D.R. Horton Inc. (DHI)

The company now

D.R. Horton reported on 29 October 2026 that net income attributable to the company for fiscal 2026 fell 19 percent to $2.9 billion, or $10.11 per diluted share, on revenues of $33.0 billion 1. The fourth quarter was weaker, with net income down 18 percent to $741.8 million and net sales orders down 7 percent to 18,619 homes 1.

Executive Chairman David Auld said housing conditions became more challenging as rising mortgage rates, affordability limits and cautious consumer sentiment pressured demand, and that the company adjusted incentives, pricing and starts community by community 1. The company expects incentives to remain elevated in fiscal 2027 1.

For fiscal 2027 the company guided to revenues of $30.0 billion to $32.0 billion and 79,000 to 84,000 homes closed 1. Its Board raised the quarterly dividend 11 percent to $0.50 per share, and on 15 September 2026 it approved another $5.0 billion of share repurchases 13.

The open question is how long higher incentives keep margins lower: pre-tax profit margin was 10.8 percent in the fourth quarter and 11.8 percent for the year 1. On 22 October 2026 the Board also added Carl Reichardt as an independent director, bringing it to nine members 2.

As of Oct 30, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.