NVR reports third-quarter earnings of $89.45 a share on revenue of $2.40 billion
Analysts surveyed by Zacks had expected $106.11 a share, according to the Associated Press.
Published
Chart: NVR, one-minute prices, three sessions
NVR, which builds homes, reported earnings of $89.45 a share for the third quarter of 2026. A year earlier, the company reported $112.33 a share and net income of $342.7 million. Analysts surveyed by Zacks had expected $106.11 a share, the Associated Press reported.
Revenue was $2.40 billion, down from $2.61 billion in the third quarter of 2025. Three analysts had expected revenue of $2.6 billion. Nine-month revenue was $6.61 billion, down 13 per cent from $7.61 billion.
NVR said gross profit margin fell to 18.3 per cent from 21.0 per cent. The company pointed to higher lot costs, pricing pressure from affordability challenges and weak consumer sentiment. It also recorded contract land deposit impairments of about $24.8 million. The average settlement price was $445,900, down 2 per cent.
New orders fell 7 per cent to 4,391 units, and settlements fell 7 per cent to 5,268 units. The cancellation rate rose to 21 per cent from 19 per cent. Backlog rose 10 per cent in units to 10,121 homes.
© Raydn · raydn.us