NVR Reports Q3 Net Income of $248.6 Million, Diluted EPS of $89.45
NVR reported Q3 2026 net income of $248.6M, or $89.45 per diluted share, down from $342.7M and $112.33 a year earlier. Revenue fell to $2.40B from $2.61B, with lower homebuilding activity and margins, though mortgage banking income rose. Homebuilding gross profit margin declined to 18.3% from 21.0%. New orders and settlements decreased, while backlog increased 10%.
How this was made

The 30-second read
Why it matters
Earnings miss may trigger short-term sell pressure and affect related homebuilder stocks.
Market read
NVR's earnings provide a gauge of U.S. residential construction trends and may influence sector sentiment.
What to watch
Potential policy stimulus or lower interest rates could revive demand
Background
NVR is a major U.S. homebuilder; quarterly results are closely watched for housing market health.
Ticker impact
Q3 2026 earnings released with net income $248.6M, EPS $89.45, revenue down 8% YoY.
likely pressure as market prices in lower revenue and margin guidance
Revenue fell 8% YoY and gross margin dropped 2.7 points, indicating weaker homebuilding demand.
Market effects
homebuilding sector may face broader pressure from higher lot costs and affordability concerns
U.S. residential construction outlook weakened
limited to U.S. housing market participants
Counterpoint
Mortgage banking income rise could cushion earnings if homebuilding improves later in the year
Key entities
- CompanyNVR
U.S. homebuilder reporting Q3 2026 results



