D.R. Horton reported third-quarter fiscal 2026 consolidated revenue of $9.2 billion and net income attributable to the company of $904.9 million, or $3.20 per diluted share. Consolidated pre-tax income was $1.2 billion with a pre-tax profit margin of 13.3%. The company repurchased 4.2 million shares during the quarter and declared a quarterly dividend of $0.45 per share.

Financial Highlights

  • Consolidated revenues: $9.2 billion for the three months ended June 30, 2026.
  • Net income attributable to D.R. Horton: $904.9 million for the quarter; diluted EPS: $3.20.
  • Consolidated pre-tax income: $1.226 billion for the quarter; pre-tax profit margin: 13.3%.
  • Nine-months net income attributable to D.R. Horton: $2,147.6 million; diluted EPS: $7.45 for the nine months ended June 30, 2026.
  • Cash provided by operations (nine months): $880.8 million; total liquidity at quarter end: $6.1 billion.

Business Highlights

  • Homebuilding revenue increased 1% year-over-year to $8.7 billion for the quarter; homes closed rose 4% to 23,983 units.
  • Net sales orders for the quarter totaled 23,084 homes with an order value of $8.4 billion; cancellation rate increased to 20% from 17% a year earlier.
  • Homebuilding pre-tax income was $1.0666 billion for the quarter with a home sales gross margin implied by reported home sales cost of sales and revenues; homebuilding ROI for the trailing twelve months was 17.0%.
  • Segment performance: Rental operations sold 601 single-family rental homes and 339 multi-family units (revenues $266.1 million); Forestar sold 3,659 lots (revenues $407.0 million); Financial Services generated $220.7 million of revenue with pre-tax income of $70.3 million.
  • Inventory and land position: 38,000 homes in inventory (23,300 unsold) and a total homebuilding land/lot position of 568,500 owned and controlled lots as of June 30, 2026.

Original SEC Filing:

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