Shares of homebuilder D.R. Horton Inc. (NYSE: DHI) are down about 1% in mid-day trading after the company reported its earnings for the first quarter of its 2026 fiscal year. This came despite solid headline numbers. Earnings per share (EPS) of $2.03 on revenue of $6.89 billion beat expectations for EPS of $1.98 on revenue of $6.66 billion.
That said, the sell-off wasn’t completely without merit. On a year-over-year (YOY) basis, revenue was down 9% and EPS was down 22%. Plus, YOY net income was down 30%. All of that was enough to cause investors to sell on a day when the market was already down sharply.
