D.R. Horton is trading sharply higher as investors react to its fiscal second-quarter 2026 results and outlook update. The company posted adjusted EPS of $2.24 and updated fiscal 2026 revenue guidance to $33.5 billion to $34.5 billion, while also declaring a $0.45 quarterly dividend.

For the quarter, homebuilding revenue declined modestly year over year, but deliveries held up with homes closed up 1% to 19,486. Consolidated revenue was reported around $7.6 billion, and management emphasized significant capital returns, including roughly $903.6 million of share repurchases and $129.7 million of dividends during the quarter.

The report underscored that affordability constraints and cautious consumer sentiment remain in focus, with sales incentives expected to stay elevated and results sensitive to mortgage-rate moves. Still, updated full-year revenue guidance above many market expectations and ongoing buybacks are acting as a near-term tailwind for sentiment in the homebuilder group.