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
- Total manufacturing, service and retailing revenues Q2 2026: $61,502 million; YTD 2026: $116,344 million (15.2% and 10.9% increases respectively) source
- GEICO premiums written in second quarter 2026: $11,124 million and in first six months 2026: $22,798 million source
- GEICO premiums earned in second quarter 2026: $11,291 million and in first six months 2026: $22,477 million source
- Service group revenues were $6,874 million in the second quarter and $13,308 million in the first six months of 2026 (table amounts shown), contributing to aggregate service and retailing revenues of $38,934 million in the second quarter and $73,104 million in the first six months of 2026. source
- Consumer products group revenues were $3.4 billion in the second quarter of 2026 and $6.9 billion in the first six months of 2026, declines of 2.0% and 1.8%, respectively, compared to 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +16.4% | Total manufacturing, service and retailing revenues Q2 2026: $61,502 million; YTD 2026: $116,344 million (15.2% and 10.9% increases… |
| liability | negative | realized | — | GEICO premiums written in second quarter 2026: $11,124 million and in first six months 2026: $22,798 million |
| cash | positive | realized | — | GEICO premiums written in second quarter 2026: $11,124 million and in first six months 2026: $22,798 million |
| revenue | positive | realized | — | GEICO premiums earned in second quarter 2026: $11,291 million and in first six months 2026: $22,477 million |