Century Communities (CCS) Q2 2026 earnings summary

Executive summary

• Delivered 2,506 homes in Q2 2026, generating $927.2 million in revenue, with net new home contracts of 2,615 and a record 330 open communities; home deliveries exceeded guidance despite macro headwinds and weak consumer sentiment.

• Net income for Q2 2026 was $36.1 million ($1.26 per diluted share), up 11% year-over-year and 50% sequentially; adjusted net income was $37.3 million ($1.30 per diluted share).

• Maintained strong liquidity of $802 million and stockholders' equity of $2.6 billion; repurchased 352,811 shares for $19.6 million at a significant discount to book value and paid a $0.32 per share dividend.

• National homebuilder with operations in 16 states and over 45 markets, focusing on affordable new homes and supported by strong demographic trends; 23 consecutive years of profitability.

• Two complementary brands: Century Communities (traditional) and Century Complete (100% spec, land-light, online-focused).

Financial highlights

• Total revenues for Q2 2026 were $927.2 million, with home sales revenues at $897.5 million and average sales price per home at $358,200.

• Homebuilding gross margin was 18.1%; adjusted gross margin (excluding interest and purchase price accounting) was 20.0%.

• Adjusted EBITDA for Q2 2026 was $78.2 million; EBITDA was $71.0 million.

• Financial services revenues were $25.4 million, with pre-tax income of $9.9 million.

• Book value per share reached a record $90.24 as of Q2 2026.

Outlook and guidance

• Raised full-year 2026 home delivery guidance to 9,750–10,500 homes and home sales revenues to $3.5–$3.8 billion.

• Q3 2026 deliveries expected between 2,500–2,700 homes, with further sequential increase in Q4.

• Average community count for 2026 projected to increase low to mid-single digits year-over-year.

• Land acquisition and development spend expected at $1–$1.2 billion for 2026.

• 2026 finished lot costs expected to increase only in the low single-digit percentage range over Q4 2025 levels.