Hovnanian Reports Q2 FY2026 Results; Met Guidance with 10.2% Gross Margin

Hovnanian Enterprises reported fiscal 2026 second quarter revenues of $667.6 million, meeting guidance despite a 2.8% year-over-year decline, with homebuilding gross margins at 10.2% after reaching a first quarter trough. The company maintains $442 million in total liquidity well above target range, though margins compressed compared to the prior year's 13.8%.