Q2 FY2026 EarningsQ2 FY26 revenue fell 10.4% YoY to $2.33B, while net income dropped 29.1% to $236.5M. New orders rose 9.4% to 5,885 units, but average sales price (ASP) declined 4.6% to $437.1K. Gross margin compressed 230bps to 19.2% due to higher lot costs and pricing pressure. Diluted EPS was $83.96, down 22.6% YoY, partially mitigated by $357.8M in share repurchases.
Preview: NVR(NVR) predict that the Revenue is 2.28 B (-10.54%), Miss estimate;the EBIT is 287.83 M (-27.88%), Miss estimate;the EPS is 83.96 (-22.65%), Miss estimate.