earnings
confidence high
sentiment negative
materiality 0.75
KB Home Q2 revenue down 27% to $1.11B; EPS $0.43 vs $1.50 last year
KB HOME
- Revenues fell 27% to $1.11B; delivered 2,395 homes (-23%) with avg price $461,900 (-5.5%).
- Net income $27.3M ($0.43 diluted EPS) vs $107.9M ($1.50) YoY; homebuilding op margin 2.5%.
- Repurchased $75M of common stock (1.4M shares); $775M remaining under buyback authorization.
- Q3 guidance: deliveries 2,600-2,800; housing gross margin 16.0%-16.6% (excl charges).
- Full-year 2026 delivery guidance 10,500-11,000; housing revenues $4.90B-$5.30B.