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D.R. Horton: housing scale has to absorb rate, affordability and inventory risk
D.R. Horton reported fiscal first-half 2026 revenue of $14.45 billion, net income of $1.24 billion, cash of $1.92 billion and operating cash flow of $441.5 million. The thesis turns on orders, incentives, gross margin, land inventory and balance-sheet discipline.
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D.R. Horton: housing scale has to absorb rate, affordability and inventory riskD.R. Horton reported fiscal first-half 2026 revenue of $14.45 billion, net income of $1.24 billion, cash of $1.92 billion and operating cash flow of $441.5 million. The thesis turns on orders, incentives, gross margin, land inventory and balance-sheet discipline.NYSEJul 22, 20265 minReadSlides