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Verified earnings summary

Research updated: Jul 12, 2026, 12:00 AM UTC

BRK.B Q1 FY2026

Berkshire Hathaway reported results for the quarter ended March 31, 2026, with higher operating earnings across its consolidated businesses while equity-security price changes continued to make GAAP net earnings volatile.

This page provides a source-verified release summary. It does not display a normalized metric table or post-earnings market reaction until those fields are independently verified.

Constructive signals after the release

  • Disciplined underwriting across GEICO, Berkshire Hathaway Reinsurance Group, and primary insurers can provide low-cost float for investment.
  • Berkshire's large cash and Treasury-bill holdings provide capacity for acquisitions, securities purchases, operating investment, or repurchases when expected returns are attractive.
  • Earnings from insurance, BNSF, Berkshire Hathaway Energy, manufacturing, service, and retail can offset weakness in individual industries.

Risks that still need monitoring

  • Catastrophe and underwriting losses

    Large or unusual insured events can produce volatile claims, reserve uncertainty, and material quarterly underwriting losses.

  • Capital concentration and deployment

    Concentrated public-equity holdings and the difficulty of deploying a very large capital base can amplify market exposure or depress future returns.

  • Regulated and capital-intensive operations

    Railroad and utility returns depend on heavy investment, operational reliability, regulation, commodity flows, weather, and wildfire-related liabilities.

Primary sources

Berkshire Hathaway First Quarter 2026 Earnings ReleaseBerkshire Hathaway Inc. · earningsVerified

Fetched: 7/12/2026, 12:00:00 AM UTC

Published: 5/2/2026, 12:00:00 PM

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Berkshire Hathaway Annual and Interim ReportsBerkshire Hathaway Inc. · companyVerified

Fetched: 7/12/2026, 12:00:00 AM UTC

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Berkshire Hathaway Form 10-Q for the quarter ended March 31, 2026U.S. Securities and Exchange Commission · filingVerified

Fetched: 7/12/2026, 12:00:00 AM UTC

Published: 5/2/2026, 12:00:00 AM

Open original source

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