earnings
confidence high
sentiment negative
materiality 0.75
NVR Q1 net income $198.4M ($67.76 EPS) down 34% YoY; revenue $1.88B -22%
NVR INC
2026-Q1 EPS reported
$67.76
revenue$1,881,063,000
- Net income fell 34% to $198.4M; diluted EPS $67.76 vs $94.83 in Q1 2025.
- Consolidated revenue $1.88B, down 22% from $2.40B; homebuilding revenue $1.83B.
- New orders rose 7% to 5,738 units; settlements dropped 22% to 4,015 units.
- Homebuilding gross margin 19.6%, down from 21.9% on pricing pressure and higher lot costs.
- Mortgage closed loan production $1.05B (-27%); segment income before tax $27.1M (-17%).