D.R. Horton Reports Q1 Earnings of $594.8M, Exceeds Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 21 2026
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Source: Benzinga
- Strong Earnings Performance: D.R. Horton reported a net income of $594.8 million for Q1 2026, translating to $2.03 per diluted share, exceeding the analyst estimate of $1.95 despite a 29.6% year-over-year decline.
- Slight Revenue Decline: The company generated $6.887 billion in revenue for the quarter, down 9.9% from $7.613 billion a year earlier, yet still surpassing the consensus estimate of $6.603 billion, indicating resilient market demand.
- Significant Shareholder Returns: Supported by robust cash flow, D.R. Horton returned $801.2 million to shareholders through buybacks and dividends during the quarter, highlighting the company's commitment to shareholder value.
- Positive Stock Reaction: Following the earnings announcement, D.R. Horton shares rose by 3.1% to $157.93, reflecting market recognition of the company's financial health.
Analyst Views on DHI
Wall Street analysts forecast DHI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DHI is 157.00 USD with a low forecast of 117.00 USD and a high forecast of 191.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
3 Buy
6 Hold
2 Sell
Hold
Current: 148.590
Low
117.00
Averages
157.00
High
191.00
Current: 148.590
Low
117.00
Averages
157.00
High
191.00
About DHI
D.R. Horton, Inc. is a homebuilding company. The Company constructs and sells homes through its operating divisions in 125 markets across 36 states. The Company’s segments include Homebuilding, Rental, Forestar, Financial Services, and Other. The Homebuilding divisions are primarily engaged in the acquisition and development of land and the construction and sale of residential homes. The Company’s rental segment consists of single-family and multifamily rental operations. The single-family rental operations construct and lease single-family homes within a community and then generally market each community for a bulk sale of rental homes. The Forestar segment is a residential lot development company with operations in 59 markets across 24 states. The Financial services segment provides mortgage financing and title agency services to homebuyers in many of the Company’s homebuilding markets. It also conducts insurance-related operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
