Toll Brothers Delivers Lower-Than-Expected 2026 Guidance

Construction at a Toll Brothers housing community in Morgan Hill, California.Photographer: David Paul Morris/Bloomberg

Luxury builder Toll Brothers Inc. beat analysts’ estimates for quarterly orders, while providing full-year guidance for 2026 that fell below expectations.

The shares fell 3% as of 9:45 a.m. New York time on Tuesday. The company’s stock had climbed 8.1% this year through Monday’s close, compared with a 5.4% gain in an S&P index of homebuilders.