secwatch.observer — SEC 8-K summary
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Issuer:     NVR INC (NVR)
CIK:        0000906163
Form:       8-K
Filed at:   2026-10-22T16:07:27+00:00
Accession:  0000906163-26-000099
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

NVR Q3 net income falls 27% to $248.6M; gross margin drops to 18.3%
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- Q3 net income $248.6M, or $89.45 per diluted share, down 27% and 20% YoY; revenue fell to $2.40B from $2.61B.
- New orders fell 7% to 4,391 units; average new-order price dropped 5% to $442,100 and cancellation rate rose to 21% from 19%.
- Settlements fell 7% to 5,268; average settlement price $445,900, down 2%; homebuilding revenue $2.35B, down 8%.
- Gross margin narrowed to 18.3% from 21.0% on higher lot costs, affordability pressure and ~$24.8M contract land deposit impairments.
- Backlog rose 10% to 10,121 units ($4.59B, +4%); mortgage closed-loan production fell 10% to $1.38B, but segment pretax income rose 7% to $35.0M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/906163/000090616326000099/0000906163-26-000099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/906163/000090616326000099/nvr-20261022.htm
  HTML page:      https://secwatch.observer/filing/0000906163-26-000099

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