Toll Brothers (NYSE:TOL) Beats Q2 Estimates and Lifts Full-Year Outlook

Toll Brothers (NYSE:TOL) reported stronger-than-expected fiscal second-quarter results on June 2, 2026, raising its full-year guidance and standing out amid a broader homebuilder slowdown. The luxury builder posted $2.53 billion in revenue, down 7.6% year-over-year but 4.6% above analyst consensus. CEO Karl K. Mistry highlighted 2,491 homes delivered at an average price of $1,009,000, with adjusted gross margin of 26.2% and SG&A expenses at 10.3% of revenue—both beating internal targets. Net orders rose 7% in units and 8% in dollar value, prompting the company to lift its outlook across key home-building metrics. Toll Brothers shares climbed 10.8% since the release, trading at $137.60. The performance contrasts with the 12-stock homebuilder group, which collectively missed revenue estimates by 0.8% and saw average share prices slip 2.7%. NVR (NYSE:NVR) notably missed revenue forecasts by 7.8%, sending its stock down 11.6%.