M/I Homes (MHO) Earnings: Q3 2026 Results and Next Report Date

The quarter ended September 30, 2026 and M/I Homes published the results on October 21, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. M/I Homes reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted (excluding inventory charges), which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• M/I Homes' adjusted figures add back pre-tax inventory charges of $4.7 million in Q3 2026 and $7.6 million in Q3 2025. The release reports these figures in thousands; this page shows them in millions.

Source: M/I Homes Q3 2026 results, October 21, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How M/I Homes splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• M/I Homes's Northern homebuilding revenue was $483 million in Q3 2026, down 1% from $488 million in Q3 2025, 45% of total revenue.
• M/I Homes's Southern homebuilding revenue was $560 million in Q3 2026, down 8% from $609 million in Q3 2025, 52% of total revenue.
• M/I Homes's Financial services revenue was $32.7 million in Q3 2026, down 5% from $34.6 million in Q3 2025, 3% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP total revenue and diluted EPS, each as first reported in that quarter's release.

M/I Homes's next report is expected around January 27, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 21, 2026

M/I Homes earns almost all of its revenue from closing on new single-family homes. In Q3 2026 housing revenue was $1,031.4 million of $1,076.1 million in total revenue, land sales added $12.0 million, and financial services (mortgage and title) added $32.7 million. M/I Homes delivered 2,241 homes, down 2% from 2,296, at an average closing price of $460 thousand against $477 thousand a year earlier. (M/I Homes Q3 2026 release, Oct 21, 2026)

M/I Homes reports two homebuilding segments. Northern region revenue slipped to $483.3 million from $487.9 million: a 2% decrease in the average sales price of homes delivered, partly offset by a 1% increase in homes delivered. Southern region revenue fell 8% to $560.0 million from $609.2 million because of a 5% decrease in average sales price ($24,000 per home) and a 5% decrease in homes delivered (62 units), offset in part by a $10.4 million increase in land sale revenue. (M/I Homes Form 10-Q, Q3 2026, Oct 23, 2026)

The 10-Q ties lower prices to incentives. It says the Northern region's average sales price in Q3 2026 reflects a reduction of $13,800 per home from increased homebuyer incentive costs, including mortgage interest rate buydowns, and that Northern gross margin fell 290 basis points to 20.1%. Southern gross margin fell 330 basis points to 16.9%. Company gross margin was 20.9%, or 21.3% excluding inventory charges. (M/I Homes Form 10-Q, Q3 2026, Oct 23, 2026; M/I Homes Q3 2026 release, Oct 21, 2026)

Financial services revenue fell 5% to $32.7 million because of lower margins on loans sold, a lower average loan amount ($403,000 against $406,000) and 1,835 loan originations against 1,848, offset in part by a higher capture rate, which M/I Homes put at 96% against 93%. (M/I Homes Form 10-Q, Q3 2026, Oct 23, 2026)

M/I Homes builds in markets from Columbus, Cincinnati, Chicago and Minneapolis/St. Paul in the north to Texas, Florida, the Carolinas and Nashville in the south, and had 246 communities at September 30, 2026 against 233 a year earlier. Its Smart Series, aimed at entry-level and move-down buyers, was about 52% of homes sold in 2025. (M/I Homes Q3 2026 release, Oct 21, 2026; M/I Homes Form 10-K, 2025, Feb 13, 2026)

M/I Homes reported GAAP diluted EPS of $2.56 in Q3 2026 against $3.92 a year earlier, on net income of $66.6 million against $106.5 million. Its adjusted diluted EPS of $2.70 adds back pre-tax inventory charges of $4.7 million, which M/I Homes put at $0.14 per diluted share; in Q3 2025 the charges were $7.6 million, or $0.22 per share, and adjusted EPS was $4.14. (M/I Homes Q3 2026 release, Oct 21, 2026)

Pre-tax income fell to $86.9 million from $139.8 million. Selling expense was $64.6 million and general and administrative expense $76.6 million, against $64.0 million and $70.8 million a year earlier, while gross margin dollars fell to $224.5 million from $270.1 million. The effective tax rate was 23.4% against 23.8%. (M/I Homes Q3 2026 release, Oct 21, 2026; M/I Homes Form 10-Q, Q3 2026, Oct 23, 2026)

M/I Homes' diluted weighted average shares were 25,949 thousand against 27,188 thousand a year earlier. M/I Homes repurchased 0.3 million shares for $50.1 million in the quarter and 1.1 million shares for $150.2 million over the first nine months of 2026, with $206.7 million left under its 2026 repurchase program at September 30. (M/I Homes Q3 2026 release, Oct 21, 2026; M/I Homes Form 10-Q, Q3 2026, Oct 23, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

M/I Homes does not give a numeric outlook in its earnings release: no revenue, delivery or margin guidance for Q4 2026. The release reports orders, backlog and community count, and its CEO said Q3 results reflect increasingly difficult market conditions, including higher mortgage interest rates, weaker demand and growing economic uncertainty. (M/I Homes Q3 2026 release, Oct 21, 2026)

The Outlook section of the 10-Q says mortgage interest rates rose during Q3 2026 and exceeded 7% at quarter-end, and that M/I Homes believes these conditions may persist through the remainder of 2026 and into 2027. It names selective use of sales incentives, including mortgage rate buydowns, as part of its response. (M/I Homes Form 10-Q, Q3 2026, Oct 23, 2026)

Backlog is the nearest guide to coming deliveries. At September 30, 2026 M/I Homes had 2,046 homes in backlog with a sales value of $1.1 billion and an average price of $539,000, against 2,189 homes, $1.2 billion and $553,000 a year earlier. (M/I Homes Q3 2026 release, Oct 21, 2026)

A consensus figure is the average of the models published by the analysts who cover M/I Homes, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones M/I Homes's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning MHO is on is MHO a buy or a sell?, what analysts expect next is on the MHO forecast, and what the company does is on the M/I Homes (MHO) stock page.

Every number on this page can be traced to a document M/I Homes published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.