--- title: "NVR | 8-K: FY2026 Q2 Revenue: USD 2.326 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/293652565.md" datetime: "2026-07-23T17:57:34.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293652565.md) - [en](https://longbridge.com/en/news/293652565.md) - [zh-HK](https://longbridge.com/zh-HK/news/293652565.md) --- # NVR | 8-K: FY2026 Q2 Revenue: USD 2.326 B Revenue: As of FY2026 Q2, the actual value is USD 2.326 B. EPS: As of FY2026 Q2, the actual value is USD 83.96, missing the estimate of USD 89.9799. EBIT: As of FY2026 Q2, the actual value is USD 325.64 M. ### Consolidated Financial Performance Net income for NVR, Inc. in the second quarter ended June 30, 2026, was $236.5 million, marking a 29% decrease compared to $333.7 million in the second quarter of 2025. For the six months ended June 30, 2026, net income was $434.8 million, a 31% decrease from $633.3 million in 2025. Income before taxes for the three months ended June 30, 2026, was $318.641 million, down from $447.133 million in 2025. For the six months ended June 30, 2026, income before taxes was $570.335 million, compared to $849.137 million in 2025. Income tax expense for the three months ended June 30, 2026, was - $82.183 million, compared to - $113.396 million in 2025. For the six months ended June 30, 2026, income tax expense was - $135.518 million, compared to - $215.824 million in 2025. Total assets as of June 30, 2026, were $5.470 billion, compared to $5.857 billion as of December 31, 2025. Total liabilities as of June 30, 2026, were $2.079 billion, compared to $1.992 billion as of December 31, 2025. Total shareholders’ equity as of June 30, 2026, was $3.391 billion, compared to $3.865 billion as of December 31, 2025. ### Homebuilding Segment Homebuilding revenues in the second quarter of 2026 decreased by 11% to $2.28 billion, compared to $2.55 billion in the second quarter of 2025. For the six months ended June 30, 2026, homebuilding revenues were $4.115 billion, compared to $4.899 billion in 2025. The gross profit margin for the second quarter of 2026 decreased to 19.2% from 21.5% in the second quarter of 2025, primarily due to higher lot costs, pricing pressure, and approximately $21.7 million in contract land deposit impairments. Income before tax from the homebuilding segment totaled $293.2 million in the second quarter of 2026, representing a 30% decrease compared to the second quarter of 2025. Homebuilding income for the six months ended June 30, 2026, was $517.794 million, compared to $787.001 million in 2025. New orders increased by 9% to 5,885 units in the second quarter of 2026 from 5,379 units in the second quarter of 2025, though the average sales price of new orders decreased by 5% to $437,100. The cancellation rate was 15% in the second quarter of 2026, down from 17% in the second quarter of 2025. Settlements decreased by 8% to 5,058 units, with the average settlement price decreasing by 3% to $450,700. The backlog of homes sold but not settled as of June 30, 2026, increased by 9% to 10,998 units and by 5% to $4.99 billion in dollar value compared to June 30, 2025. Lots controlled at the end of the period for the six months ended June 30, 2026, were 184,400, up from 171,400 in 2025. ### Mortgage Banking Segment Mortgage closed loan production in the second quarter of 2026 totaled $1.35 billion, a 13% decrease compared to the second quarter of 2025. Income before tax from the mortgage banking segment totaled $25.4 million in the second quarter of 2026, a 14% decrease from $29.6 million in the second quarter of 2025. Mortgage banking income for the six months ended June 30, 2026, was $52.541 million, compared to $62.136 million in 2025. Loan closings for the six months ended June 30, 2026, were $2.408 billion, compared to $2.988 billion in 2025. The capture rate was 85% in the second quarter of 2026, down from 87% in the second quarter of 2025. ### Outlook/Guidance The provided document describes what constitutes “forward-looking statements” and lists various risk factors that could affect NVR, Inc.’s future performance. However, it does not include specific financial outlook or guidance from the company regarding future revenues, earnings, or operational targets. ### Related Stocks - [NVR.US](https://longbridge.com/en/quote/NVR.US.md) ## Related News & Research - [NVR, Inc. $NVR Shares Sold by Royal Bank of Canada](https://longbridge.com/en/news/294488620.md) - [Epoch Investment Partners Inc. Increases Stake in NVR, Inc. $NVR](https://longbridge.com/en/news/293817103.md) - [Inceptionr LLC Makes New Investment in NVR, Inc. $NVR](https://longbridge.com/en/news/293738558.md) - [Key facts: Hubbell (HUBB) raises 2026 sales to 16%–18%; files 8‑K](https://longbridge.com/en/news/294167258.md) - [NVR (NVR) Stock Looks Fair On Cash Flow But Cheap On Earnings](https://longbridge.com/en/news/293522867.md)