Quarterly ResultApr 9, 2026, 04:26 PM
KB HOME Reports Q1 2026 Revenue Decline of 22.6% to $1.08 Billion; Homebuilding Operating Income Plummets 74.1%
AI Summary
KB HOME experienced a significant downturn in its first fiscal quarter of 2026, with total revenues decreasing by 22.6% year-over-year to $1.08 billion. The core homebuilding segment saw its operating income fall sharply by 74.1% to $33.0 million, reflecting challenging market conditions or increased costs relative to sales. While financial services revenues showed a modest increase, the overall performance indicates a substantial contraction in the company's primary homebuilding operations, impacting profitability.
Key Highlights
- Total revenues for the three months ended February 28, 2026, decreased by 22.6% to $1,077.0 million, down from $1,391.8 million in the prior-year period.
- Homebuilding revenues declined by 22.7% to $1,072.1 million in Q1 2026, compared to $1,387.0 million in Q1 2025.
- Homebuilding operating income saw a substantial decrease of 74.1%, falling to $33.0 million in Q1 2026 from $127.3 million in Q1 2025.
- Homebuilding pretax income also dropped by 73.6% to $34.8 million in Q1 2026, compared to $131.8 million in Q1 2025.
- Financial services revenues increased by 4.6% to $5.0 million in Q1 2026 from $4.7 million in Q1 2025.
- There were 62,648,246 shares of the registrant’s common stock outstanding on February 28, 2026.