M/I Homes (MHO) Q2 2026 Earnings Summary

M/I Homes grew new contracts 15% with a roughly 22% gross margin and an 8% cancellation rate, without chasing closings.

Quarter ended June 30, 2026.

Closings 2,206 (↓6%)
Revenue $1.06B (↓9%)
Gross margin ~22%
Orders 2,387 (↑15%)

Commentary

M/I grew orders 15% without chasing closings. Diversification across Northern and Southern markets and across first-time and move-up buyers is doing its job: when one slows, the others carry the business.

Source: M/I Homes 8-K.

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