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Sentiment · FY2026 Q3
As of FY2026 Q2, the Tellvest earnings-call sentiment score for D. R. Horton (DHI) is 2/10.
Revenue declined 2% to $7.6 billion with EPS down 13% to $2.24 as net sales orders surged 11% year-over-year, signaling demand recovery, but incentives remained elevated at approximately 10% of revenues. FY2026 guidance top end was reduced from $35 billion to $34.5 billion on lower closings and average selling prices. Stick and brick cost savings began flowing through while completed spec inventory declined 35% from a year ago.
Scored from D. R. Horton’s FY2026 Q2 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $10.00B | -4.8% | $3.92 | -11.9% | 25.5% | 16.6% | 12.8% | $1.93B |
| FY2025 Q1 | $7.61B | -1.5% | $2.61 | -7.4% | 25.1% | 13.6% | 11.1% | $633M |
| FY2025 Q2 | $7.73B | -15.1% | $2.58 | -26.7% | 24.6% | 12.9% | 10.5% | $-471M |
| FY2025 Q3 | $9.23B | -7.4% | $3.36 | -18.0% | 23.9% | 13.7% | 11.1% | $693M |
| FY2025 Q4 | $9.68B | -3.2% | $3.04 | -22.4% | 21.7% | 11.6% | 9.4% | $2.43B |
| FY2026 Q1 | $6.89B | -9.5% | $2.03 | -22.2% | 23.2% | 10.6% | 8.6% | $827M |
| FY2026 Q2 | $7.56B | -2.3% | $2.24 | -13.2% | 22.5% | 10.6% | 8.6% | $-450M |
| FY2026 Q3 | $9.23B | +0.0% | $3.18 | -5.4% | 23.3% | 13.3% | 9.8% | $504M |