D.R. Horton Q3 EPS $3.20, down 5% YoY; net income $904.9M; declares $0.45 dividend

HORTON D R INC /DE/

Net income $904.9M ($3.20 diluted EPS), down 12% and 5% YoY; consolidated revenue $9.2B.
Home sales revenue $8.7B (+1%), homes closed 23,983 (+4%); net sales orders 23,084 (flat), cancellation rate 20% vs 17%.
Updated FY2026 guidance: revenue $32.5B-$33.0B, homes closed 83,800-84,300; reiterates $3.0B+ cash from ops, $2.5B buybacks, $500M dividends.
Declared quarterly dividend $0.45/share, payable Aug 13, 2026 to holders of record Aug 6, 2026.
Repurchased 4.2M shares for $615.7M in Q3; YTD repurchases 14.6M shares for $2.2B; remaining authorization $1.1B.

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