Reported net earnings of $305 million, or $1.24 per diluted share, compared to $477 million, or $1.81 per share, in Q2 2025. Total revenues reached $7.9 billion for the quarter. New orders decreased 4% year-over-year to 21,749 homes. Home deliveries increased 2% year-over-year to 20,519 homes. Average sales price per home was $371,000, reflecting a 12.9% incentive level. Gross margin on home sales was 15.6%, with a net margin of 6.4%.