D.R. Horton Reports Q4 2026 Decline in Revenue and EPS Amid Rising Mortgage Rates
D.R. Horton (DHI) reported a challenging fourth quarter for fiscal 2026, characterized by a 2% decrease in consolidated revenue to $9.4 billion and a 12% decline in diluted earnings per share to $2.67. The company faced significant headwinds from rising mortgage rates and affordability constraints, which led to a 7% drop in net sales orders and an increase in the home cancellation rate to 23%. To navigate the cooling market, D.R. Horton aggressively managed inventory, reducing home starts by 45% sequentially. Despite these pressures, the company maintained strong liquidity with $7.2 billion available and increased its quarterly dividend by 11%. Looking ahead to fiscal 2027, management issued cautious guidance, anticipating continued margin pressure and lower absorption rates due to persistent economic headwinds.
Tickers: $DHI
Topics: earnings report home sales interest rates inventory management revenue decline
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Part of the story D.R. Horton Reports Q4 2026 Results and Outlines Strategy Amid High Mortgage Rates (5 articles)