NVR Q2 net income drops 29% to $236.46 million; revenue falls 10% to $2.33 billion

Reuters2026/08/05 18:37

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NVR posted Q2 net income of USD 236.46 million, down 29% year over year, as revenue fell 10% to USD 2.33 billion.
Homebuilding gross margin narrowed 2.3 percentage points to 19.2%, with contract land deposit impairments of about USD 21.7 million.
New orders rose 9% to 5,885 units, while the cancellation rate eased 1.6 percentage points to 14.9%.
Backlog climbed 9% to 10,998 units, while the average backlog price dropped 4% to USD 453,900.
Management flagged continued demand pressure from affordability, elevated inventory in some markets, weak sentiment and volatility, with expectations for further margin pressure.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NVR Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000906163-26-000093), on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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NVR Q2 net income drops 29% to $236.46 million; revenue falls 10% to $2.33 billion

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