U.S. COMPANY FILING
HORTON D R INC /DE/ — Form 10-Q filed 2026-07-23
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D.R. Horton's fiscal Q3 2026 (ended June 30, 2026) consolidated revenues were essentially flat at $9.2 billion, but pre-tax income decreased 10% to $1.2 billion, net income decreased 12% to $904.9 million, and diluted EPS was $3.20. For the nine months, revenues decreased 4% to $23.7 billion, net income decreased 20% to $2.1 billion. Home sales gross margin fell to 20.7% due to lower average prices and higher incentives. Demand was impacted by affordability constraints and cautious consumer sentiment, though orders increased slightly. Balance sheet remains strong with debt to total capital at 23.0%.
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