Toll Brothers beats Q3 earnings estimates amid housing market shifts

Toll Brothers, Inc. reported third-quarter 2026 financial results that exceeded Wall Street expectations despite facing a softer housing market. The luxury homebuilder posted diluted earnings of $2.97 per share and revenue of $2.65 billion. While these figures beat analyst estimates, they represent a year-over-year decline from the $3.73 earnings and $2.88 billion in revenue recorded in Q3 2025. The company noted a decrease in home deliveries to 2,662 units and a compression in home sales gross margin. However, net signed contract value rose to $2.52 billion, and the company reaffirmed its full-year revenue guidance of approximately $10.5 billion.

In other corporate news, semiconductor manufacturer Analog Devices, Inc. reported a robust Q3 2026, with revenue rising 40% year-over-year to $4.02 billion. Adjusted diluted earnings per share reached $3.45, surpassing the $2.93 consensus estimate. The company’s Industrial segment saw a 53% surge in revenue.

Target Corporation reported second-quarter growth, with net sales rising 5.3% to $26.5 billion. The retailer raised its full-year outlook for net sales growth to approximately 5% and increased its adjusted earnings-per-share guidance range to between $9.90 and $10.90.