D.R. Horton posts strong orders and backlog, beating EPS estimates despite revenue dip

D.R. Horton showed resilience with rising net new orders and backlog despite a challenging housing market. While the company's revenue and profitability declined year-over-year, it exceeded analyst EPS expectations and maintained strong capital returns through buybacks and dividends. Management forecasts slightly lower revenue and operating cash flow for 2026 but highlights stable cancellation rates and expanding active selling communities. This positions D.R. Horton as a stable and quality homebuilder compared to peers with lower valuations.