D.R. Horton, Inc.
D.R. Horton, Inc. Q2 FY26 Results — Earnings Call Analysis
Q2 FY26 earnings call: what management said on revenue, margins and capex.
What the Q2 FY26 call signalled
2 of 4 strong
The short version
- Q3 guidance: Consolidated revenues expected between $8.8 billion to $9.3 billion with 23,500 to 24,000 homes closed. - Earnings per diluted share for Q2 FY26 were $2.24, down from $2.58 in prior year quarter.
From D.R. Horton, Inc.'s Q2 FY26 earnings-call transcript · updated 29 May 2026.
Revenue & Sales Performance
- Q3 guidance: Consolidated revenues expected between $8.8 billion to $9.3 billion with 23,500 to 24,000 homes closed.
- Full year fiscal 2026: Revenues projected around $33.5 billion to $34.5 billion with 86,000 to 87,500 homes closed.
- Net sales orders increased 11% year-over-year in Q2; order value up 10%.
- Average active selling communities have grown 11% year-over-year, supporting volume growth.
- Q3 housing starts expected to be roughly flat or slightly down year-over-year, aligning with sales demand.
2 more points from D.R. Horton, Inc.'s call on revenue
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Profitability & Margins
See what D.R. Horton, Inc. said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The company pursued strategic investments in the North region by expanding presence in less penetrated markets through a combination of greenfield organic growth and acquisitions (Page 17).
- Focus on disciplined land acquisition with an emphasis on capital efficiency, working with third-party developers to adjust lot takedown schedules and development timing aligned with market demand (Page 11).
- Moderate growth in community count expected, with year-over-year increases in low double-digit percentages but anticipated moderation to mid-single-digit growth over time (Page 11).
2 more points from D.R. Horton, Inc.'s call on capex
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Fundraising & Capital Structure
See what D.R. Horton, Inc. said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Demand has been good and in line with normal seasonality through March and mid-April (Page 9).
- Cancellation rates have remained fairly stable, mostly due to buyers not qualifying for mortgages after full documentation (Page 17).
- Order ASP (Average Sales Price) stabilized at $366,000 in Q2, slightly up QoQ (Page 6).
2 more points from D.R. Horton, Inc.'s call on order book
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Continue your research
Others in Household Durables this season
- Toll Brothers, Inc. (Q2 FY26)
Toll Brothers, Inc. Q2 FY26 quarterly results analysis. Projected fiscal 2026 deliveries increased slightly, now expected between 10,400 and 10,700 homes (up 10
- Somnigroup International Inc. (Q2 FY26)
Somnigroup International Inc. Q2 FY26 quarterly results analysis. Full-year 2026 sales midpoint guidance is approximately $7.8 billion, slightly down from prior
- PulteGroup, Inc. (Q2 FY26)
PulteGroup, Inc. Q2 FY26 quarterly results analysis. PulteGroup expects continued strength in its core markets, with ongoing focus on move-up and active adult b
- Garmin Ltd. (Q2 FY26)
Garmin Ltd. Q2 FY26 quarterly results analysis. Garmin expects consistent growth in operating expenses, mainly driven by personnel expenses to support innovatio
Potential multibaggers · Q2 FY27
This quarter's potential multibaggers
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were D.R. Horton, Inc. Q2 FY26 results?
- Q3 guidance: Consolidated revenues expected between $8.8 billion to $9.3 billion with 23,500 to 24,000 homes closed. - Earnings per diluted share for Q2 FY26 were $2.24, down from $2.58 in prior year quarter.
What is D.R. Horton, Inc. share price analysis?
D.R. Horton, Inc. currently shows a neutral. The stock trades at a P/E of 13.7 with a market cap of $41,664. Investors should review the full earnings analysis for detailed insights.
Is D.R. Horton, Inc. planning capital expenditure?
- The company pursued strategic investments in the North region by expanding presence in less penetrated markets through a combination of greenfield organic growth and acquisitions (Page 17).
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.