KB Home (KBH) Earnings: Q3 Fiscal 2026 Results and Next Report Date

The quarter ended August 31, 2026 and KB Home published the results on September 22, 2026. Revenue and diluted EPS are shown against Q3 fiscal 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• KB Home's fiscal year ends November 30. Q3 fiscal 2026 covers June through August 2026.
• KB Home does not report an adjusted EPS figure. Its only non-GAAP measure in the release is an adjusted housing gross profit margin that excludes inventory impairment and land option contract abandonment charges.

Source: KB Home Q3 fiscal 2026 results (Form 8-K, Exhibit 99.1), September 22, 2026. Also in the Form 10-Q for the quarter ended August 31, 2026. Figures as reported; checked against the release on November 10, 2026.

How KB Home splits revenue in its own release, under its own labels, for Q3 fiscal 2026 against Q3 fiscal 2025. Indented lines are parts of the line above them.

• KB Home's West Coast revenue was $620 million in Q3 fiscal 2026, down 7% from $665 million in Q3 fiscal 2025, 48% of total revenue.
• KB Home's Southwest revenue was $222 million in Q3 fiscal 2026, down 34% from $336 million in Q3 fiscal 2025, 17% of total revenue.
• KB Home's Central revenue was $206 million in Q3 fiscal 2026, down 34% from $311 million in Q3 fiscal 2025, 16% of total revenue.
• KB Home's Southeast revenue was $245 million in Q3 fiscal 2026, down 19% from $303 million in Q3 fiscal 2025, 19% of total revenue.
• KB Home's Financial services revenue was $4.8 million in Q3 fiscal 2026, down 21% from $6.0 million in Q3 fiscal 2025, under 1% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

The first two lines are KB Home's guidance for the fourth quarter of fiscal 2026 and the last two are for the full fiscal year. For the fourth quarter KB Home also guided deliveries of 3,000 to 3,500 homes and an effective tax rate of about 26%.

In its Q3 fiscal 2026 release, KB Home said:

“Housing revenues in the range of $1.45 billion to $1.65 billion.”

“Housing gross profit margin in the range of 16.0% to 16.6%, assuming no inventory-related charges.”

“Deliveries in the range of 10,500 to 11,000 homes.”

“Housing revenues in the range of $4.90 billion to $5.10 billion.”

Source: KB Home Q3 fiscal 2026 release, Sep 22, 2026.

This is the company's own guidance as of Sep 22, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the KBH forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Total revenues and diluted EPS, each as first reported in that quarter's earnings release.

KB Home's next report is expected around December 17, 2026, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 fiscal 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 fiscal 2026 (this page), reported Sep 22, 2026

KB Home's total revenues in Q3 fiscal 2026 were $1,297.1 million, down 20%, of which housing revenues were $1,292.3 million and financial services $4.8 million. KB Home delivered 2,732 homes, down 19%, at an average selling price of $473,000, against $475,700 a year earlier. (KB Home Q3 fiscal 2026 earnings release, Sep 22, 2026)

KB Home reports four homebuilding segments. West Coast, the largest, had revenues of $620.0 million on 966 deliveries at an average price of $641,800. Southwest revenues fell 34% to $222.1 million, Central fell 34% to $205.6 million, and Southeast fell 19% to $244.7 million. (KB Home Form 10-Q, Q3 fiscal 2026, Oct 8, 2026)

KB Home said the housing market continued to be challenging, with higher mortgage interest rates pressuring affordability. The 10-Q adds that resale home inventory, its largest competitor, increased to its highest levels in a decade, and that pricing is trending downward in several areas. Housing gross profit margin fell to 16.5% from 18.2%, which KB Home put down to continued pricing pressure, higher relative land costs and reduced operating leverage. (KB Home Q3 fiscal 2026 earnings release, Sep 22, 2026; KB Home Form 10-Q, Q3 fiscal 2026, Oct 8, 2026)

KB Home has returned to a mostly Built to Order business, in which homes are generally sold before construction starts. Built to Order homes were 74% of deliveries in the quarter, and average build times improved 19% year over year. Net orders fell 12% to 2,604, but ending backlog rose 2% to 4,398 homes worth $2,053.2 million, the first year-over-year increase in four years. (KB Home Form 10-Q, Q3 fiscal 2026, Oct 8, 2026; KB Home Q3 fiscal 2026 earnings release, Sep 22, 2026)

KB Home's diluted EPS fell to $1.05 from $1.61, on net income of $65.3 million against $109.8 million. Pretax income of $81.2 million included a $3.5 million gain on the sale of an equity investment in a privately held technology company, and inventory-related charges were $3.0 million, against $11.3 million a year earlier. (KB Home Q3 fiscal 2026 earnings release, Sep 22, 2026)

The effective tax rate was 19.6%, against 23.3%, mainly because of excess tax benefits from stock-based compensation. Selling, general and administrative expenses rose to 11.3% of housing revenues from 10.0% mainly due to a decrease in operating leverage. (KB Home Q3 fiscal 2026 earnings release, Sep 22, 2026)

KB Home's diluted weighted average shares fell to 61,759 thousand from 67,737 thousand. KB Home repurchased .9 million shares for $50.0 million in the quarter and 3.1 million shares for $175.0 million over nine months, leaving $725.0 million under its authorization. (KB Home Q3 fiscal 2026 earnings release, Sep 22, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

KB Home gives quarterly and full-year guidance in its release. For Q4 fiscal 2026 it expects deliveries of 3,000 to 3,500 homes, housing revenues of $1.45 billion to $1.65 billion and a housing gross profit margin of 16.0% to 16.6%, assuming no inventory-related charges. (KB Home Q3 fiscal 2026 earnings release, Sep 22, 2026)

For the full fiscal year it expects 10,500 to 11,000 deliveries, housing revenues of $4.90 billion to $5.10 billion and a housing gross profit margin of 16.0% to 16.2%. Executive Chairman Jeffrey Mezger said KB Home continues to expect full-year deliveries, housing revenues and margins to be within the ranges it last provided. (KB Home Q3 fiscal 2026 earnings release, Sep 22, 2026)

A consensus figure is the average of the models published by the analysts who cover KB Home, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones KB Home's own release and filings put weight on for Q3 fiscal 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning KBH is on is KBH a buy or a sell?, what analysts expect next is on the KBH forecast, and what the company does is on the KB Home (KBH) stock page.

Every number on this page can be traced to a document KB Home published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.