D.R. Horton, Inc. (NYSE:DHI) shares rose Tuesday after the homebuilder reported fiscal second-quarter 2026 results, with earnings topping Wall Street expectations despite softer revenue.
D.R. Horton is an American home construction company based in Arlington, Texas. Since 2002, the company has been the largest homebuilder by volume in the United States.
Details
Net income attributable to the company was $647.9 million, or $2.24 per diluted share, down from $810.4 million, or $2.58 per share, a year earlier. Earnings per share exceeded the analyst estimate of $2.17.
Revenue declined to $7.558 billion from $7.734 billion in the prior-year quarter and missed the $7.601 billion consensus estimate. Consolidated pre-tax income was $867.4 million, with a pre-tax profit margin of 11.5%. Margins benefited by 40 basis points from lower warranty costs and a favorable litigation outcome.
Homebuilding Performance Weighs On Results
Homebuilding revenue fell 2% year over year to $7.1 billion. Homes closed increased 1% to …