KB Home

Q2 FY2026 EarningsQ2 FY26 revenue was $1.11B, down 27% YoY, primarily due to a 23% decline in home deliveries (2,395 units) and a 5% drop in ASP ($461,900). Net income fell 75% YoY to $27.3M, with diluted EPS at $0.43, impacted by lower gross margins of 15.2% (-410bps) resulting from price reductions and reduced operating leverage. Backlog units grew 45% since FY25 year-end, signaling a strategic shift back to Built-to-Order homes.