Filing Flows › Hovnanian Enterprises (HOV) › Q1 FY26
Hovnanian Enterprises (HOV) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Mar 2, 2026
Hovnanian Enterprises (HOV) reported revenue of $632M for the first quarter fiscal 2026 (Q1 FY26), -6% from a year earlier and -23% from the quarter before. Operating margin was 4.0%, net earnings $18.2M (2.9% of revenue).
Hovnanian Enterprises, Q1 FY26: revenue $632M (-6% year over year), operating margin 4.0%, net earnings $18.2M, operating cash flow $141M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $632M | -23% | -6% |
| Operating profit | $25.3M | +51% | -18% |
| Net earnings | $18.2M | — | -28% |
| Operating cash flow | $141M | -17% | — |
| Free cash flow | $132M | -19% | — |
What changed
Revenue was $632.0M in Q1 FY26, down 6% year over year and down 23% from the previous quarter. Home Building was the largest line at 97% of revenue. Home Building lost $43.7M year over year (down 7%), 105% of the total change.
Operating profit was $25.3M, a 4.0% margin (down 0.6 points year over year). Total costs fell 6% while revenue fell 6%. Net earnings were $18.2M, down 28% year over year. The effective tax rate was 27.3%.
Operating cash flow was $140.9M, 675% of net income including minority interests. Non-cash charges added back $3.3M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items added $115.2M. Capital expenditures of $8.8M left free cash flow of $132.1M.
Questions
What was Hovnanian Enterprises' revenue in the first quarter fiscal 2026?
Hovnanian Enterprises (HOV) reported revenue of $632M for the first quarter fiscal 2026 (Q1 FY26), -6% from a year earlier and -23% from the quarter before.
Was Hovnanian Enterprises profitable in the first quarter fiscal 2026?
Operating profit was $25.3M (4.0% of revenue) and net earnings $18.2M.