---
schema_version: "secwatch.filing_event.v1"
accession: "0000906163-26-000086"
form_type: "8-K"
ticker: "NVR"
cik: "0000906163"
company_name: "NVR INC"
filed_at: "2026-07-23T17:54:44+00:00"
generated_at: "2026-07-23T17:56:05.167002+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NVR Q2 net income down 29% to $236.5M; EPS $83.96 vs $108.54 YoY

## Summary
- Net income $236.5M ($83.96 diluted EPS) vs $333.7M ($108.54) in Q2 2025, decreases of 29% and 23%.
- Consolidated revenues $2.33B, down 10% from $2.60B; homebuilding revenues $2.28B, down 11%.
- New orders up 9% to 5,885 units; avg sales price down 5% to $437,100; settlements down 8% to 5,058 units.
- Homebuilding gross margin fell to 19.2% from 21.5%, hit by higher lot costs, pricing pressure, and $21.7M land deposit impairments.
- Mortgage banking income before tax $25.4M, down 14%; closed loan production $1.35B, down 13%.

## SEC filing metadata
- accession: 0000906163-26-000086
- form_type: 8-K
- ticker: NVR
- cik: 0000906163
- company_name: NVR INC
- filed_at: 2026-07-23T17:54:44+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/906163/000090616326000086/0000906163-26-000086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/906163/000090616326000086/nvr-20260723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000906163-26-000086
- JSON: https://secwatch.observer/filing/0000906163-26-000086.json
- Plain text: https://secwatch.observer/filing/0000906163-26-000086.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.