D.R. Horton Q3 revenue holds at $9.2 billion

• D.R. Horton reported $9.2 billion in Q3 revenue, $904.9 million in net income and diluted earnings of $3.20 per share.
• The company’s shares fell 3.1% to $144.79 in premarket trading following the results.
• D.R. Horton forecast fiscal 2026 revenue of $32.5–$33 billion and said fourth-quarter sales incentives should remain elevated.

D.R. Horton (NYSE:DHI) reported fiscal Q3 revenue of $9.2 billion as home closings rose 4% to 23,983.

Revenue was nearly unchanged from $9.23 billion last year, while net income fell 12% to $904.9 million.

D.R. Horton forecast $32.5–$33 billion in fiscal 2026 revenue, repurchased $615.7 million of shares and declared a $0.45 dividend.

Following the announcement, D.R. Horton's share price was down 3.1% at $144.79 in premarket trading.

The company ended the quarter with 38,000 homes in inventory, including 23,300 unsold homes and 7,600 completed unsold homes.

D.R. Horton operates in 126 markets across 36 states and also provides rental, mortgage, title, insurance and lot-development services.