D.R. Horton Q2 Revenue In Line, Full-Year Guidance Misses
D.R. Horton (DHI) reported Q2 CY2026 revenue of $9.23 billion, in line with estimates but flat year over year. Full-year revenue guidance of $32.75 billion missed analysts' expectations by 3.1%. GAAP EPS of $3.20 beat consensus by 7.2%.
Key Numbers
Homebuilder D.R. Horton (NYSE:DHI) reported Q2 CY2026 results with revenue of $9.23 billion, meeting Wall Street estimates but flat compared to the same period last year. However, the company's full-year revenue guidance of $32.75 billion (midpoint) came in 3.1% below analysts' expectations. GAAP earnings per share of $3.20 exceeded consensus estimates by 7.2%.
Key Financial Results
| Metric | Q2 CY2026 | vs. Estimates |
|---|---|---|
| Revenue | $9.23B | In line (flat YoY) |
| GAAP EPS | $3.20 | Beat by 7.2% |
| Full-Year Revenue Guidance | $32.75B | Miss by 3.1% |
Highlights from the Report
The company noted that housing demand remains strong but faces challenges from rising material costs and labor shortages. Management emphasized cost control and margin improvement initiatives.
Future Guidance
D.R. Horton issued full-year fiscal 2026 revenue guidance of $32.75 billion (midpoint), below the analyst consensus of $33.8 billion. No specific Q3 guidance was provided.
Stock Impact
The article did not specify the stock's reaction post-announcement. However, the disappointing guidance may pressure the stock in the near term, while the EPS beat could provide some support.
What This Means for Investors
D.R. Horton's results present a mixed picture: flat revenue and a strong EPS beat, but weak full-year guidance raises concerns about growth prospects. Investors should monitor housing market trends and input costs to assess the company's ability to improve performance.
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