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Berkshire Hathaway reports increased Q2 profit and shifts to net stock buying
Berkshire Hathaway reported a strong second quarter for 2026, with operating earnings rising 16% to $12.98 billion. Net income more than doubled to $25.67 billion, aided by significant investment gains of $12.68 billion, though management cautioned that GAAP net income can be distorted by unrealized stock portfolio fluctuations.
Under the leadership of CEO Greg Abel, the conglomerate shifted its investment strategy, becoming a net buyer of equities for the first time in 14 quarters. The company made approximately $20 billion in net stock purchases, including a $10 billion investment in Alphabet. Additionally, Berkshire accelerated its share repurchase program, spending $4.5 billion on its own stock during the second quarter.
These activities, along with the completion of the $6.8 billion acquisition of Taylor Morrison, led to a reduction in cash reserves, which fell to approximately $365 billion from a previous high of nearly $400 billion. Performance was bolstered by growth in manufacturing, service, and retail sectors, and BNSF railroad, which helped offset weaker results in the insurance underwriting division.
Entities
Alphabet · Alphabet Inc. · BNSF · Berkshire Hathaway · Greg Abel · Taylor Morrison Homes · Warren Buffett
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 15 SOURCES] The company invested $10 billion in Alphabet. mix929.com · jack1065.com · wxerfm.com · wtop.com · srnnews.com · +10 more
- [● 18 SOURCES] Operating earnings rose 16% year over year to $12.98 billion in the second quarter. mix929.com · www.sbctv.gr · jack1065.com · wxerfm.com · www.stl.news · +11 more
- [DISPUTED] Warren Buffett remains the chairman of Berkshire Hathaway. mix929.com · wtop.com · srnnews.com · www.semissourian.com · fortune.com · +4 more
- [● 19 SOURCES] Cash holdings decreased to approximately $365 billion by the end of June. mix929.com · jack1065.com · wxerfm.com · wtop.com · srnnews.com · +12 more
- [● 4 SOURCES] Berkshire Hathaway acquired Taylor Morrison Homes for $6.8 billion. wtop.com · srnnews.com · www.newmoney.gr
- [● 9 SOURCES] Net earnings for the second quarter of 2026 were $25.67 billion. mix929.com · www.sbctv.gr · jack1065.com · wxerfm.com · wtop.com · +4 more
- [● 19 SOURCES] Berkshire Hathaway repurchased $4.5 billion of its own stock in the second quarter. mix929.com · www.sbctv.gr · jack1065.com · wxerfm.com · wtop.com · +13 more
- [● 14 SOURCES] Greg Abel is the current CEO of Berkshire Hathaway. mix929.com · wtop.com · srnnews.com · www.semissourian.com · fortune.com · +8 more
- [● 10 SOURCES] The company was a net buyer of stocks in the second quarter after 14 consecutive quarters as a net seller. www.criptovaluta.it · www.brasilemfolhas.com.br · mix929.com · businessam.be · fr.businessam.be · +5 more
- [● 13 SOURCES] Berkshire Hathaway invested $10 billion in Alphabet. www.criptovaluta.it · www.brasilemfolhas.com.br · mix929.com · businessam.be · fr.businessam.be · +7 more
- [● 7 SOURCES] BNSF railroad and manufacturing, service, and retail operations contributed to the growth in operating profit. www.stl.news · mix929.com · businessam.be · fr.businessam.be · www.businesstimes.com.sg · +2 more