Filing Flows › NVR (NVR) › Q2 2026
NVR (NVR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
NVR (NVR) reported revenue of $2.3B for the second quarter 2026 (Q2 2026), -10% from a year earlier and +24% from the quarter before. Operating margin was 13.7%, net earnings $236M (10.2% of revenue).
NVR, Q2 2026: revenue $2.3B (-10% year over year), operating margin 13.7%, net earnings $236M, operating cash flow −$152M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.3B | +24% | -10% |
| Operating profit | $319M | +27% | -29% |
| Net earnings | $236M | +19% | -29% |
| Operating cash flow | −$152M | -145% | -532% |
What changed
Revenue was $2.3B in Q2 2026, down 10% year over year and up 24% from the previous quarter. Home Building Segment was the largest line at 98% of revenue. Home Building Segment lost $0.27B year over year (down 11%), 99% of the total change.
Operating profit was $0.32B, a 13.7% margin (down 3.5 points year over year). Total costs fell 7% while revenue fell 10%. Net earnings were $0.24B, down 29% year over year. The effective tax rate was 25.8%.
Operating cash flow was −$0.15B. Non-cash charges added back $0.01B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.41B. Capital expenditures of $0.01B exceeded it, leaving free cash flow of −$0.16B.
Questions
What was NVR's revenue in the second quarter 2026?
NVR (NVR) reported revenue of $2.3B for the second quarter 2026 (Q2 2026), -10% from a year earlier and +24% from the quarter before.
Was NVR profitable in the second quarter 2026?
Operating profit was $319M (13.7% of revenue) and net earnings $236M.
Source: NVR 10-Q on SEC EDGAR.