NVR Reports Significant Q1 Earnings Miss and Profitability Decline
NVR is trading near its 52-week low of $6,301.025 (5.2% above the low).
Summary
NVR, Inc. announced Q1 2026 financial results, reporting diluted EPS of $67.76 and consolidated revenues of $1.88 billion, both significantly missing analyst estimates and showing substantial year-over-year declines.
Key Events · Earnings and Guidance · NVR
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Significant Q1 Earnings Miss
Diluted earnings per share for the first quarter of 2026 were $67.76, a 29% decrease from $94.83 in Q1 2025, and significantly missed analyst estimates of $79.97.
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Revenue Decline Exceeds Expectations
Consolidated revenues for Q1 2026 totaled $1.88 billion, a 22% decrease from $2.40 billion in Q1 2025, falling short of analyst estimates of $2.09 billion.
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Profitability Compression
Net income decreased 34% to $198.4 million, and the gross profit margin for homebuilding declined to 19.6% from 21.9% in the prior year, impacted by pricing pressure and higher lot costs.
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Mixed Homebuilding Activity
New orders increased 7% to 5,738 units, but settlements decreased 22% to 4,015 units, and the dollar value of backlog declined 3% to $4.70 billion.
Analysis · NVR · Real Estate & Construction
NVR, Inc. reported first-quarter results that significantly missed analyst expectations and showed substantial year-over-year declines in key financial metrics. Diluted EPS of $67.76 fell short of the $79.97 estimate, while consolidated revenues of $1.88 billion also missed the $2.09 billion forecast. This performance marks a continuation of the cautious outlook provided in the last 10-K, with net income and diluted EPS decreasing 34% and 29% respectively compared to the prior year. The decline in gross profit margin and mortgage banking activity indicates ongoing pressure on the company's core businesses, despite a modest increase in new home orders. Investors should monitor future guidance and housing market trends for signs of recovery.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 36.9% of the 964 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.65%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, NVR was trading at $6,629.27 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $18.4B. The 52-week trading range was $6,301.03 to $8,618.28. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.