KB Home (KBH) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jun 24, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

0.46

Last Year’s EPS

1.5

Same Quarter Last Year

Analyst Consensus

Hold

Based on 11 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Mar 24, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call balanced meaningful operational and structural progress (notably the deliberate shift back to built‑to‑order, material reductions in build times, cost improvements, increased community count, strong buyer credit profiles, and healthy liquidity and buybacks) against clear near‑term financial headwinds (notably a 23% revenue decline, a 10% drop in ASP, ~480 bps margin compression, and a lowered full‑year delivery outlook). Management emphasized a purposeful reset that will depress near‑term deliveries but aims to generate higher margins and more predictable operations in the back half of fiscal 2026. Given the comparable weight of significant operational positives and meaningful financial/market negatives, the tone is cautiously optimistic but pragmatic.

Company Guidance

KB Home guided second-quarter 2026 housing revenues of $1.05–$1.15 billion on 2,250–2,450 deliveries, with housing gross profit margin (assuming no inventory charges) of 15.0%–15.6%, an SG&A ratio of 12.4%–13.0% and an effective tax rate of ~19%; for full-year 2026 the company now expects housing revenues of $4.8–$5.5 billion on 10,000–11,500 deliveries. Management highlighted that built‑to‑order (BTO) sales have climbed to ~68% at end‑February and above 70% in early March with a target of at least 70% BTO deliveries in H2 (BTO typically drives a 300–500 bps margin uplift), BTO build times improved to 108 days, backlog and regional mix (more higher‑ASP Northern California deliveries) should drive H2 margin improvement, and the company plans Q2 share repurchases of $50–$100 million; it closed Q1 with $1.2 billion liquidity ($201M cash, $1.0B revolver), owns/controls ~63,000 lots, had 276 active communities (37 Q1 grand openings; 30–35 planned in Q2), 3,353 homes in process (70% sold) and will refine guidance after the spring selling season.

Revenue and EPS Reported

Total revenues of approximately $1.08–$1.10 billion in Q1 and diluted EPS of $0.52; net income of $33 million.

Net Orders Growth and Strong Order Quality

Net orders increased 3% year‑over‑year to 2,846 with the lowest cancellation rate in four years and average absorption of 3.5 net orders per month per community, reflecting higher-quality committed buyers.

Built‑to‑Order (BTO) Strategic Shift

Deliberate mix shift back to built‑to‑order: BTO share rose from 44% in October to 68% at end of February and tracked above 70% in early March; company expects ~70% BTO deliveries in H2, noting BTO typically delivers 300–500 basis points higher gross margin versus inventory sales.

Significant Build Time Improvement

Built‑to‑order build times improved to 108 days, a 22% year‑over‑year reduction and a 9% sequential improvement (from prior quarter target of 120 days), expanding the selling window and improving capital efficiency.

Cost Reductions and Production Efficiency

Total direct construction costs per unit decreased 8% year‑over‑year; continued rebidding, value engineering and contract management expected to further mitigate cost pressures.

Higher Community Count and Pipeline

Active community count increased to 276 (highest in many years), up 8% year‑over‑year, with 37 grand openings in Q1 and 30–35 planned in Q2; homes in process totaled 3,353, with 70% sold and 30% unsold supporting a growing sold-not-started backlog.

Strong Buyer Credit Profile and JV Mortgage Capture

KBHS capture rate of 81% for buyers who finance; average down payment ~16% (≈$72,000), average household income ~$133,000, average FICO 743, and 11% of deliveries paid in cash — signaling strong buyer credit and lower execution risk in backlog.

Capital Return and Liquidity

Returned nearly $70 million of capital in Q1 (including dividends and repurchases), repurchased 843,000 shares (repurchase authorization remaining ~$850 million), total liquidity ~$1.2 billion ($201 million cash, ~$1.0 billion available revolver), and book value per share expanded to over $61 year‑over‑year.

KB Home (KBH) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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KBH Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jun 24, 2026	2026 (Q2)	0.46 / -	1.5	―	―	―
Mar 24, 2026	2026 (Q1)	0.55 / 0.52	1.49	-65.10% (-0.97)
Jan 14, 2026	2026 (Q4)	- / -	2.52	―	―	―
Dec 18, 2025	2025 (Q4)	1.79 / 1.55	2.52	-38.49% (-0.97)
Sep 24, 2025	2025 (Q3)	1.50 / 1.61	2.04	-21.08% (-0.43)
Jun 23, 2025	2025 (Q2)	1.46 / 1.50	2.15	-30.23% (-0.65)
Mar 24, 2025	2025 (Q1)	1.57 / 1.49	1.76	-15.34% (-0.27)
Jan 13, 2025	2024 (Q4)	2.44 / 2.52	1.85	36.22% (+0.67)
Sep 24, 2024	2024 (Q3)	2.06 / 2.04	1.8	13.33% (+0.24)
Jun 18, 2024	2024 (Q2)	1.80 / 2.15	1.94	10.82% (+0.21)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

KBH Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Mar 24, 2026	$52.94	$52.12	-1.55%
Jan 14, 2026	$62.32	$61.38	-1.52%
Dec 18, 2025	$62.49	$57.16	-8.54%
Sep 24, 2025	$61.87	$61.48	-0.63%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.