Beazer Homes USA, Inc. Q2 Fiscal 2026 Earnings Release

Beazer Homes USA, Inc. reported a net loss of $0.9 million for the second quarter of fiscal year 2026, a significant decrease from a net income of $12.8 million in the prior year quarter. Adjusted EBITDA also fell to $2.6 million from $38.8 million year-over-year. Homebuilding revenue declined by 28.5% to $397.7 million, primarily due to a 29.8% decrease in home closings, though the average selling price (ASP) saw a slight increase of 2.0%. The homebuilding gross margin decreased to 12.0% from 15.1% in the prior year quarter. Net new orders were down 4.6% to 1,048, with a decrease in orders per community per month. The company repurchased $30.0 million of its common stock during the quarter. Despite a challenging macroeconomic environment with rising mortgage rates and inflation impacting consumer sentiment, Beazer Homes is focusing on margin improvement catalysts and managing its balance sheet. The company also highlighted its commitment to sustainability, receiving RESNET awards for energy efficiency and its Top Workplaces USA recognition.