Hovnanian Q2 net loss of $0.6 million, or $0.46 per share, versus prior-year profit
Hovnanian reported preliminary fiscal second-quarter 2026 results for the period ended April 30, 2026, with revenue of $667.6 million, down from $686.5 million a year earlier. The company posted a net loss of $0.6 million, compared with net income of $19.7 million in the prior-year quarter, as homebuilding margins fell. It also issued third-quarter guidance, which points to revenue of $650 million to $750 million and adjusted EBITDA of $30 million to $40 million.
Key points
- Q2 revenue of $667.6 million, versus $686.5 million a year earlier; the company said this was within its guidance range.
- Net loss of $0.6 million, or $0.46 per diluted share, versus net income of $19.7 million, or $2.43 per diluted share, a year earlier.
- Homebuilding gross margin percentage, after cost of sales interest and land charges, was 10.2%, versus 13.8% a year earlier.
- Third-quarter fiscal 2026 guidance: total revenues of $650 million to $750 million and adjusted EBITDA of $30 million to $40 million.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 21, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.