BRK-B · Full Picture

BERKSHIRE HATHAWAY INC — the full picture

Earnings window · 2026-05-13 to 2026-11-09 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Investment Gains · UnclassifiedPriority 82
    +34.9% net_income (realized); 3 sources (news, press_release, sec_filing); structured_verified
    Berkshire Hathaway's investment gains plunged 46% from a year earlier to $9.4 billion in the third quarter of 2026.
  2. Liquidity and Cash Position · Liquidity & cash positionPriority 76
    +4.4% net_income (realized); 3 sources (news, press_release, sec_filing); 3 forward row(s); structured_verified
    Berkshire Hathaway is leveraging its $365.5B cash and $177.5B insurance float to forge equity-for-energy deals with hyperscalers.
  3. Pilot Revenue and Earnings · UnclassifiedPriority 65
    +14.8% revenue (realized); 2 sources (news, sec_filing); quote_verified
    Pilot’s revenues increased $4.8 billion (47.7%) in the second quarter and $5.6 billion (27.5%) in the first six months of 2026 compared to 2025, reflecting higher fuel prices, partially offset by slightly lower fuel volumes.
  4. Quarterly Results Announcement · Revenue growth & mixPriority 63
    +13.2% revenue (realized); quote_verified
    Q2 revenue: $101.8B, up 10% Y/Y; Q2 operating earnings: $12.98B, up 16% Y/Y.
  5. BNSF Earnings Growth · UnclassifiedPriority 62
    +11.6% revenue (realized); 2 sources (news, sec_filing); quote_verified
    Manufacturing, service and retailing pre-tax earnings in the second quarter of 2026: $5,846 million and revenues: $61,502 million (15.2% revenue increase vs 2025).
  6. Net Income and EPS Performance · Operating income & profitabilityPriority 59
    +45.8% net_income (realized); quote_verified
    Net earnings attributable to Berkshire shareholders for the second quarter of 2026: $25,667 (millions).
  7. Buffett Charitable Stock Gifts · UnclassifiedPriority 57
    quote_verified
    Warren Buffett intends to donate all of his Berkshire Hathaway stock by 2034.
  8. Capital Return Program · Buybacks & dividendsPriority 55
    -0.1% cash; 3 sources (news, press_release, sec_filing); 3 forward row(s); quote_verified
    Berkshire Hathaway is on pace to buy back more than $10 billion worth of its own shares in 2026.
  9. Berkshire Stake Donation · UnclassifiedPriority 54
    quote_verified
    Warren Buffett set a personal goal to give away his entire $140 billion Berkshire stake by 2034.
  10. Interest Rate Environment · Interest ratesPriority 53
    2 sources (news, sec_filing); quote_verified
    Berkshire Hathaway's total shareholder return: 5.46% over one year and 81.04% over five years.
  11. Berkshire Hathaway Energy Expansion · Capacity & footprint expansionPriority 52
    2 forward row(s); quote_verified
    Berkshire Hathaway Energy (BHE) has 11,000 MW of contracted data center demand.
  12. Operating Earnings Total · UnclassifiedPriority 51
    quote_verified
    Berkshire Hathaway's operating earnings fell 5.8% in the third quarter of 2026, weighed down by weaker insurance results, while cash reached a record $377.4 billion and the company stepped up share repurchases.

Threads by pillar

Revenue & Demand Priority 75 · 7 threads

Costs & Margins Priority 67 · 4 threads

Capital & Balance Sheet Priority 87 · 7 threads

Strategy & Portfolio Priority 70 · 11 threads

Legal, Regulatory & Policy Priority 21 · 1 thread

Macro & Market Conditions Priority 68 · 8 threads

Management & Governance Priority 40 · 1 thread

Shareholders & Street Priority 35 · 2 threads

Unclassified Priority 97 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
cash-4.4%+4.4%-5.6%
assets+3.8%+3.8%+8.7%
liability-0.2%+0.2%-0.4%
revenue+0.2%+0.2%+48.8%
operating_income——+11.4%
net_income——+86.4%