NVR (NVR) Earnings And Buybacks Put Its Fair Value Debate Back In Focus

NVR, Inc. (NVR), a homebuilder with a $17B market cap, reported Q2 2026 EPS of $83.96 and revenue of $2.28B, down 10.5% YoY. Shares fell 3.1% on July 23, underperforming the S&P 500. Analysts expect FY 2026 EPS to drop 15.9% YoY. The consensus rating is 'Moderate Buy' with a mean price target of $6,912.71.

Berkshire Hathaway invested $19.8B in Q2, including $6.8B acquisition of Taylor Morrison. It increased stakes in Lennar and NVR, and initiated a position in D.R. Horton. The housing market faces challenges with high mortgage rates and falling sales, but Berkshire's long-term strategy focuses on structural undersupply and builder resilience.

NVR (NYSE:NVR) reported Q2 CY2026 revenue of $2.28 billion, down 12.3% year on year, missing Wall Street’s expectations. Non-GAAP adjusted EPS was $83.96, 6.7% below consensus and down from $108.54 a year earlier. The stock fell 3.4% to $6,147 after results; analysts expect full-year EPS around $385.59 to $386.77.

NVR INC (NVR) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 q22026ex991_earningsrelease.htm EX-99.1 Document Exhibit 99.1 NVR, INC. ANNOUNCES SECOND QUARTER RESULTS July 23, 2026, Reston, VA—NVR, Inc. (NYSE: NVR) , one of the nation’s largest homebuilding and mortgage banking companies, announced net income for its second quarte

Berkshire Hathaway agreed to acquire homebuilder Taylor Morrison for $72.50 per share in cash, valuing the equity at about $6.8 billion and the company at roughly $8.5 billion including debt, a 24% premium to Taylor Morrison’s May 29 close. The deal is expected to close in 2H 2026. Taylor Morrison reported closings down 26% YoY to 2,268 units and margin compression; housing starts were mixed.

Commvault (CVLT) integrated its cyber recovery actions with CrowdStrike's (CRWD) Charlotte Agentic SOAR workflows, enabling automated data recovery during incidents. The partnership follows Commvault's fiscal Q1 2027 results, showing 16% YoY subscription revenue growth to $267M and 39% YoY SaaS revenue growth to $100M. However, GAAP operating margin was 8.2%, significantly lower than the non-GAAP figure of 22.8%.