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Operating earnings rose 16% to $12.98 billion, while the conglomerate spent $4.5 billion on buybacks and became a net buyer of equities
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Berkshire Hathaway $BRK.B reported operating earnings of $12.98 billion for the second quarter of 2026, a figure that compares with $11.16 billion in the same period last year, as CEO Greg Abel stepped up share repurchases and reversed a prolonged stretch of stock selling.
Abel, who took over from Warren Buffett at the start of the year, spent approximately $4.5 billion on buybacks during the quarter, a sharp increase from the $235 million deployed in the first three months of 2026, according to CNBC. Berkshire also swung to the buy side in equities during the quarter, accumulating nearly $20 billion in net purchases after having sold more stocks than it bought in each of the prior 14 quarters.
