NVR (NVR) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter increased from the immediately preceding quarter. Compared with the same quarter one year earlier, revenue declined.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter increased from the immediately preceding quarter. Compared with the same quarter one year earlier, revenue declined.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.3B
Revenue reported for this quarter.
Quarter-over-quarter
+7.3%
Change from the immediately preceding quarter.
Year-over-year
-12.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$10B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $2.8B | +15.9% |
| Dec 31, 2022 | $2.7B | +21.6% |
| Mar 31, 2023 | $2.2B | -8.4% |
| Jun 30, 2023 | $2.3B | -12.1% |
Revenue performance
The reported revenue direction is positive relative to the prior quarter, reversing the sequential decline seen in the previous period.
Quarterly comparison
Sequentially, revenue rose compared to the March quarter. On a year-over-year basis, revenue was lower than the same quarter a year ago.
What to watch
The company continues to hold a large cash and cash equivalents balance relative to total assets, as shown in the balance sheet.