Quarter ended March 31, 2026 (fiscal Q2).
| Closings | 19,486 (↑1%) |
| Revenue | $7.6B (↓2%) |
| Gross margin | 20.1% |
| Orders | 24,992 (↑11%) |
From the call
“We focused throughout our operations on sitting down with our trades and working our costs down as we held our starts back in Q4 and Q1.”
Slowing starts was not just about inventory; it gave D.R. Horton leverage to renegotiate with trades. Completed unsold homes fell 35%.
Source: D.R. Horton 8-K and earnings call.
