D.R. Horton, Inc. (NYSE:DHI) reported mixed fiscal 2026 first-quarter results on Tuesday, posting lower year-over-year earnings and revenue while exceeding Wall Street expectations on both measures. The homebuilder generated solid cash flow and returned significant capital to shareholders while navigating affordability pressures and cautious consumer sentiment.
Net income attributable to D.R. Horton totaled $594.8 million, or $2.03 per diluted share, for the three months ended Dec. 31, 2025, compared with $844.9 million, or $2.61 per diluted share, in the prior-year quarter. Earnings per share exceeded the $1.95 analyst estimate.
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.
Revenue was $6.887 billion, down from $7.613 billion a year earlier. Sales also exceeded expectations, surpassing the $6.603 billion consensus estimate.
Consolidated pre-tax income was $798.1 million, producing a pre-tax profit margin of 11.6%. First-quarter consolidated pre-tax profit margin and home sales …