M/I Homes Q2 revenue fell 8.5% YoY; $5.5M Florida warranty charge and $100M buyback pace

Filed July 31, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 25, 2025 · ~1 min read

Key Changes

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  Revenue declined 8.5% YoY to $1.1B while operating income fell 35% to $101.3M, reflecting weaker homebuilding volumes and margin pressure.

  Key Financials (XBRL) view on EDGAR →
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  Recorded $5.5M in unusual warranty charges for attic ventilation issues in two Florida communities, with $3.4M accrual remaining at quarter-end—a material non-recurring expense beyond normal reserves.

  Legal Proceedings: Warranty Activity verify on EDGAR →
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  Repurchased $100.1M of shares year-to-date ($ 39,264, fiscal), including 383k shares for ~$50M in Q2 at $130.68/share (up 20% from $109.01 prior year), leaving $120M authorization remaining.

  Share Repurchases verify on EDGAR →