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KB Home (KBH) Q3 FY26 earnings results (third quarter fiscal 2026)

10-Q filed Oct 8, 2026

KB Home (KBH) reported revenue of $1.3B for the third quarter fiscal 2026 (Q3 FY26), -20% from a year earlier and +17% from the quarter before. Operating margin was 6.3%, net earnings $65.3M (5.0% of revenue).

Revenue$1.3B
Year over year-20%
Quarter over quarter+17%
Operating margin6.3%
Net earnings$65.3M

KB Home, Q3 FY26: revenue $1.3B (-20% year over year), operating margin 6.3%, net earnings $65.3M, operating cash flow −$135M. The chart follows the revenue to costs, profit and cash.

Q3 FY26AmountQ/QY/Y
Revenue$1.3B+17%-20%
Operating profit$81.2M+118%-43%
Net earnings$65.3M+139%-41%
Operating cash flow−$135M-525%-168%

What changed

Revenue was $1.3B in Q3 FY26, down 20% year over year and up 17% from the previous quarter. Homebuilding was the largest line at 100% of revenue. Homebuilding lost $0.32B year over year (down 20%), 100% of the total change.

Operating profit was $0.08B, a 6.3% margin (down 2.6 points year over year). Total costs fell 18% while revenue fell 20%. Net earnings were $0.07B, down 41% year over year. The effective tax rate was 19.6%.

Operating cash flow was −$0.14B. Non-cash charges added back $0.01B of depreciation and amortization. Working capital and other items used $0.21B. Capital expenditures of $0.01B exceeded it, leaving free cash flow of −$0.15B.

Questions

What was KB Home's revenue in the third quarter fiscal 2026?

KB Home (KBH) reported revenue of $1.3B for the third quarter fiscal 2026 (Q3 FY26), -20% from a year earlier and +17% from the quarter before.

Was KB Home profitable in the third quarter fiscal 2026?

Operating profit was $81.2M (6.3% of revenue) and net earnings $65.3M.

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Source: KB Home 10-Q on SEC EDGAR.