Hovnanian Enterprises, Inc. Reports Fiscal 2026 Second Quarter Results

Hovnanian Enterprises, Inc. announced its fiscal 2026 second quarter financial results, reporting total revenues of $667.6 million, a slight decrease from the prior year. The company experienced a net loss of $0.6 million, or $0.46 per diluted share, compared to a net income of $19.7 million in the same period last year. EBITDA was $32.3 million, and Adjusted EBITDA was $41.1 million. Domestic contracts increased by 1.0% year-over-year. Total liquidity remained strong at $442.0 million. The company noted sequential improvement in gross margins during the quarter. For the third quarter of fiscal 2026, Hovnanian expects total revenues between $650 million and $750 million, with adjusted EBITDA projected to be between $30 million and $40 million. Management cited a choppy sales environment and geopolitical tensions impacting buyer hesitation but expressed optimism for a significant step-up in performance in the fourth quarter.