Builders FirstSource, Inc. is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: Builders FirstSource reported a sharp Q1 2026 earnings decline, swinging to a net loss of $47.4M on a 10.1% revenue drop to $3.29B, as margin compression and elevated SG&A costs overwhelmed the business amid a challenging housing market.
Drawn from management commentary in the Q1 2026 10-Q:
Total revenue fell 10.1% year-over-year to $3.29B in Q1 2026 from $3.66B in Q1 2025, reflecting continued softness in new residential construction and repair & remodel activity as elevated mortgage rates weighed on housing starts and demand.
Gross margin contracted 220 basis points to 28.3% from 30.5%, while operating margin collapsed to just 0.50% from 5.04% a year ago — a 450 bps decline — indicating that fixed cost deleveraging and pricing pressure are significantly outpacing any cost-reduction efforts.
SG&A expense of $912.5M declined only 2.0% YoY despite a 10.1% revenue drop, meaning SG&A as a percentage of revenue rose materially, directly driving the near-elimination of operating income ($16.5M vs. $184.4M prior year, down 91%).
Revenue
$3.29B
-10.13% YoY
EPS (Basic)
$-0.43
-150.59% YoY
Gross Margin
28.3%
-2.23% YoY
Operating Income
$16.52M
-91.05% YoY
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