KB Home provided detailed third-quarter and full-year guidance during its second-quarter earnings call. For the third quarter, the company expects housing revenues of $1.2 billion to $1.35 billion and a housing gross profit margin of 16% to 16.6%, with deliveries projected at 2,600 to 2,800 homes. For the full fiscal year 2026, KB Home guided to deliveries of 10,500 to 11,000 homes, housing revenues of $4.9 billion to $5.3 billion, and a housing gross profit margin of 16.1% to 16.5%, assuming no inventory-related charges. The outlook follows a second quarter in which housing revenues fell 27% to $1.11 billion, net income was $27.3 million, and diluted earnings per share came in at $0.43, while the company emphasized that its built-to-order shift is now producing a larger, earlier-stage sold backlog and supporting improved visibility.
KB HomeQ2 housing revenues fell 27% and EPS was $0.43; Q3 guidance implies continued weakness.
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