Berkshire Hathaway Reports $10.1 Billion Net Earnings in Q1 2026

Berkshire Hathaway Inc. reported a significant increase in financial performance for the first quarter of 2026, with net earnings attributable to shareholders reaching $10.1 billion, compared to $4.6 billion in the same period of 2025. This translates to earnings per share of $7.03 for Class A shares and $4.68 for Class B shares, marking a substantial rise from $3.20 and $2.13, respectively, in the prior year. Total revenues for the quarter amounted to $93.7 billion, up from $89.7 billion in the first quarter of 2025, driven by growth across various business segments, particularly in manufacturing and service sectors.

The company experienced notable changes in its operational metrics compared to the previous fiscal period. Insurance premiums earned increased to $22 billion from $21.8 billion, while sales and service revenues rose to $50.9 billion from $47.8 billion. The railroad, utilities, and energy segment also contributed positively, with revenues climbing to $12.6 billion from $12 billion. However, investment losses were reported at $1.6 billion, a significant improvement from the $6.4 billion loss recorded in the first quarter of 2025, reflecting a more favorable market environment.

Strategically, Berkshire Hathaway completed the acquisition of Occidental Petroleum Corporation’s chemicals business, OxyChem, for approximately $9.5 billion, which is expected to enhance its portfolio in the chemicals sector. This acquisition aligns with Berkshire's long-term strategy of acquiring businesses with consistent earning power and strong management. The company also reported an increase in cash and cash equivalents to $58.8 billion, up from $42.9 billion a year earlier, indicating a strong liquidity position.

Operationally, Berkshire Hathaway's diverse business segments showed varied performance. The manufacturing sector saw revenues increase by 10.2% to $20.7 billion, while service and retailing revenues rose by 4.4% to $34.2 billion. BNSF, the railroad subsidiary, reported a 5% increase in operating revenues, driven by higher freight volumes and improved pricing. The company’s employee headcount remained stable, with no significant changes reported in staffing levels across its subsidiaries.

Looking ahead, Berkshire Hathaway's management expressed cautious optimism regarding future performance, acknowledging potential risks from macroeconomic factors and geopolitical events. The company emphasized its commitment to maintaining a strong capital base and liquidity, with plans to continue investing in high-quality businesses. The outlook remains positive, with expectations for continued growth in core operations, although the volatility of investment gains and losses may impact overall earnings in the future.