The stock is likely to decline due to the significant earnings and revenue miss, despite positive commentary on sales orders and maintained guidance. Monitor management's discussion on the conference call for any changes in outlook on margins or incentives, which were cited as ongoing challenges.
Price Chart
Executive Summary
D.R. Horton reported Q2 2026 EPS of $2.24, missing consensus of $2.77 by 19.2%, on revenue of $7.56 billion, below estimates of $9.01 billion. While net sales orders rose 11% and the company reaffirmed full-year guidance, the significant miss on both earnings and revenue, driven by a 19% decline in homebuilding pre-tax income, outweighs positive metrics.
Key Financial Metrics
Key Facts
- Reported EPS of $2.24 missed consensus of $2.77 by 19.2%.
- Reported revenue of $7.56 billion missed consensus of $9.01 billion.
- Homebuilding pre-tax income decreased 19% to $757.9 million.
- Net sales orders increased 11% to 24,992 homes, and the company reaffirmed its fiscal 2026 guidance.
Financial Impact
EPS miss of $0.53 and revenue miss of $1.45 billion
Risk Factors
- Affordability constraints and cautious consumer sentiment continue to impact demand.
- Sales incentives are expected to remain elevated, which could pressure future margins.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000882184-26-000062 |
| Document: dhi-20260421.htm | 0000882184-26-000062 |
| Document: 0000882184-26-000062-index-headers.html | 0000882184-26-000062 |
| Document: 0000882184-26-000062-index.html | 0000882184-26-000062 |
| Document: 0000882184-26-000062.txt | 0000882184-26-000062 |
| 8-K Data (Synthetic) | 0000882184-26-000062 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 21, 2026 10w ago | 8-K | $143.52 $145.68 | ▼ −1.50% | ▲ +1.06% | $135.58 (+5.53%) |
May 12, 2026 20w ago | 8-K | $143.25 $146.71 | ▲ +2.42% | ▲ +4.14% | $135.58 (−5.35%) |
Apr 21, 2026 23w ago | 8-K | $161.87 $137.49 | ▲ +15.06% | ▲ +19.97% | $135.58 (+16.24%) |
Apr 20, 2026 23w ago | Court Ruling | $153.16 $137.39 | ▼ −10.30% | ▼ −14.50% | $135.58 (−11.48%) |
Feb 28, 2026 30w ago | Institutional Cluster | $154.26 $132.53 | ▼ −14.08% | ▼ −6.15% | $135.58 (−12.11%) |
US Market Status
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