Filing Flows › KB Home (KBH) › Q2 FY26 › vs Q1 FY26
KB Home (KBH) Q2 FY26 vs Q1 FY26 (quarter over quarter)
KB Home's revenue rose $35.4M (+3%) from $1.1B in Q1 FY26 to $1.1B in Q2 FY26. The biggest changes: Housing +$35.3M (+3%); Financial services +$376K (+8%). Operating margin 3.3% against 3.7% (-0.4 pts).
KB Home, Q2 FY26: revenue $1.1B (-27% year over year), operating margin 3.3%, net earnings $27.3M, operating cash flow $31.9M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q2 FY26 | Q1 FY26 | Change | |
|---|---|---|---|
| Operating margin | 3.3% | 3.7% | -0.4 pts |
| Net margin | 2.5% | 3.1% | -0.6 pts |
| Free cash flow margin | 2.0% | -12.9% | +14.9 pts |
Every line
| Line | Q2 FY26 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Homebuilding | $1.1B | $1.1B | $35.0M | +3% |
| Land | $855K | $585K | $270K | +46% |
| Housing | $1.1B | $1.1B | $35.3M | +3% |
| Financial services | $5.3M | $5.0M | $376K | +8% |
| Revenue | $1.1B | $1.1B | $35.4M | +3% |
| Operating profit | $37.2M | $40.3M | −$3.1M | -8% |
| Costs & expenses | $1.1B | $1.0B | $38.5M | +4% |
| Pre-tax earnings | $37.2M | $40.3M | −$3.1M | -8% |
| Net earnings | $27.3M | $33.4M | −$6.1M | -18% |
| Income tax | $9.9M | $6.9M | $3.0M | +43% |
| Depreciation & amortization | $10.4M | $10.1M | $278K | +3% |
| Share-based compensation | $5.5M | $6.0M | −$477K | -8% |
| Working capital & other | $11.4M | $175M | −$164M | -94% |
| Operating cash flow | $31.9M | −$125M | $157M | — |
| Free cash flow (OCF − capex) | $22.2M | −$139M | $161M | — |
| Capital expenditures | $9.7M | $13.2M | −$3.6M | -27% |
Questions
How much did KB Home's revenue grow quarter over quarter in Q2 FY26?
KB Home's revenue rose $35.4M (+3%) from $1.1B in Q1 FY26 to $1.1B in Q2 FY26.
What drove KB Home's revenue change in Q2 FY26?
Housing +$35.3M (+3%); Financial services +$376K (+8%).