D.R. Horton reported third-quarter fiscal 2026 earnings of $3.20 per share, beating the Zacks Consensus Estimate of $2.99 by 7%, while revenues of $9.23 billion also surpassed the consensus mark of $9.19 billion by 0.5%. Earnings declined 4.8% year over year and revenues increased marginally, as higher home-closing volumes and resilient margins were offset by lower profitability, elevated incentives, and cautious consumer demand. The company trimmed its fiscal 2026 guidance, now expecting consolidated revenues of $32.5-$33 billion, down from $33.5-$34.5 billion previously, and homebuilding closings of 83,800 to 84,300 homes versus the earlier projection of 86,000-87,500 homes. D.R. Horton repurchased 4.2 million shares for $615.7 million and paid $127.1 million in cash dividends during the quarter, with $1.1 billion remaining under its repurchase authorization. The board declared a quarterly dividend of 45 cents per share.
DR Horton IncQ3 earnings beat but guidance cut for fiscal 2026, with lower revenue and closings projections.
