earnings
confidence high
sentiment neutral
materiality 0.70
D.R. Horton Q2 EPS $2.24, net income down 20% YoY; updates FY2026 guidance, declares $0.45 dividend
HORTON D R INC /DE/
2026-Q2 EPS reported
$4.27
revenue$14,445,000,000
- Q2 net income $647.9M ($2.24 diluted EPS), down 20% vs prior year; pre-tax margin 11.5% above guidance high end.
- Home sales rev $7.0B on 19,486 closings; net orders up 11% to 24,992 homes; cancellation rate 16%.
- Repurchased 6.0M shares for $903.6M in Q2; remaining authorization $1.7B; declared $0.45/share quarterly dividend.
- Updated FY2026 guidance: consolidated revenue $33.5-34.5B, homes closed 86,000-87,500; reiterates share repurchases ~$2.5B.
- Pre-tax margins benefited 40bps in Q2 from favorable litigation outcome and lower warranty costs; unsold completed homes down 35% YoY.