D.R. Horton Q3 EPS Beats by 5%, Revenue Tops Estimates; Guides FY Revenue to $33B
DHI is trading near its 52-week low of $129.22 (11% above the low) on elevated volume (2.0× avg).
Summary
D.R. Horton delivered a solid Q3 beat with EPS of $3.20 vs. $3.04 consensus and revenue of $9.23B vs. $9.18B, despite a 12% drop in net income. The cancellation rate ticked up to 20% from 17%, and management flagged affordability headwinds and cautious buyers, signaling the beat came from pricing and closings rather than demand recovery. The company repurchased $615.7M in shares during the quarter, reinforcing capital return discipline. FY2026 revenue guidance of $32.5B-$33.0B and home closings of 83,800-84,300 provide a clear baseline, though elevated sales incentives will pressure margins. This follows a Q2 that showed declining revenues and an upsized repurchase facility, making the Q3 beat a positive surprise against a softening backdrop.
At the time of this announcement, DHI was trading at $143.80 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $41.1B. The 52-week trading range was $129.22 to $184.55. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.