secwatch.observer — SEC 8-K summary
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Issuer:     HORTON D R INC /DE/ (DHI)
CIK:        0000882184
Form:       8-K
Filed at:   2026-04-21T23:59:59+00:00
Accession:  0000882184-26-000062
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

D.R. Horton Q2 EPS $2.24, net income down 20% YoY; updates FY2026 guidance, declares $0.45 dividend
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/882184/000088218426000062/0000882184-26-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/882184/000088218426000062/dhi-20260421.htm
  HTML page:      https://secwatch.observer/filing/0000882184-26-000062

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