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

NVR third-quarter net income falls 27% to $248.6 million

Negative Impact 3 of 5 earnings

NVR reported third-quarter 2026 net income of $248.6 million, or $89.45 per diluted share, down 27% and 20% respectively from the prior-year quarter. Consolidated revenue fell to $2.40 billion from $2.61 billion, and homebuilding gross profit margin declined to 18.3% from 21.0%, which the company attributed to higher lot costs, pricing pressure and $24.8 million in contract land deposit impairments.

Key points

  • Q3 2026 net income $248.6 million, down from $342.7 million; diluted EPS $89.45 versus $112.33
  • Q3 2026 consolidated revenue $2.40 billion versus $2.61 billion in Q3 2025
  • Q3 2026 new orders fell 7% to 4,391 units; cancellation rate rose to 21% from 19%
  • Nine-month net income $683.4 million, down 30%; company repurchased $237.2 million of shares in the quarter

The filing

CompanyNVR (NVR)
Form8-K, current report
Filed with the SECOct 22, 2026, 12:07 PM ET
Accession number0000906163-26-000099

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.

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.