Berkshire Hathaway Reports $25.67 Billion Quarterly Net Income

Berkshire Hathaway reported a quarterly net income of $25.67 billion, more than double the $12.37 billion earned in the previous year. Operating earnings grew 16.3% to $12.98 billion, supported by gains in retailing, service, and manufacturing, despite a decline in investment income and underwriting earnings within its insurance arm.

Under the leadership of Chief Executive Greg Abel, who succeeded Warren Buffett in January 2026, the conglomerate reduced its cash haul for the first time in over three years to $364.7 billion. This reduction followed a series of aggressive investments, including a $10 billion purchase of Alphabet Inc. shares and the $6.8 billion acquisition of homebuilder Taylor Morrison Homes. During the second quarter, the company bought $23.5 billion in equity securities and sold $3.7 billion.

The acquisition of Taylor Morrison Homes marks the first major transaction under Abel's tenure. Warren Buffett praised the move, stating that Abel acted more quickly and decisively than he would have. Abel intends to shift the company toward a more proactive management style by identifying synergies and unifying site-built homebuilding operations into a combined platform.