BRK-B · 10-Q · 2026Q2 · Full report

Revenue Performance and Mix

BERKSHIRE HATHAWAY INC · 2026-08-10 · Importance 69 · Surprise 64 · No source text

Net earnings attributable to Berkshire shareholders increased to $25.667 billion in the second quarter of 2026 from $12.370 billion in the second quarter of 2025, and to $35.773 billion for the first six months from $16.973 billion. Second-quarter investment gains increased to $12.684 billion from $4.970 billion, while first-half investment gains were $11.444 billion compared with a $68 million loss in 2025. First-half operating earnings increased across BNSF to $2.935 billion from $2.680 billion, BHE to $2.005 billion from $1.802 billion, and manufacturing, service and retailing to $7.669 billion from $6.661 billion, partly offset by an $522 million decline in insurance investment income.

Key facts

Impact estimates

metricdirectionstageexpectedbasis
revenuepositiverealized+16.4%Total manufacturing, service and retailing revenues Q2 2026: $61,502 million; YTD 2026: $116,344 million (15.2% and 10.9% increases…
liabilitynegativerealizedGEICO premiums written in second quarter 2026: $11,124 million and in first six months 2026: $22,798 million
cashpositiverealizedGEICO premiums written in second quarter 2026: $11,124 million and in first six months 2026: $22,798 million
revenuepositiverealizedGEICO premiums earned in second quarter 2026: $11,291 million and in first six months 2026: $22,477 million