D.R. Horton's second quarter 2026 EPS beats as net sales orders grow a stronger-than-expected 11%.

D.R. Horton reported second quarter fiscal 2026 revenues of $7.6 billion and EPS of $2.24, beating analyst EPS estimates of $2.15 but slightly missing on revenue. The company saw strong demand momentum, with a significant year-over-year increase in homes ordered, even as it navigates affordability constraints with sales incentives.

Key Highlights

• Net sales orders rose 11% year-over-year to 24,992 homes, surpassing analyst expectations of approximately 23,830 and indicating resilient demand.
• The company reported a consolidated pre-tax profit margin of 11.5%, which management noted was above the high end of its guidance range.
• D.R. Horton returned $1.0 billion to shareholders during the quarter, consisting of $903.6 million in share repurchases and $129.7 million in dividends.