Filing Flows › Horton D R (DHI) › Guidance & outlook
Horton D R (DHI) guidance and outlook
Horton D R (DHI) initiated its guidance on Oct 29, 2026: Revenue $30.0B–$32.0B for FY2027; Tax rate 25.5% for FY2027. Horton D R's 10-Q filed Jul 23, 2026 makes 18 forward-looking statements, 0 of them new and 1 no longer said since the filing before.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | FY2027 | $647M | new |
| Revenue | FY2027 | $30.0B–$32.0B | new |
| Tax rate | FY2027 | 25.5% | new |
From the earnings release filed Oct 29, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Jul 23, 2026
- updated · We currently expect sales incentives to remain elevated during the remainder of fiscal 2026 and into fiscal 2027, and we will continue to adjust incentive levels based on changes in market conditions and mortgage interest rates.
- We plan to continue to generate strong cash flows from our operations and manage our product offerings, incentives, home pricing, sales pace and inventory levels to optimize the return on our inventory investments in each of our communities based on local housing market conditions.
- We believe our operating strategy, which has produced positive results in recent years, will allow us to successfully operate through changing economic conditions and maintain our strong financial performance and competitive position.
- However, we cannot provide any assurance that the initiatives listed above will continue to be successful, and we may need to adjust parts of our strategy to meet future market conditions.
- updated · As of June 30, 2026, our homebuilding operations had $31.7 million of land held for sale that we expect to sell in the next twelve months.
- At the end of each quarter, we review the performance and outlook for all of our communities and land inventories for indicators of potential impairment and perform detailed impairment evaluations and analyses when necessary.
- updated · During the three and nine months ended June 30, 2026, earnest money and pre-acquisition cost write-offs related to our homebuilding segment’s land purchase contracts that we have terminated or expect to terminate were $17.3 million and $50.0 million, respectively, compared to $36.0 million and $69.9 million in the prior year periods.
- We attempt to control our homebuilding SG&A costs while ensuring that our infrastructure adequately supports our operations; however, we cannot make assurances that we will be able to maintain or improve upon the current SG&A expense as a percentage of revenues.
- We routinely enter into contracts to purchase land or developed residential lots at predetermined prices on a defined schedule commensurate with planned development or anticipated new home demand.
- We will continue to evaluate both the positive and negative evidence in determining the need for a valuation allowance with respect to our remaining state NOL and tax credit carryforwards.
- Over the long term, we intend to maintain our ratio of debt to total capital around 20%.
- We expect that our performance obligations secured by these letters of credit and bonds will generally be completed in the ordinary course of business and in accordance with the applicable contractual terms.
Horton D R's latest quarter
Horton D R, Q4 FY26: revenue $9.4B (-3% year over year), operating margin 10.8%, net earnings $742M, operating cash flow $2.6B. The chart follows the revenue to costs, profit and cash.
Questions
Did Horton D R raise or lower its guidance?
Horton D R (DHI) initiated its guidance on Oct 29, 2026: Revenue $30.0B–$32.0B for FY2027; Tax rate 25.5% for FY2027.
What does Horton D R expect?
We currently expect sales incentives to remain elevated during the remainder of fiscal 2026 and into fiscal 2027, and we will continue to adjust incentive levels based on changes in market conditions and mortgage interest rates. As of June 30, 2026, our homebuilding operations had $31.7 million of land held for sale that we expect to sell in the next twelve months. During the three and nine months ended June 30, 2026, earnest money and pre-acquisition cost write-offs related to our homebuilding segment’s land purchase contracts that we have terminated or expect to terminate were $17.3 million
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.