EPS beat driven by lower share count from buybacks, not operational improvement. Monitor Q4 delivery and margin guidance for signs of stabilization; the maintained full-year outlook suggests management sees current trends persisting.
Price Chart
Executive Summary
KB Home reported Q3 2026 EPS of $1.05, beating consensus of $0.90 by 16.7%, but revenue of $1.30B was in line with estimates. Revenue fell 20% YoY and net income dropped 41%, reflecting a challenging housing market with higher mortgage rates pressuring affordability. Management maintained full-year guidance, signaling stability despite headwinds.
Key Financial Metrics
Key Facts
- Q3 2026 EPS $1.05 vs consensus $0.90 (beat by 16.7%)
- Revenue $1.30B, down 20% YoY from $1.62B
- Net income $65.3M, down 41% YoY from $109.8M
- Homes delivered 2,732, down 19% YoY
- Housing gross profit margin 16.5% vs 18.2% YoY
- Net orders down 12% YoY to 2,604; backlog up 2% to 4,398 homes
- Repurchased $50M of stock in Q3; $725M remaining under authorization
- Full-year guidance maintained: deliveries 10,500-11,000 homes, housing revenues $4.90B-$5.10B
Financial Impact
Revenue decline of 20% YoY ($1.30B vs $1.62B) and net income drop of 41% ($65.3M vs $109.8M) reflect ongoing housing market weakness.
Risk Factors
- Higher mortgage rates continue to pressure affordability and buyer demand
- Revenue and earnings declining YoY with no catalyst for near-term reversal
- Geopolitical and economic uncertainty may further dampen homebuying activity
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302885291 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 12d ago | 8-K | $43.65 | awaiting T+60 | — | $46.35 (+6.19%) |
Sep 22, 2026 4w ago | Press Release | $47.15 | awaiting T+60 | — | $46.35 (−1.70%) |
Aug 28, 2026 8w ago | Press Release | $54.86 | awaiting T+60 | — | $46.35 (−15.51%) |
Aug 7, 2026 11w ago | Insider Cluster | $56.52 | awaiting T+60 | — | $46.35 (−17.99%) |
Jul 15, 2026 14w ago | Insider Cluster | $57.81 $43.13 | ▼ −25.39% | ▼ −29.10% | $46.35 (−19.82%) |
Jun 23, 2026 17w ago | 8-K | $61.51 $48.54 | ▲ +21.09% | ▲ +23.92% | $46.35 (+24.65%) |
May 1, 2026 25w ago | 8-K | $47.85 $57.04 | ▼ −19.21% | ▼ −17.35% | $46.35 (+3.13%) |
Mar 13, 2026 32w ago | DEFA14A | $54.03 $51.42 | ▼ −4.82% | ▼ −15.31% | $46.35 (−14.21%) |
US Market Status
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