D.R. Horton reported a net income of $741.8 million and earnings per share of $2.67 for its fourth fiscal quarter of 2026. Despite the profit, the earnings per share fell short of analyst expectations, which were set at approximately $3.00. The company also announced an increase in its quarterly cash dividend to $0.50 per share. Looking ahead, D.R. Horton issued revenue guidance for fiscal year 2027 between $30.0 billion and $32.0 billion, which is lower than the market consensus of $33.7 billion.
Diluted earnings per share fell 12% year over year, while homebuilding revenue and new orders declined and the cancellation rate rose to 23% in the fourth quarter.
Read the full storyQuarterly revenue topped market estimates, but a decline in orders and higher cancellations sent shares down 4.2% after the results.
Net sales orders fell 7% in the fourth quarter, while annual net income declined 19% as affordability pressures persisted.