NVR, Inc. (NVR) earnings on July 23, 2026

Before the market opens Q2 2026

More NVR, Inc. earnings

Prior outlook: Pessimistic Outcome: Accurate

The stock opened significantly lower and dropped as much as 6.3% during the day before recovering somewhat to end down 3.1%. Concerns about the housing market weighed on the stock ahead of its earnings report.

NVR price around the earnings

6155.02

Change: -3.1%

2026-07-23, 20:00 UTC

End of the measured window
5940.01 6076.43 6212.86 6349.28 6349.28
Price series around the eventClosing price per minute from before the event to the end of the measured window.
July 23, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • End of the measured window
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Pessimistic Outcome: Accurate

Thesis published
Results released

Negative growth and Q1 miss, despite analyst upgrades, with political housing headwinds.

Context analyzed before publication

Trend
Trajectory scores deteriorated sharply, indicating a strong pessimistic trend and significant selloff into earnings.

Analysts

Evidence

Analyst consensus
Hold
Consensus average (1-5)
2.67
Analysts covering the stock
5
Average price target
7,052
Lowest price target
5,664
Highest price target
8,096
Upside to price target
11.1%
Quarterly earnings growth
-33.8%
Revenue growth
-21.4%
Forward EPS
415.11
Trailing EPS
410.8
Analyst moves in the last 60 days
2
  • Strong buy: 0
  • Buy: 2
  • Hold: 3
  • Sell: 1
  • Strong sell: 0
Strong buy
0
Buy
2
Hold
3
Sell
1
Strong sell
0
  • July 20, 2026 · B of A Securities: Maintains rating (Buy → Buy)
  • July 7, 2026 · Zelman & Assoc: Upgrades rating (Hold → Buy)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
Low
Normalized volume
33%
News
Sources (2)

Technicals

Evidence

Average true range (ATR)
2.5%
Distance to 52-week high
-25.7%
14-day change (14d)
-1.1%
30-day change (30d)
-0.1%
30-day relative strength
-0.5%
SPY change (30d)
+0.4%
Nearest support
6,323.94
Nearest resistance
6,415.31
Volume accumulation ratio (14d / 46d)
1.41

Trends

Evidence

Average earnings surprise
+1.3%
  • April 22, 2026: actual EPS 67.76 vs estimate 79.2 (surprise -14.4%)
  • January 28, 2026: actual EPS 121.54 vs estimate 105.9 (surprise +14.8%)
  • October 22, 2025: actual EPS 112.33 vs estimate 109.36 (surprise +2.7%)
  • July 23, 2025: actual EPS 108.54 vs estimate 106.2 (surprise +2.2%)

Expected move

Implied move
+2.5%
Source
Average true range (fallback)

Reactions over its last 19 earnings

Median move
2%
75th percentile move
3.5%
90th percentile move
4.9%
Up / down moves
8 / 11
Average up move
+2.1%
Average down move
-2.5%

Monitoring and close

What NVR, Inc. reported

Status
Finished
Actual EPS83.96
EPS estimate92.35
EPS surprise-9.1%
Revenue$2,330 million
Revenue estimate$2,387 million
Revenue surprise-2.4%

NVR reported Q2 2026 EPS of $83.96 vs $92.35 expected, revenue $2.33B vs $2.387B estimate. Stock fell amid Treasury yield concerns. Company joined Russell Growth indices and authorized share buyback.

Sources (6)

Pre-market second reading after the results

Verdict
Missed expectations

Heading into the open, the figures confirm the pessimistic scenario. In the 1571 past cases with a similar move, the close held that direction 76% of the time.

How the stock reacted

Outcome
Accurate
Consolidated
-3.1%
Max favorable move (MFE)
6.3%
Max adverse move (MAE)
0%