HOVHovnanian Enterprises, Inc. - Ordinary Shares - Class A
Compact View
Earnings Recap
• Reported GAAP EPS of -$0.46 down -117.42% YoY • Reported revenue of $667.64M down -2.74% YoY • For Q3 fiscal 2026, Hovnanian Enterprises expects total revenues between $650M and $750M, adjusted homebuilding gross margin between 14.0% and 15.0%, and adjusted EBITDA between $30M and $40M.
Bullish
Hovnanian Enterprises exceeded guidance for adjusted EBITDA and saw sequential gross margin improvement. The company maintained robust liquidity of $442.0 million and continued its land-light strategy, matching starts with sales pace.
Bearish
Hovnanian Enterprises experienced a net loss of $600K and reduced income before taxes, alongside a decline in homebuilding gross margins. The company also saw an increased contract cancellation rate and decreased backlog.
