Quarterly ResultAug 5, 2026, 02:43 PM

NVR Q2 Net Income Down 29% to $236.5M; H1 Net Income Down 31%

AI Summary

NVR Inc. reported a significant decline in financial performance for the second quarter and first half of 2026. Net income for Q2 decreased by 29.3% to $236.5 million, while homebuilding revenues fell by 10.5% to $2.28 billion. For the first six months, net income dropped 31.4% to $434.8 million, and homebuilding revenues were down 16.0% to $4.11 billion. The company continued share repurchases, totaling $1.01 billion in the first half of 2026.

Key Highlights

Q2 2026 net income decreased 29.3% to $236.5 million from $333.7 million in Q2 2025.
H1 2026 net income decreased 31.4% to $434.8 million from $633.3 million in H1 2025.
Q2 2026 homebuilding revenues fell 10.5% to $2.28 billion from $2.55 billion in Q2 2025.
H1 2026 homebuilding revenues decreased 16.0% to $4.11 billion from $4.90 billion in H1 2025.
Basic EPS for Q2 2026 was $87.65, down 23.5% from $114.52 in Q2 2025.
Basic EPS for H1 2026 was $158.75, down 26.1% from $214.78 in H1 2025.
Repurchased $1.01 billion of common stock in the first six months of 2026.
Contract land deposits, net, increased to $927.4 million from $851.5 million.

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NVR

Homebuilding

NVR INC

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