D.R. Horton Q2 net income falls 20% to $647.9 million; updates revenue guidance
D.R. Horton reported fiscal second-quarter results for the quarter ended March 31, 2026, with net income attributable to the company down 20% from a year earlier and revenues of $7.6 billion. The company updated its fiscal 2026 consolidated revenue guidance to $33.5 billion to $34.5 billion and declared a $0.45 per share quarterly dividend. For shareholders, lower profit and revenue in the quarter are the key facts, while management said it remains on track to deliver results within its original fiscal 2026 guidance.
Key points
- Net income attributable to D.R. Horton fell 20% to $647.9 million, or $2.24 per diluted share, down 13% from a year earlier.
- Revenues were $7.6 billion versus $7.7 billion a year earlier; homes closed rose 1% to 19,486 and net sales orders rose 11% to 24,992.
- Updated fiscal 2026 guidance: consolidated revenues of $33.5 billion to $34.5 billion and 86,000 to 87,500 homes closed; reiterated tax rate, operating cash flow, share repurchase and dividend guidance.
- Quarterly dividend of $0.45 per share, payable May 14, 2026 to stockholders of record on May 7, 2026.
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 21, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.