Filing Flows › NVR (NVR) › Q2 2026 › vs Q1 2026
NVR (NVR) Q2 2026 vs Q1 2026 (quarter over quarter)
NVR's revenue rose $445M (+24%) from $1.9B in Q1 2026 to $2.3B in Q2 2026. The biggest changes: Home Building Segment +$445M (+24%); Mortgage Banking +$401K (+0.9%). Operating margin 13.7% against 13.4% (+0.3 pts).
NVR, Q2 2026: revenue $2.3B (-10% year over year), operating margin 13.7%, net earnings $236M, operating cash flow −$152M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 13.7% | 13.4% | +0.3 pts |
| Net margin | 10.2% | 10.5% | -0.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Home Building Segment | $2.3B | $1.8B | $445M | +24% |
| Mortgage Banking | $46.6M | $46.2M | $401K | +0.9% |
| Revenue | $2.3B | $1.9B | $445M | +24% |
| Operating profit | $319M | $252M | $66.9M | +27% |
| Costs & expenses | $2.0B | $1.6B | $378M | +23% |
| Pre-tax earnings | $319M | $252M | $66.9M | +27% |
| Net earnings | $236M | $198M | $38.1M | +19% |
| Income tax | $82.2M | $53.3M | $28.8M | +54% |
| Operating cash sources | $414M | −$121M | $535M | — |
| Depreciation & amortization | $6.4M | $6.7M | −$311K | -5% |
| Share-based compensation | $19.3M | $13.3M | $6.0M | +45% |
| Cash used in operations | $152M | −$340M | $491M | — |
| Working capital & other | $414M | −$121M | $535M | — |
Questions
How much did NVR's revenue grow quarter over quarter in Q2 2026?
NVR's revenue rose $445M (+24%) from $1.9B in Q1 2026 to $2.3B in Q2 2026.
What drove NVR's revenue change in Q2 2026?
Home Building Segment +$445M (+24%); Mortgage Banking +$401K (+0.9%).