KB Home — Jun 23, 2026 release

◦ Based on the Company’s approximately 61.3 million outstanding shares as of May 31, 2026, book value per share of $61.93 increased 6% year over year. Guidance The Company is providing the following guidance for its 2026 third quarter and full year as to certain metrics: 2026 Third Quarter — • Deliveries in the range of 2,600 to 2,800 homes. • Housing revenues in the range of $1.20 billion to $1.35 billion. • Housing gross profit margin in the range of 16.0% to 16.6%, assuming no inventory-related charges. • Selling, general and administrative expenses as a percentage of revenues in the range of 11.3% to 11.9%. • Effective tax rate in the range of 19% to 21%. • Ending community count in the range of 270 to 280. 2026 Full Year — • Deliveries in the range of 10,500 to 11,000 homes. • Housing revenues in the range of $4.90 billion to $5.30 billion. • Housing gross profit margin in the range of 16.1% to 16.5%, assuming no inventory-related charges. • Selling, general and administrative expenses as a percentage of revenues in the range of 11.4% to 11.8%. • Effective tax rate in the range of 22% to 24%. Conference Call The conference call to discuss the Company’s 2026 second quarter earnings will be broadcast live TODAY at 2:00 p.m. Pacific Time, 5:00 p.m. Eastern Time. To listen, please go to the Investor Relations section of the Company’s website at kbhome.com . About KB Home KB Home is one of the largest and most trusted homebuilders in the United States. We operate in 50 markets, have built over 700,000 quality homes i