BRK-B · 10-Q · 2026Q2 · Full report

Revenue Performance and Mix

BERKSHIRE HATHAWAY INC · 2026-08-10 · Importance 54 · Surprise 40 · In source text

Manufacturing, service and retailing revenues increased 15.2% in the second quarter to $61.5 billion and 10.9% in the first six months to $116.3 billion, led by manufacturing growth of 13.0% and 11.6%, respectively. BNSF railroad operating revenues rose 14.6% in the second quarter to $6.6 billion and 9.8% in the first six months to $12.5 billion, as freight volumes increased 6.5% and 4.3%. Industrial products revenue increased 27.3% in the second quarter and 25.5% year to date, while service and retailing revenue increased 16.6% and 10.5%, respectively. Manufacturing revenue mix shifted toward industrial products, which generated $23.3 billion in first-half revenue, compared with $13.0 billion from building products and $6.9 billion from consumer products.

Key facts

• Service group revenues increased $1.2 billion (21.1%) in the second quarter and $2.1 billion (19.1%) in the first six months of 2026 relative to 2025, driven by TTI, aviation services and IPS. source
• Net earnings attributable to Berkshire shareholders for the second quarter of 2026: $25,667 million. source
• Net earnings attributable to Berkshire shareholders for the first six months of 2026: $35,773 million. source
• Service group revenues were $6,874 million in the second quarter of 2026 and $13,308 million in the first six months of 2026 (aggregate service + McLane + retailing + Pilot lines show total revenues of $38,934 million in quarter and $73,104 million in first six months as tabled). source
• Revenues increased in the first six months at TTI by 26.5%, aviation services by 15.5% and IPS by 22.5% in 2026 versus 2025. 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
• The revenue declines at the consumer products group were driven by reductions at Fruit of the Loom and Forest River, primarily attributable to lower sales volumes, unfavorable changes in sales mix and the impacts of exiting unprofitable lines of business at Fruit of the Loom, partially offset by higher average selling prices. source
• BHA’s revenue increased 0.5% in the second quarter and declined 1.3% in the first six months of 2026 compared to 2025. source

Impact estimates