Toll Brothers raised its full-year 2026 guidance for deliveries and pricing after reporting fiscal second-quarter results that beat earnings and revenue expectations, sending its shares up 5.7%. The homebuilder cited steady demand reflected in higher average home delivery prices and net signed contracts, supported by an active pipeline of new luxury communities in key U.S. markets. The company projects $12.6 billion in revenue and $1.5 billion in earnings by 2029, requiring 3.9% annual revenue growth. Some analysts had already forecast about $13.4 billion in revenue and $1.5 billion in earnings, assuming luxury pricing resilience. Toll Brothers continues to lean on affluent buyers and product diversification to navigate a challenging housing backdrop, though risks remain from rising incentives, margin compression, and elevated spec inventory.
Toll Brothers IncToll Brothers raised guidance on resilient luxury demand, with higher deliveries and pricing.