NVR stock: NVR Inc reports weaker results, while analysts target NVR stock at USD 6,809.67

Published on 10/23/2026 at 00:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue fell 8.00 percent to USD 2.40 billion on September 30, 2026. Eight firms set a USD 6,809.67 target for NVR stock.

Margins and backlog define results

NVR reported USD 2.40 billion in third-quarter revenue on October 22, 2026.
Homebuilding gross margin fell to 18.3 percent in the third quarter of 2026.
Backlog increased to USD 4.59 billion as of September 30, 2026.

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NVR Inc. (ISIN US62944T1051) reported USD 2.40 billion in consolidated revenue for the third quarter ended September 30, 2026, down 8.00 percent from USD 2.61 billion a year earlier. NVR, Inc. also reported a USD 6,809.67 consensus target from eight research firms, according to MarketBeat on October 22, 2026.

Three events changed the picture

On July 23, 2026, NVR reported second-quarter revenue of USD 2.34 billion and diluted earnings per share of USD 83.96, figures cited by MarketBeat. On September 22, 2026, BTIG Research set a USD 7,125.00 target for NVR, as the same MarketBeat report states. On October 22, 2026, the company reported third-quarter revenue of USD 2.40 billion and net income of USD 248.6 million, down 27.00 percent year over year, according to NVR, Inc.

What does the margin decline mean?

The key pressure point was homebuilding profitability. Gross margin fell to 18.3 percent from 21.0 percent in the third quarter of 2025, a decline of 270 basis points. NVR said higher lot costs, affordability-driven pricing pressure, weak consumer sentiment and USD 24.8 million of contract land deposit impairments weighed on the result, according to NVR, Inc. New orders fell 7.00 percent to 4,391 units, while the cancellation rate increased to 21.00 percent from 19.00 percent.

The backlog offers a counterweight to the weaker quarter. Homes sold but not settled rose 10.00 percent to 10,121 units, and the backlog value increased 4.00 percent to USD 4.59 billion as of September 30, 2026. Mortgage banking income also rose 7.00 percent to USD 35.0 million, but that improvement did not offset the decline in homebuilding income.

Backlog supports the next phase

NVR's operating profile remains centered on homebuilding and mortgage banking across 37 metropolitan areas in sixteen states and Washington, D.C. The company had a market capitalization of USD 16.4 billion as of October 22, 2026, while its 52-week range was USD 5,501.01 to USD 8,200.00.

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