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Jan 31
Hovnanian Q1 2026 Earnings Report
Hovnanian reported lower year-over-year revenue and profitability in Q1 2026, while maintaining strong liquidity and increasing community count.
Key Takeaways
Hovnanian generated $631952000 in total revenue in Q1 2026 and net income of $20859000, as homebuilding gross margin compressed year-over-year, partially offset by disciplined SG&A and strong liquidity of $471400000.
Total revenues were $631952000, down year-over-year.
Net income was $20859000 with diluted EPS of $2.62.
Homebuilding gross margin percentage declined to 10.1%.
Total liquidity remained strong at $471400000.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For Q2 fiscal 2026, the company expects total revenues between $625000000 and $725000000 and adjusted EBITDA between $30000000 and $40000000.
Positive Outlook
- Q2 total revenues expected between $625000000 and $725000000.
- Adjusted homebuilding gross margin expected between 13.0% and 14.0%.
- Adjusted EBITDA expected between $30000000 and $40000000.
- Management anticipates stronger second half performance.
- Improved recent contract activity in January and February.
Challenges Ahead
- Adjusted income before income taxes expected between breakeven and $10000000 for Q2.
- Challenging sales environment and cautious homebuyers.
- Margin pressure compared to prior year.
- Backlog dollars declined year-over-year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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