KB HOME REPORTS 2026 THIRD QUARTER RESULTS
KB Home reported Q3 2026 revenues of $1.30 billion, down 20% year-over-year, with diluted EPS of $1.05 versus $1.61 a year ago. Executive Chairman Jeffrey Mezger said housing market conditions have weakened since the June report, with higher mortgage rates pressuring affordability and causing buyers to be more cautious. Net orders fell 12% to 2,604, but ending backlog grew for the first time in four years, up 2% in homes and 3% in value to $2.05 billion.
Key figures
- Eps
- 1.05
- Revenue
- 1297101000
- Guidance
- Q4 deliveries 3,000-3,500 homes; housing revenues $1.45B-$1.65B; housing gross margin 16.0%-16.6%; FY26 housing revenues $4.90B-$5.10B; FY housing gross margin 16.0%-16.2%
- Buyback q3
- $50.0 million
- Net income
- 65280000
- Net orders
- 2604
- Backlog homes
- 4398
- Backlog value
- 2053208000
- Debt to capital
- 35.7%
- Homes delivered
- 2732
- Total liquidity
- 942400000
- Cancellation rate
- 18%
- Buyback nine month
- $175.0 million
- Book value per share
- 62.56
- Housing gross margin
- 16.5%
- Average selling price
- 473000
- Net income yoy change
- down from $109.8 million
- Homebuilding operating income
- 67100000
- Homebuilding operating margin
- 5.2%
- Housing gross margin adjusted
- 16.8%
- Remaining buyback authorization
- 725000000
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