BRK-B · 10-Q · 2026Q2 · Full report

Industrial and Aerospace Demand

BERKSHIRE HATHAWAY INC · 2026-08-10 · Importance 58 · Surprise 56 · In source text

Precision Castparts revenue increased 11.4% in the first six months to $6.0 billion and 14.4% in the second quarter to $3.1 billion. PCC earnings increased 33.6% year to date and 34.2% in the second quarter, driven by aerospace and industrial-gas-turbine sales growth, manufacturing efficiencies and favorable business mix. IMC revenue increased 23.6% year to date to approximately $2.5 billion, while pre-tax earnings increased 56.6% on higher sales and gross-margin rates. Industrial products as a whole generated $23.3 billion of first-half revenue and increased pre-tax earnings 32.2%, partly reflecting acquisitions and growth at existing businesses.

Key facts

• Industrial products revenues were $12,150 million in the second quarter and $23,346 million in the first six months of 2026, increases of 27.3% and 25.5% respectively versus 2025. source
• PCC’s revenues were $3.1 billion in the second quarter and $6.0 billion in the first six months of 2026, increases of 14.4% and 11.4% respectively compared to 2025; PCC’s pre-tax earnings increased 34.2% in the second quarter and 33.6% in the first six months of 2026 versus 2025. source
• Earnings increases from aviation services were primarily attributable to increased revenues, partially offset by higher flight crew and instructor costs and higher maintenance, fuel, subcontract and other variable costs. source

Impact estimates