D.R. Horton reports lower fiscal 2026 earnings and raises dividend

D.R. Horton’s fiscal 2026 net income fell 19% to $2.9 billion, or $10.11 per diluted share, on revenue of $33.0 billion; fourth-quarter net income declined 18% to $741.8 million, or $2.67 per share. The homebuilder raised its quarterly dividend 11% to $0.50 per share, payable November 19, 2026, and forecast fiscal 2027 revenue of $30.0 billion to $32.0 billion and 79,000 to 84,000 home closings, citing higher mortgage rates and affordability pressure.