SHARPE
Reported results
- Net income attributable to D.R. Horton for the fourth fiscal quarter was $741.8 million, or $2.67 per diluted share.
- Consolidated pre-tax income for the fourth fiscal quarter was $1.0 billion, with a pre-tax profit margin of 10.8%.
- Consolidated revenues for the fourth fiscal quarter were $9.4 billion.
- Home sales revenues for the fourth fiscal quarter were $8.4 billion on 22,915 homes closed.
- Fiscal 2026 net income attributable to D.R. Horton was $2.9 billion, or $10.11 per diluted share, on consolidated revenues of $33.0 billion.
- Cash provided by operations for fiscal 2026 totaled $3.5 billion.
Guidance
- Initial fiscal 2027 consolidated revenues in the range of $30.0 billion to $32.0 billion
- Initial fiscal 2027 homes closed by homebuilding operations of 79,000 homes to 84,000 homes
- Initial fiscal 2027 income tax rate of approximately 25.5%
- Initial fiscal 2027 consolidated cash flow provided by operations of approximately $3.5 billion
- Initial fiscal 2027 share repurchases of approximately $3.0 billion
- Initial fiscal 2027 dividend payments of approximately $500 million
Price and volatility reaction
The stock moved +2.5% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -5.1 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 143 | 2026-10-28 |
| Close after release | 146.53 | 2026-10-29 |
| Realised move | +2.5% | close to close |
| 30d ATM IV change | -5.1 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-29 (8-K, Item 2.02). Read the original filing on sec.gov.