Hovnanian Enterprises

Q3 FY2026 EarningsQ3 FY26 results missed consensus across key top and bottom-line metrics: revenue of $705.7M fell short of the $723.5M expected, while Diluted GAAP EPS of -$0.70 significantly missed the consensus of -$0.56. The variance was primarily driven by a 12.0% YoY decline in domestic home deliveries and increased financing concessions used to offset high mortgage rates. Despite these headwinds, gross margin of 11.8% beat the consensus of 10.5%, aided by a favorable geographic delivery mix in the West segment.