D.R. Horton Q3 revenue, EPS top estimates
DHI•Outlook
- D.R. Horton sees fiscal 2026 consolidated revenues of $32.5 bln to $33.0 bln
- Company expects homes closed in fiscal 2026 of 83,800 to 84,300
- D.R. Horton says affordability constraints and cautious consumer sentiment continue to impact demand
- Co expects sales incentives to remain elevated in response to market conditions
Overview
- U.S. homebuilder's fiscal Q3 revenue slightly beat analyst expectations, rising 1% yr/yr
- Adjusted EPS for fiscal Q3 beat analyst expectations, but net income fell 12% yr/yr
- Company repurchased $615.7 mln in shares during the quarter
Result drivers
- Increased cancellation rate - Q3 cancellation rate rose to 20% from 17% in prior year quarter
Company press release: ID:nBw8k6Cw5a
Key details and analyst coverage
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q3 Revenue | Slight Beat* | $9.23 bln | $9.18 bln (12 Analysts) |
| Q3 EPS | Beat |
