Overview

• D.R. Horton reduced its 2025 revenue forecast to $33.3–$34.8 billion, down from its prior estimate of $36–$37.5 billion.
• The company now anticipates 85,000–87,000 home closings for the year, a decrease from the earlier projection of 90,000–92,000.
• Q2 results fell below expectations, with revenue at $7.73 billion and EPS at $2.58, both missing analyst estimates.
• Net sales orders and home closings in Q2 were down 15% year-over-year, reflecting weaker demand and affordability challenges.
• D.R. Horton raised its fiscal 2025 stock buyback projection to $4 billion and approved a new $5 billion repurchase plan to enhance shareholder returns.