NYSE$HOV

Hovnanian Enterprises Inc · Q1 2026 earnings

Q1 2026 earnings · · Before market open · Investor relations

Briefing

Hovnanian Enterprises reported Q1 2026, revenue of $632M, net income of $20.9M, diluted EPS of $2.62.

For Q1 2026, Hovnanian Enterprises reported revenue of $632M, net income of $20.9M, diluted EPS was $2.62. Management discusses segment performance, capital allocation, and macro risks in the quarterly filing.

  • Revenue $632M.
  • Net income $20.9M.
  • Diluted EPS $2.62.

Headline financials

Total Revenue

$632M

Previous: $674M-6.2%
EPS (adj)

$2.62

Previous: $3.58-26.8%
Total Contracts Incl. JVs

1.4K

Previous: 1.4K-2.5%
Total Contracts Value Incl. JVs

$747M

Previous: $771M-3.1%
Communities Incl. JVs

151

Previous: 148+2.0%
Contracts per Community Incl. JVs

9

Previous: 9.5-5.3%
Backlog Value Incl. JVs

$1.02B

Previous: $1.23B-17.1%
Homebuilding gross margin % before interest/land

13.4%

Previous: 18.3%-26.8%
Total SG&A

$84M

Previous: $86.9M-3.3%
SG&A as % of revenues

13.3%

Previous: 12.9%+3.1%
EBITDA

$60.7M

Previous: $71M-14.5%
Adjusted EBITDA

$63.1M

Previous: $72.1M-12.5%
Consolidated contracts

1.2K

Previous: 1.2K+3.1%
Consolidated communities

131

Previous: 125+4.8%
Contracts per community

9.5

Previous: 9.6-1.0%
Contract backlog $

$783M

Previous: $932M-16.0%
Cancellation rate

14.0%

Previous: 16.0%-12.5%
Land spending

$181M

Previous: $248M-27.0%
Total liquidity

$471M

No prior period
Controlled lots

35.6K

No prior period
QMIs

742

Previous: 1.2K-36.2%
Homebuilding gross margin %

10.1%

Previous: 15.2%-33.6%
Capital Expenditures

-$8.77M

Previous: -$3.69M-137.9%
Free Cash Flow

$132M

No prior period
Net Income

$20.9M

Previous: $28.2M-26.0%
Operating Income

$659M

Previous: $39.9M+1552.6%
Gross Profit

$632M

Previous: $98.4M+542.3%
Cash & Equivalents

$9.4M

No prior period
Total Assets

$2.73B

No prior period

Revenue & EPS history

Hovnanian · Revenue · Quarterly

$632M

Q1 2026-6.2%vs Q1 2025
Beat estimate in 8 of 11 quarters(73%)
ActualEstimate

Revenue by segment

Hovnanian · $668M total across 3 segments · Q2 2026

  • Sale of homes
    $604M
  • Land sales and other
    $40.1M
  • Financial services
    $23.4M

Forward guidance

The quarterly filing discusses operating priorities, capital returns, and sector risks; numeric multi-quarter bridges vary by issuer.

Tailwinds

  • MD&A highlights liquidity, capital, and core business trends.
  • Segment or product commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure near-term margins.
  • One-time items can affect year-over-year comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+1.0%

Avg return

Earnings day

+1.7%

Avg return

5 days after

-1.6%

Avg return

30 days after

48%

32 / 67 earnings

Positive

+53.3%

Q3 2019

Best reaction

-23.5%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+16.6%+13.6%+34.4%
Q1 2026+3.1%-1.6%-13.1%
Q4 2025-23.5%-25.6%-27.0%
Q3 2025-11.9%-5.3%-3.4%
Q2 2025-12.6%-17.2%-16.7%
Q1 2025-12.4%-16.3%-12.5%
Q4 2024-10.5%-11.8%-31.7%
Q3 2024+10.0%+6.6%+3.5%
Q2 2024-16.3%-17.5%-16.0%
Q1 2024-12.6%-11.4%-11.1%
Q4 2023+19.6%+40.6%+49.6%
Q3 2023+18.4%+24.9%+1.3%
Q2 2023-9.3%-4.7%+5.7%
Q1 2023-1.5%+3.6%-3.8%
Q4 2022-11.9%-6.0%-7.0%
Q3 2022+2.7%-2.7%-11.0%
Q2 2022+10.5%+16.2%-9.7%
Q1 2022-4.4%-12.3%-38.5%
Q4 2021+22.6%+9.3%+4.5%
Q3 2021+10.1%+7.5%-12.2%
Q2 2021-19.3%-21.0%-26.2%
Q1 2021+48.9%+34.4%+97.5%
Q4 2020-8.2%-13.0%-16.7%
Q3 2020-14.7%-16.3%+4.8%
Q2 2020+48.7%+59.3%+26.6%
Q1 2020-13.0%-36.6%-75.9%
Q4 2019+25.6%+29.0%-2.4%
Q3 2019+53.3%+84.7%+126.9%
Q2 2019-15.2%-15.7%-18.0%
Q1 2019+7.8%+1.7%-11.5%
Q4 2018+6.4%+0.0%-29.1%
Q3 2018+3.2%+10.4%+0.0%
Q2 2018-3.0%+0.0%-13.4%
Q1 2018-6.6%-5.3%-18.0%
Q4 2017+4.9%+7.5%-4.1%
Q3 2017-7.0%-6.5%+21.0%
Q2 2017-9.6%-9.2%+11.6%
Q1 2017-9.9%-7.9%-9.5%
Q4 2016+2.5%+9.8%+11.5%
Q3 2016-15.2%-16.2%-16.2%
Q2 2016-14.0%-8.3%-11.4%
Q1 2016-16.5%
Q4 2015+7.6%
Q3 2015+2.6%
Q2 2015-8.5%
Q1 2015-0.6%
Q4 2014+10.0%
Q3 2014+1.9%
Q2 2014-2.8%
Q1 2014-14.0%
Q4 2013+7.6%
Q3 2013+0.8%
Q2 2013+2.3%
Q1 2013-2.3%
Q4 2012-3.5%
Q3 2012-1.9%
Q2 2012+22.4%
Q1 2011+16.3%
Q1 2012+16.3%
Q4 2011+9.2%
Q2 2011+9.2%
Q4 2009+9.2%
Q3 2010-12.2%
Q4 2010-12.2%
Q3 2011-12.2%
Q2 2010-13.1%
Q1 2010+2.4%

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