KB HOME (KBH) Form 8-K — Jun 23, 2026
KB Home reported fiscal second-quarter 2026 revenue of $1.11 billion, a 27% decrease from the prior year, with diluted earnings per share falling to $0.43 from $1.50. The decline was driven by a 23% drop in homes delivered to 2,395 and a decrease in average selling price to $461,900, resulting in a compressed homebuilding operating income margin of 2.5%. Despite the top-line pressure, the company met or exceeded the midpoint of its guidance ranges and highlighted progress in its Built to Order business model, which represented 73% of net orders. Net orders declined 4% to 3,317 homes, while the ending backlog decreased 5% to 4,526 homes valued at $2.14 billion.
Key figures
- Eps
- $0.43
- Revenue
- $1.11 billion
- Net Income
- $27.3 million
- Total Debt
- $1.97 billion
- Cash Position
- $199.8 million
- Shares Outstanding
- 61.3 million
- Net Orders
- 3317
- Backlog Value
- $2.14 billion
- Homes Delivered
- 2395
- Average Selling Price
- $461,900
- Share Repurchase Cost Q2
- $75.0 million
- Remaining Repurchase Auth
- $775.0 million
- Housing Gross Profit Margin
- 15.2%
- Homebuilding Operating Income Margin
- 2.5%
Price after filing
Close on the filing date to close N calendar days later (from $54.20). Historical, not a forecast.
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