From Alphastreet - Earnings Decoded. Market Intelligence Delivered · Staff Editor 2 · · 1m 20s
KB Home revenue drops 20% in Q3 2026
The home builder delivered fewer homes and took fewer orders as sales weakened across the quarter.
In brief
The home builder delivered fewer homes and took fewer orders as sales weakened across the quarter. KB Home's third-quarter revenue fell to $1.30 billion from $1.62 billion year-over-year, driven by a 19.5% decline in home deliveries to 2,732 units. Originally reported by Alphastreet - Earnings Decoded. Market…
KB Home reports Q3 earnings miss
KB Home's third-quarter revenue fell 20% to $1.30 billion from $1.62 billion a year ago, with earnings dropping to $65.3 million or $1.05 per share.
Home deliveries down nearly 20%
The company delivered 2,732 homes in Q3, down 19.5% from 3,393 homes in the year-ago quarter, reflecting weak sales performance.
Orders decline 11.7% year-over-year
New orders fell to 2,604 units during the three-month period, down 11.7% compared to the prior year quarter.
Built to order strategy gains traction
KB Home achieved its goal of returning to a predominantly built-to-order business, with BTO homes representing nearly 75% of third-quarter deliveries.
“We also made significant progress and have now achieved our goal of returning to a predominantly Built to Order business”
Margin improvement despite lower volume
The shift to built-to-order homes contributed to sequentially higher housing gross profit margins, even as overall deliveries declined.
Full-year guidance issued for 2026
KB Home expects fiscal 2026 housing revenues between $4.90 billion and $5.10 billion, with home deliveries projected at 10,500 to 11,000 units.
Here's the gist
KB Home's third-quarter revenue fell to $1.30 billion from $1.62 billion year-over-year, driven by a 19.5% decline in home deliveries to 2,732 units.
