Cavco Industries stock draws focus after record fiscal Q2 revenue

Published on 11/09/2026 at 03:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cavco Industries stock is in focus after fiscal second-quarter revenue reached USD 656.4 million. Backlog rose to USD 348 million.

Quarterly growth and margin pressure

Revenue growth was driven by higher factory-built home sales and average selling prices.
Factory-built housing margins narrowed, while financial services margins improved year over year.
Management cited emerging data-center workforce housing orders as a contributor to the backlog.

CVCO, US1495681074, Illustration mit AI erstellt.

Cavco Industries reported fiscal second-quarter results on October 29, 2026, for the quarter ended September 26. According to RVBusiness, net revenue rose 17.9 percent year over year to USD 656.4 million, while diluted earnings per share increased to USD 7.17 from USD 6.55.

Revenue growth meets mixed margins

Factory-built home sales increased 15.3 percent, and capacity utilization held at approximately 75 percent. Factory-built housing gross profit as a percentage of revenue declined to 21.1 percent from 22.9 percent a year earlier, reflecting continued cost pressure. Financial services gross profit as a percentage of revenue improved to 60.2 percent from 55.6 percent.

Income before income taxes rose 9.1 percent to USD 73 million. Net income per diluted share included a favorable USD 0.70 effect from a one-time USD 7 million return of insurance premiums, making the underlying quarter less comparable with the prior-year period.

Backlog points to seasonal resilience

Backlog reached USD 348 million at quarter-end, up from USD 298 million sequentially and equivalent to approximately eight to ten weeks of production. Chief Executive Officer Bill Boor said orders were below the preceding quarter pace but remained healthy as the company entered the seasonally slower winter period.

Cavco also reported initial data-center workforce housing orders and shipments during the quarter. That demand could broaden the mix of applications for factory-built structures, although the company did not quantify its contribution to backlog.

Cavco's business and competitors

Cavco Industries designs and builds manufactured homes, modular homes, commercial buildings, park model RVs and vacation cabins in the United States. It also provides insurance through Standard Casualty and homebuyer financing through CountryPlace Mortgage, and operates company-owned retail stores alongside its production lines. A market overview from MarketsNXT places Cavco and Skyline Champion among the leading factory-built housing producers, with Clayton Homes as another major U.S. competitor.