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AI brief of an SEC Form 8-K · NVR (NVR)

NVR second-quarter net income falls 29% to $236.5 million

Negative Impact 3 of 5 earnings Written later

NVR reported second-quarter 2026 net income of $236.5 million, or $83.96 per diluted share, down 29% and 23% from the same quarter of 2025. Consolidated revenue fell to $2.33 billion from $2.60 billion, and the homebuilding gross profit margin dropped to 19.2% from 21.5%. New orders rose 9%, but settlements fell 8%, and lower profit and margins weigh on shareholder returns.

Key points

  • Second-quarter net income was $236.5 million, or $83.96 per diluted share, versus $333.7 million, or $108.54 per diluted share, in 2025.
  • Consolidated revenue was $2.33 billion versus $2.60 billion a year earlier; homebuilding gross profit margin was 19.2% versus 21.5%.
  • New orders rose 9% to 5,885 units, while settlements fell 8% to 5,058 units; backlog reached 10,998 units as of June 30, 2026.
  • Six-month net income was $434.8 million, down 31%, and six-month diluted earnings per share were $151.38, down 26%.

The filing

CompanyNVR (NVR)
Form8-K, current report
Filed with the SECJul 23, 2026, 1:54 PM ET
Accession number0000906163-26-000086

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 23, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.