Berkshire Hathaway's operating earnings rose 16% in the second quarter of 2026 to $12.98 billion from $11.16 billion a year earlier:
CEO Greg Abel is starting to deploy the record cash hoard amassed by Warren Buffett for buybacks and stock purchases:
Berkshire reversed a pattern of selling stocks, becoming a net buyer of equities in the second quarter with nearly $20 billion in net purchases:
Putting money to work
Berkshire's cash pile declined to $365.5 billion at the end of June from a record $397.4 billion three months earlier as the conglomerate deployed capital through other investments:
Berkshire shares are up just 3% on the year, underperforming the S&P 500's 13% gain:
Additionally, Alphabet is now among Berkshire's five largest equity holdings:
