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D.R. Horton reported mixed Q4 2025 results, with EPS of $3.04, down 22% YoY, and home closings at 23,368, a 1% YoY decrease. Revenue exceeded expectations at $10.5 billion, despite a 3.2% YoY decline. The company used incentives and price cuts to maintain demand, with the average sales price dropping to $365,600. Q1 2026 and full-year 2026 outlooks met expectations, but home closings for Q1 were lower than anticipated.

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