BRK-B · 10-Q · 2026Q1 · Full report
Revenue Performance and Mix
BERKSHIRE HATHAWAY INC · 2026-05-04 · Importance 77 · Surprise 82 · From source text
Berkshire reported net earnings attributable to shareholders of $10,106 million in Q1 2026 versus $4,603 million in Q1 2025, reflecting a large YoY increase in reported earnings. Segment contribution highlights include Manufacturing, Service and Retailing revenues of $54,842 million in Q1 2026 (up 6.5% YoY) and Insurance investment income contributing $2,679 million after tax in Q1 2026. The mix shifted toward higher manufacturing revenues (+10.2% in Manufacturing vs. +4.4% in Service and retailing) with industrial products up 23.6% YoY to $11.2 billion, partly due to acquisitions. These changes materially altered segment profit contributions and overall company revenue composition in the quarter ended March 31, 2026.
Key facts
- Total manufacturing, service and retailing revenues were $54,842 million in Q1 2026 versus $51,508 million in Q1 2025, an increase of 6.5%. source
- Net earnings attributable to Berkshire shareholders for the First Quarter: $10,106 million in 2026 and $4,603 million in 2025. source
- Pre-tax earnings as a percentage of revenues for manufacturing, service and retailing were 7.7% in Q1 2026 and 7.8% in Q1 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | realized | +8.7% | Net earnings attributable to Berkshire shareholders for the First Quarter: $10,106 million in 2026 and $4,603 million in 2025. |
| revenue | positive | realized | +5.3% | Total manufacturing, service and retailing revenues were $54,842 million in Q1 2026 versus $51,508 million in Q1 2025, an increase of 6.5%. |