Builders Firstsource

Q2 FY2026 EarningsQ2 FY26 results were mixed relative to consensus: net sales of $3.86B slightly missed the $3.92B expectation (-1.4%), while adjusted EPS of $1.17 fell short of the $1.26 normalized consensus. A lower housing starts environment drove an 8.8% YoY revenue decline and compressed gross margins by 260 bps to 28.1%. Management lowered full-year guidance, now projecting net sales of $14.0B–$14.8B and Adjusted EBITDA of $1.0B–$1.2B, reflecting a cautious outlook on second-half demand and affordability challenges.