D.R. Horton (DHI) is the largest US homebuilder by volume — a moderate-to-high earnings mover with a heating two-year regime tied to rates and housing demand. Below is its earnings behaviour based on the last 16 reports (roughly the past 10 years), as of July 14, 2026.
DHI earnings at a glance
DHI’s decade-long average earnings move is about ±6.6%, but the last two years have run hotter at ±9.4%. The 95th-percentile tail is about ±14.0%; July 2025 peaked near +17.2% against a much lower implied move.
Does DHI beat its implied move?
The implied move is what the options market prices in before the report. DHI’s actual move has topped the implied move in about 62% of recent reports (10 of 16).
2yr avg
How DHI’s moves are distributed
The distribution is moderate with fat tails: most DHI earnings moves stay under ±8.9%, but housing-cycle resets can push peaks toward ±14.0% or beyond.
Recent DHI earnings
July 2025 peaked near +17.2% vs ~±5.3% implied — a dramatic beat. October 2024 dropped about -15.2% vs ~±5.1% implied. Homebuilders gap hard on orders and margin guidance.
IV rush and IV crush on DHI
Implied volatility builds into the report (the IV rush) and collapses afterward (the IV crush).
What DHI’s earnings data means for options
These figures are a reference point, not a signal. Compare the live implied move in the EarningsWatcher app.
- According to EarningsWatcher data, options price a ±7.9% move for DHI's October 29, 2026 earnings report (as of October 10, 2026).
- DHI has averaged a ±6.6% earnings-day move across its last 40 reports (10-year history, per EarningsWatcher).
- DHI's actual earnings move exceeded the options-implied move in 56% of those reports.
Frequently asked questions
When is D.R. Horton (DHI) earnings date in July 2026?
D.R. Horton reported on Tuesday, July 21, 2026, before the market open (BMO).
What is DHI's implied move for earnings July 21, 2026?
Options priced a plus or minus 6.7% move into the July 21, 2026 report — below the plus or minus 9.4% two-year average. The stock then moved down 1.9% at its intraday peak and finished down 0.9% at the close.
How much does DHI move on earnings?
Over its last 16 earnings reports (as of July 2026), DHI's average earnings-day peak move was about plus or minus 6.6%, with the last two years averaging about plus or minus 9.4%. The 95th-percentile move is about plus or minus 14.0%.
Does DHI usually beat its implied move?
More often than not. DHI's actual move has topped its options-implied move in about 62% of recent reports (roughly 10 of 16).