D.R. Horton falls after forecasting lower quarterly home sales margin

D.R. Horton

20/01/2026 15:11

Updates

** Shares of homebuilder D.R.Horton DHI.N down 1% at $154.6 in morning trading

 ** DHI executive says home sales gross margin to be lower in Q2 compared to Q1

 ** Expects to generate consolidated revenues in the range of $7.3 billion to $7.8 billion in Q2

** DHI posts Q1 revenue of $6.89 billion, beating Wall Street's estimate of $6.60 billion, as its incentive offers for buyers and the Federal Reserve's interest-rate cuts boosted home sales

** Q1 profit of $2.03 per share, vs estimates of $1.93 per share - data compiled by LSEG

** DHI repurchased 4.4 million shares of common stock for $669.7 million during the quarter

** DHI gained 3% in 2025

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))