Filing Flows › KB Home (KBH) › Q2 FY26
KB Home (KBH) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Jul 9, 2026
KB Home (KBH) reported revenue of $1.1B for the second quarter fiscal 2026 (Q2 FY26), -27% from a year earlier and +3% from the quarter before. Operating margin was 3.3%, net earnings $27.3M (2.5% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +3% | -27% |
| Operating profit | $37.2M | -8% | -74% |
| Net earnings | $27.3M | -18% | -75% |
| Operating cash flow | $31.9M | — | -81% |
| Free cash flow | $22.2M | — | -86% |
What changed
Revenue was $1.1B in Q2 FY26, down 27% year over year and up 3% from the previous quarter. Homebuilding was the largest line at 100% of revenue. Homebuilding lost $0.42B year over year (down 27%), 100% of the total change.
Operating profit was $0.04B, a 3.3% margin (down 6.0 points year over year). Total costs fell 22% while revenue fell 27%. Net earnings were $0.03B, down 75% year over year. The effective tax rate was 26.6%.
Operating cash flow was $0.03B (down 81% year over year), 117% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.01B. Capital expenditures of $0.01B left free cash flow of $0.02B.
Questions
What was KB Home's revenue in the second quarter fiscal 2026?
KB Home (KBH) reported revenue of $1.1B for the second quarter fiscal 2026 (Q2 FY26), -27% from a year earlier and +3% from the quarter before.
Was KB Home profitable in the second quarter fiscal 2026?
Operating profit was $37.2M (3.3% of revenue) and net earnings $27.3M.
Source: KB Home 10-Q on SEC EDGAR.