Champion Homes (SKY) Q2 2027 earnings summary

Executive summary

• Q2 FY27 net sales rose 6.2% YoY to $727.0M; U.S. homes sold increased 2.3%, while manufacturing orders grew 17%.

• Attributable net income fell to $52.7M from $58.2M, as lower gross margins pressured operating results.

• Backlog reached $500.2M at September 26, 2026, up from $313.2M a year earlier.

Financial highlights

• Q2 gross profit was $185.6M vs. $187.9M; operating income was $65.8M vs. $74.8M, and diluted EPS was $0.97 vs. $1.03 YoY.

• Adjusted gross profit was $185.3M, with a 25.5% adjusted gross margin; adjusted EBITDA was $76.6M vs. $83.4M and adjusted diluted EPS was $0.95 vs. $1.02.

• H1 FY27 sales rose 3.7% to $1.437B; attributable net income was $101.8M vs. $122.9M and adjusted EBITDA was $150.2M vs. $177.5M.

• H1 gross profit was $364.9M vs. $377.8M; operating income was $126.1M vs. $153.3M, and diluted EPS was $1.86 vs. $2.15.

Outlook and guidance

• Q3 FY27 revenue growth guidance is 8%-10% YoY, supported by backlog; it includes Homes Direct and excludes Timberline.

• Q3 adjusted gross margin is expected at 24%-25%, with adjusted SG&A at 16%-17% of net sales.

• October digital and showroom traffic was steady, with constructive channel trends and healthy backlog; input-cost pressures are expected to persist.

• Strategy prioritizes utilization and profitability improvements, measured manufacturing and retail expansion, and affordable housing solutions.