Berkshire Hathaway Inc. reported significant financial performance in its latest 10-Q filing for the second quarter and first six months of 2026, with total revenues reaching $101.8 billion and $195.5 billion, respectively. This marks an increase of 10.5% in the second quarter and 7.2% in the first half compared to the same periods in 2025. The company’s net earnings attributable to shareholders were $25.7 billion for the second quarter and $35.8 billion for the first six months, reflecting substantial growth from $12.4 billion and $17.1 billion in the prior year periods.
The filing highlighted several strategic developments, including the acquisition of Occidental Petroleum Corporation’s chemicals business for approximately $9.4 billion, completed on January 2, 2026. Additionally, Berkshire announced the acquisition of Taylor Morrison Home Corporation for about $6.8 billion, finalized on July 24, 2026. These acquisitions are expected to enhance Berkshire's portfolio in the chemicals and homebuilding sectors, respectively.
Operationally, Berkshire Hathaway's insurance segment saw a decline in underwriting earnings, with GEICO reporting a loss ratio of 76.6% in the second quarter, up from 71.8% in the previous year. This increase was attributed to higher claims frequencies and severities. However, the company experienced growth in its manufacturing, service, and retailing sectors, with revenues increasing by 15.2% in the second quarter, driven by strong performance in industrial products and services. BNSF, the railroad subsidiary, reported a 14.6% increase in operating revenues, benefiting from higher shipping volumes and improved operational efficiencies.
Berkshire's balance sheet remains robust, with total assets amounting to $1.26 trillion as of June 30, 2026, up from $1.22 trillion at the end of 2025. Shareholders' equity increased to $750.2 billion, reflecting a strong capital base. The company’s cash and cash equivalents, along with U.S. Treasury Bills, totaled $359.2 billion, underscoring its liquidity position. Looking ahead, Berkshire anticipates continued growth, although it acknowledges potential risks from macroeconomic factors and market volatility that could impact its diverse business operations and investment portfolio.
About BERKSHIRE HATHAWAY INC
Berkshire Hathaway Inc. is a diversified holding company with subsidiaries in insurance, freight rail transportation, energy, manufacturing, services, and retail. Its core businesses include property and casualty insurance, reinsurance, railroad operations through BNSF Railway, and energy generation and distribution via Berkshire Hathaway Energy. The company operates with a decentralized management model, serving primarily U.S. and international markets, leveraging strong capital positions, broad industry expertise, and long-term investment strategies.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
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View the complete official filing on the SEC website.
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