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D.R. Horton Reports 20% Income Drop Despite Sales Surge

4/21/2026

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Summary

Story summary

D.R. Horton, Inc. reported a 20% decline in net income for the second quarter of fiscal 2026 to $647.9 million, with diluted EPS of $2.24.
Consolidated revenues were $7.6 billion, led by home sales revenue of $7.045 billion from 19,486 homes closed.
Net sales orders rose 11% to 24,992 homes valued at $9.2 billion and the company ended with 38,200 homes in inventory and guided 86,000–87,500 closings with at least $3 billion in cash flow.

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Story summary

D.R. Horton, Inc. reported a 20% decline in net income for the second quarter of fiscal 2026 to $647.9 million, with diluted EPS of $2.24.
Consolidated revenues were $7.6 billion, led by home sales revenue of $7.045 billion from 19,486 homes closed.
Net sales orders rose 11% to 24,992 homes valued at $9.2 billion and the company ended with 38,200 homes in inventory and guided 86,000–87,500 closings with at least $3 billion in cash flow.