KB HOME

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.

KB Home announced that Robert R. Dillard, Executive Vice President and Chief Financial Officer, resigned from his position. His resignation is effective May 8, 2026. The company stated that Mr. Dillard's departure was not related to any disagreements regarding KB Home's financial or accounting policies or practices.

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.