D.R. Horton (DHI) Cuts 2026 Outlook Following Sales Miss While Undervalued Narrative Holds

D.R. Horton (DHI) cut its fiscal 2026 revenue outlook to US$32.5b to US$33b after third quarter sales missed internal goals, as higher mortgage costs, softer earnings per share, and a 20% cancellation rate pressured demand. Against this softer guidance backdrop, D.R. Horton’s share price has moved sideways overall, with the stock down 4.63% on a year-to-date share price return and the 1-year total shareholder return declining 11.10%. However, the 3-year and 5-year total shareholder returns of...