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Mar 25, 2026 4:40 PM

KB Home Analysts Lower Their Forecasts After Downbeat Q1 Results

KB Home (NYSE:KBH) on Tuesday reported weak results for the first quarter.

KB Home reported quarterly earnings of 52 cents per share, which missed the analyst consensus estimate of 58 cents. Quarterly revenue came in at $1.08 billion, which missed the Street estimate of $1.1 billion and was down from $1.39 billion in the same period last year.

"With solid traffic in our communities, we generated year-over-year net order growth in our first quarter," said Jeffrey Mezger, executive chairman of KB Home. "In addition, we are now achieving our targeted mix of Built to Order net orders."

KB Home expects second quarter deliveries in the range of 2,250 to 2,450 homes, housing revenues in the range of $1.05 billion to $1.15 billion and housing gross profit margin in the range of 15% to 15.6%.

For the full year 2026, KB Home expects deliveries in the ...