D.R. Horton Q4 2026 earnings miss EPS, revenue beats, margins compress and guidance lowered
D.R. Horton reported fourth‑quarter 2026 diluted EPS of $2.67, missing Wall Street estimates by about $0.34 per share, while revenue of $9.4 billion topped forecasts. The homebuilder’s gross margin fell to 19.5%, down 120 basis points sequentially, and its full‑year revenue of $33.0 billion declined 4% year‑over‑year. Management lowered fiscal 2027 revenue guidance to $30‑32 billion and projected 79,000‑84,000 home closings, both below consensus expectations.
Why it matters
The earnings miss and weaker margin outlook suggest lower profitability, which analysts responded to by cutting price targets. The reduced FY2027 guidance may pressure the stock as investors reassess growth expectations.
Key facts
- 1Q4 diluted EPS was $2.67, missing estimates by $0.34 per share. investing.com
- 2Q4 revenue was $9.4 billion, beating forecasts by 3.6%. investing.com
- 3Full‑year 2026 revenue was $33.0 billion, down 4% YoY. tradingview.com
- 4Full‑year 2026 net income was $2.9 billion, down 19% YoY. tradingview.com
- 5Home‑sales gross margin in Q4 was 19.5%, down 120 basis points sequentially. investing.com
- 6Backlog increased 8.1% YoY to $4.46 billion. finance.yahoo.com
Open questions
- Materials differ on the exact EPS miss amount: $0.33 vs $0.34.
Summary written by AlphAI AI Desk from 14 of 14 sources. Not investment advice. Figures are as stated by the linked sources.