D.R. Horton (DHI) Authorizes $5B Share Repurchase; FY2026 Buybacks ≥ $3.25B

What Happened
D.R. Horton, Inc. (DHI) filed an 8‑K on September 15, 2026, reporting that its Board of Directors authorized an additional $5.0 billion for the repurchase of the company’s common stock, with no expiration date. The company stated it had about $53 million remaining under its prior repurchase authorization as of that date and now expects total fiscal 2026 repurchases of common stock to be at least $3.25 billion. The filing was signed by Bill W. Wheat, Executive Vice President and Chief Financial Officer.

Key Details

• Board authorized an additional $5.0 billion for common stock repurchases (no expiration date).
• Approximately $53 million remained under the prior repurchase authorization as of September 15, 2026.
• Company now expects fiscal 2026 total repurchases to be at least $3.25 billion.
• Reported on Form 8‑K (Item 8.01) filed September 15, 2026; signed by CFO Bill W. Wheat.

Why It Matters
This is a material capital-allocation action: the board has explicitly approved a large, open-ended buyback capacity and raised the company’s expected level of share repurchases for fiscal 2026. Share repurchases, when executed, reduce outstanding shares and represent one way a company returns capital to shareholders. Investors should note the new authorization size, the company’s updated FY2026 repurchase expectation, and that actual repurchases will depend on future trading activity and management decisions.