Quarterly ResultJun 23, 2026, 04:22 PM
KB Home Q2 Revenue $1.11B, EPS $0.43; Repurchased $75M Stock
AI Summary
KB Home reported its second quarter 2026 results, with revenues decreasing 27% to $1.11 billion and diluted earnings per share falling to $0.43 from $1.50 year-over-year. The company noted progress in its 'Built to Order' business model, which represented 73% of net orders, and achieved 35 new community openings while reducing build times. Despite a challenging market, management expressed confidence in sequentially higher delivery volumes and gross margins for the remainder of fiscal 2026, and repurchased $75.0 million of common stock.
Key Highlights
- Q2 2026 revenues decreased 27% year-over-year to $1.11 billion.
- Q2 2026 diluted earnings per share was $0.43, down from $1.50 year-over-year.
- Q2 2026 net income was $27.3 million, compared to $107.9 million in the prior year.
- Homes delivered in Q2 2026 decreased 23% to 2,395.
- Average selling price in Q2 2026 was $461,900, down from $488,700.
- The company repurchased $75.0 million of common stock in Q2 2026.
- Housing gross profit margin was 15.2% in Q2 2026, down from 19.3% year-over-year.
- Full-year 2026 guidance projects deliveries between 10,500 and 11,000 homes and housing revenues of $4.90 billion to $5.30 billion.
Price Impact
More from KBH