Berkshire Hathaway Boosts Buybacks, Reduces Cash Reserves Amid Strong Profits
WHO:
Inc - Greg Abel is the new CEO of Berkshire Hathaway.
Morningstar - Berkshire Hathaway, led by CEO Warren Buffett.
NY Post - Berkshire Hathaway.
WHAT:
Morningstar - Berkshire Hathaway's stock purchases included shares of Alphabet GOOGL, with $5 billion of Class A shares bought at $351.81 per share and another $5 billion of Class C stock at $348.20 per share.
Bloomberg - Berkshire Hathaway's second-quarter share repurchase activity was the largest quarterly outlay for its own shares since the first quarter of 2023.
Morningstar - Berkshire Hathaway's second-quarter operating profit rose to $12.98 billion, exceeding analyst forecasts.
Morningstar - Berkshire's stock repurchase activity in the second quarter of 2026 was the largest quarterly outlay for its own shares since the first quarter of 2023.
Morningstar - Berkshire Hathaway reported adjusted second-quarter operating results of $12.98 billion, a 16% increase from the previous year.
Morningstar - The company was a net buyer of stocks for the first time in nearly three years, purchasing $23.5 billion in common stock while selling $3.7 billion in equity securities.
Morningstar - Berkshire added $21.1 billion on a net basis to its commercial, industrial, and other holdings.
Morningstar - The company repurchased over $4.5 billion in Treasury shares during the second quarter, including 478 Class A shares for $350 million and 8.6 million Class B shares for $4.2 billion.
Morningstar - Year-to-date share repurchases reached close to $4.8 billion.
WHERE:
Morningstar - Berkshire Hathaway's operations include various sectors such as insurance, manufacturing, and energy.
WHEN:
Morningstar - The second quarter of 2026.
WHY:
Morningstar - The increase in operating profit was attributed to solid underwriting in its insurance businesses, despite a decrease in pricing over the past year.
Morningstar - The increase in operating profit was attributed to solid underwriting in its insurance businesses despite a decrease in pricing over the past year.
Morningstar - The company resumed its stock repurchase activity after six consecutive quarters without repurchases.
HOW:
Morningstar - Berkshire's repurchase of shares was at approximately 1.45 times the prior quarter’s book value per share, consistent with prices paid in 2023.
Morningstar - Berkshire Hathaway's stock purchases included $5 billion of Alphabet’s Class A shares at $351.81 per share and another $5 billion of its Class C stock at $348.20 per share.
Morningstar - The company’s repurchase of shares was at approximately 1.45 times the prior quarter’s book value per share.
(UPDATED August 10, 2026 16:15 UTC)
Berkshire Hathaway has made significant moves in the stock market, purchasing $5 billion worth of Class A shares of Alphabet at $351.81 per share, along with another $5 billion in Class C stock at $348.20 per share. In addition, the company's second-quarter share repurchase activity marked the largest quarterly outlay for its own shares since the first quarter of 2023. These strategic investments highlight Berkshire Hathaway's ongoing commitment to enhancing its portfolio.
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(UPDATED August 10, 2026 11:19 UTC)
Greg Abel has been named the new CEO of Berkshire Hathaway, taking the helm as the company reports a second-quarter operating profit of $12.98 billion, which surpassed analyst expectations. This impressive profit was largely driven by strong performance in its insurance businesses, even as pricing has declined over the past year. Additionally, Berkshire's stock repurchase activity in the second quarter of 2026 marked the largest quarterly outlay for its own shares since early 2023, with repurchases occurring at about 1.45 times the previous quarter’s book value per share.
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(UPDATED August 10, 2026 10:21 UTC)
Berkshire Hathaway, led by CEO Warren Buffett, reported impressive adjusted second-quarter operating results of $12.98 billion, marking a 16% increase from the previous year. The company was a net buyer of stocks for the first time in nearly three years, purchasing $23.5 billion in common stock while selling $3.7 billion in equity securities, and it also repurchased over $4.5 billion in Treasury shares during the quarter. This resurgence in stock repurchase activity comes after six consecutive quarters without any repurchases, driven by solid underwriting in its insurance businesses despite a decrease in pricing over the past year.