KB Home said it now expects annual gross profit margin of 16.0% to 16.2%, down from earlier guidance of 16.1% to 16.5%.

Q3 revenues and EPS met guidance despite a tough market, with a 20% revenue decline year-over-year and margins pressured by higher costs and softer demand. The built-to-order model drove operational efficiency, and full-year guidance remains intact, though Q4 expectations are moderated.

KB Home reported Q3 EPS of $1.05, consensus 88c, and revenue of $1.3B, consensus $1.3B. "We are operating in a housing market that continues to be challenging, with conditions weakening since our June earnings report," the company said.

The company repurchased $50.0 million of common stock. KB Home (NYSE: KBH) reported results on September 22, 2026.