Hovnanian Enterprises (HOV) reported fiscal 2026 third-quarter revenue of $705.7 million, down from $800.6 million a year earlier. The company recorded a net loss available to common stockholders of $4.5 million, or $0.70 per diluted common share, for the quarter ended July 31, 2026.
Consolidated domestic contract backlog rose 5.1% year over year to $881.9 million, while consolidated domestic contracts declined 4.6% to 1,155 homes. Hovnanian projected fourth-quarter revenue of $800 million to $900 million.
- Total revenue was $705.7 million, compared with $800.6 million in the prior-year quarter.
- GAAP net loss was $2.2 million; net loss available to common stockholders was $4.5 million.
- Basic and diluted loss per common share were both $0.70.
- Homebuilding gross margin was 11.8%, compared with 11.7% a year earlier.
- Total liquidity was $379.8 million as of July 31, 2026.
- Fourth-quarter guidance calls for adjusted EBITDA of $50 million to $65 million.
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