Cyrela reports 14 percent sales drop: BTG names BRL 40 target for Cyrela stock

Published on 10/25/2026 at 01:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cyrela launched BRL 2.86 billion in Q3 2026, down 16 percent year over year. Cyrela stock was last at BRL 35.57 on October 23, 2026.

Sales and reporting dates

Cyrela's third-quarter preview on October 13, 2026 showed BRL 2.12 billion in sales, down 14 percent year over year.
BTG Pactual reported BRL 2.5 billion in second-quarter revenue and BRL 452.0 million in net income on August 17, 2026.
Cyrela's next quarterly results are scheduled for November 12, 2026.
The stock last closed at BRL 35.57 on October 23, 2026, while its 52-week range was BRL 19.76 to BRL 39.06.

Cyrela, BRCYREACNOR7, Illustration mit AI erstellt.

Cyrela (BRCYREACNOR7) reported third-quarter 2026 contracted sales of BRL 2.12 billion, down 14 percent year over year, in an operational preview dated October 13, 2026, according to CNN Brasil. The same release showed launches of BRL 2.86 billion, down 16 percent from the third quarter of 2025.

Third-quarter demand weakened

The decline was broad enough to change the operating picture. Sales fell 17 percent from the second quarter of 2026, while launches dropped 25 percent on the same quarterly comparison, according to Money Times. The 12-month sales velocity ratio fell to 40.3 percent in the third quarter of 2026 from 48.9 percent a year earlier.

Minha Casa Minha Vida provided a partial counterweight. Cyrela's launches in that segment reached BRL 1.26 billion in the third quarter, up from BRL 938.0 million a year earlier, while high-end launches fell to BRL 1.00 billion from BRL 2.22 billion, according to CNN Brasil.

What does the balance sheet show?

The latest reported quarter still offers a stronger comparison point. In the second quarter of 2026, net revenue reached BRL 2.5 billion, up 18 percent year over year, and net income rose 16 percent to BRL 452.0 million, according to BTG Pactual. Adjusted gross margin was 37.3 percent and cash generation reached BRL 272.0 million in that quarter.

BTG Pactual's October 14, 2026 assessment set a BRL 40.00 price target for CYRE3 after the weaker preview, while Money Times reported that the bank still viewed the valuation at about seven times estimated 2027 earnings as attractive. The target and valuation point to a debate between softer near-term sales and the group's earnings and cash generation.

Next reporting date

Cyrela's next quarterly results are scheduled for November 12, 2026, according to TickerLandia. That release should show whether the third-quarter slowdown was concentrated in launches and high-end projects or extended into revenue and margins.

Stock awaits the next figures

Cyrela stock last closed at BRL 35.57 on the B3 on October 23, 2026. The 52-week range was BRL 19.76 to BRL 39.06, leaving the last close BRL 3.49 below the high.