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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Builders FirstSource (BLDR) is 1/10.
Builders FirstSource Q1 FY2026 saw revenue decline 10% to $3.3 billion as the Middle East conflict undermined what had been a promising spring selling season, pushing mortgage rates higher and sapping private builder confidence. Gross margin compressed 220 basis points to 28.3% with specialty product margins surprising to the downside, while adjusted EPS plunged 82% to $0.27. Management significantly lowered FY2026 guidance, cutting the EBITDA midpoint by 13% to $1.3 billion on weaker starts assumptions (down 2.5% vs prior flat) and flagging roughly $100 million in fuel cost headwinds only partially offset by pass-through pricing. Despite the challenging backdrop, the company leaned into strategic share gains through product bundling and opportunistically repurchased $303 million in shares at depressed valuations, while the $100 million cost action program remained on track with $13 million realized in Q1.
Scored from Builders FirstSource’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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On August 3, 2026, Gayatri Narayan was notified that she will be separated from her position as President, Technology and Digital Solutions of Builders FirstSource, Inc., effective August 14, 2026, subject to her execution and non-revocation of a separation agreement and general release of claims in favor of the company.
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $3.82B | -8.0% | $1.65 | -41.8% | 32.3% | 8.0% | 5.0% | $274M |
| FY2025 Q1 | $3.66B | -6.0% | $0.84 | -60.0% | 30.5% | 5.0% | 2.6% | $32M |
| FY2025 Q2 | $4.23B | -5.0% | $1.66 | -42.2% | 30.7% | 7.4% | 4.4% | $252M |
| FY2025 Q3 | $3.94B | -6.9% | $1.10 | -54.9% | 30.4% | 5.8% | 3.1% | $462M |
| FY2025 Q4 | $3.36B | -12.1% | $0.28 | -83.0% | 29.8% | 1.8% | 0.9% | $107M |
| FY2026 Q1 | $3.29B | -10.1% | $-0.43 | -151.2% | 28.3% | 0.5% | -1.4% | $41M |
| FY2026 Q2 | $3.86B | -8.8% | $-0.04 | -102.4% | 28.1% | 3.3% | -0.1% | $30M |