D.R. Horton reported results for the 2026 quarter with revenue roughly flat at $9.23B, net income of $904.9M and diluted EPS of $3.2, compared with $9.23B, $1.02B and $3.36 in the prior-year quarter.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$9.23B$9.23B0% | Net income²$904.9M$1.02B(11.7%) | Diluted EPS³$3.2$3.36(4.8%) |
¹ Reported as “Revenues”. ² Reported as “Net income attributable to D.R. Horton, Inc.”. ³ Reported as “Diluted income per share attributable to D.R. Horton, Inc.”.
Business Highlights
- Revenue trend and volume: Home sales revenue down about 3–4% year-to-date, with closings roughly stable at about 61.3k homes and a slight quarter-over-quarter uptick in sales versus the prior-year quarter.
- Channel and product mix: Approximately 85% of closings were single-family detached homes; rentals and Forestar lot sales continue to contribute to channel diversification.
- Pricing and incentives: Average selling price down about 2% year-to-date; management is maintaining elevated buyer incentives, including rate buydowns, to support affordability.
- Land strategy and inventory: About 78% of lots are controlled via purchase contracts, with a focus on finished lots from Forestar and external developers; homes in inventory are around 38k with starts managed to local demand.
Original SEC Filing:
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