D.R. Horton Q3 2026 Earnings Beat Despite Softer Full-Year Outlook
D.R. Horton beat Q3 2026 earnings expectations with $9.2B revenue and $3.15 EPS, but issued softer full-year guidance. The stock edged higher in pre-market trading.
Key Numbers
D.R. Horton (DHI) reported its fiscal third-quarter 2026 results, beating analyst estimates on both revenue and earnings, but provided a weaker outlook for the full year. The stock rose slightly in pre-market trading.
Key Financial Results
| Metric | Q3 2026 | Analyst Estimate |
|---|---|---|
| Revenue | $9.2B | $8.9B |
| Net Income | $1.1B | $1.05B |
| EPS | $3.15 | $3.00 |
| Home Closings | 23,500 | 23,000 |
Highlights from the Release
CEO David Auld said demand remains strong but higher interest rates are pressuring margins. The company is focusing on operational efficiency.
Forward Guidance
The company lowered its full-year 2026 home closing guidance to 90,000-92,000 from 95,000, and reduced its gross margin forecast.
Stock Reaction
DHI shares gained about 1.5% in pre-market trading, though analysts caution that the weaker guidance could limit upside.
What This Means for Investors
The results show that while the housing sector faces headwinds from high rates, D.R. Horton's execution remains solid. Investors should monitor rate trends and housing demand.
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