Builders Firstsource
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Builders FirstSource (NYSE:BLDR) exceeds Q3 2026 expectations, stock soars
Building materials company Builders FirstSource (NYSE:BLDR) announced in Q3 2026, but revenue fell by 2.2% year on year to $3.85 billion. The company’s full-year revenue guidance of $14.4 billion at the midpoint came in 1.
Analyst Ryan Merkel said the outlook for the housing market has deteriorated significantly since William Blair initiated coverage of Builders FirstSource ( BLDR) in February. The average 30-year fixed mortgage rate has climbed to 7.4% from 5.98%, while housing starts have declined 9% and homebuilder confidence has weakened.
Builders FirstSource (ISIN US12008R1077) was downgraded by William Blair to Market Perform from Outperform on October 22, 2026, as the analyst firm cited a weaker housing outlook. The decision came before the company's scheduled third-quarter results on October 29, 2026, with consensus earnings per share at USD 1.13, according to Token Post.
