KBH

In the past six months, KB Home's stock has been impacted by several events, primarily related to its earnings reports and broader market conditions, resulting in a decline of approximately 14.85%. For Q1 CY2026, KB Home reported revenue of $1.08 billion, missing analyst estimates by 1.8% and showing a 22.6% year-on-year decline, with GAAP EPS at $0.52, a 4.5% miss. The company's backlog was $1.70 billion, down 23% year-on-year, and management cited weak demand, rising mortgage rates, and geopolitical tensions, leading to a significant reduction in full-year 2026 guidance and a Q1 housing gross margin of 15.3%. KB Home's Q2 2026 earnings call presentation was on June 23, 2026. For Q3 CY2026, KB Home reported diluted earnings of $1.05 per share, exceeding analyst expectations of $0.89, though revenue fell 20% year-on-year to $1.30 billion, meeting estimates. Deliveries dropped 19% to 2,732 homes, but backlog expanded to $2.05 billion, marking the first year-on-year gain in four years. Despite the profit beat, the company anticipated a harder finish to 2026 due to fewer high-priced Southern California homes closing, trimming average price and margin expectations, and analysts questioned a $50 million share buyback given rising leverage and continued increases in housing costs from factors like data centers, tariffs, and inflation.