Quarterly ResultJul 9, 2026, 04:33 PM
KB HOME Q2 Net Income Down 74.6% to $27.3M; EPS $0.43
AI Summary
KB HOME reported a significant decline in its second-quarter 2026 financial results. Net income fell by 74.6% to $27.3 million, with diluted EPS dropping to $0.43. Total revenues decreased by 27.3% to $1.11 billion, primarily due to lower homebuilding revenues and reduced housing gross profit margins across all segments.
Key Highlights
- Q2 2026 Net Income: $27.3 million, down 74.6% YoY.
- Q2 2026 Diluted EPS: $0.43, down 71.3% YoY.
- Q2 2026 Total Revenues: $1.11 billion, down 27.3% YoY.
- Q2 2026 Homebuilding Pretax Income: $30.6 million, down 77.2% YoY.
- Q2 2026 Housing Gross Profit Margin: 15.2%, down from 19.3% YoY.
- Six-month Net Cash Used in Operating Activities: $(93.5) million, improved from $(165.9) million YoY.
- West Coast Housing Revenues (Q2): $510.6 million.
- Notes payable increased to $1.97 billion from $1.69 billion since Nov 2025.
Price Impact
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