๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข EPS: $3.20 (Est. $2.98) โ
โข Revenue: $9.20B (Est. $9.17B) โ
โข Pre-tax income: $1.2B
โข Pre-tax profit margin: 13.3%
โข Homes closed: 23,983, +4% YoY
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐
โข FY2026 revenue: $32.5Bโ33.0B
โข FY2026 homes closed: 83,800โ84,300
โข FY2026 operating cash flow: At least $3.0B
โข FY2026 share repurchases: Approximately $2.5B
โข FY2026 dividends: Approximately $500M
โ
๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Home sales revenue increased 1% to $8.7B while home closings rose 4% to the high end of guidance.
โข Repurchased 4.2M shares for $615.7M and returned $742.8M to shareholders through buybacks and dividends.
โข Net sales orders were flat at 23,084 homes as affordability challenges and elevated incentives continued to weigh on demand.
โ
๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
Management said the company continues to balance pace, pricing, incentives and inventory with discipline amid affordability constraints and cautious consumer sentiment. D.R. Horton believes its broad national footprint, flexible lot supply and strong balance sheet position it well to capture long-term housing demand.