Berkshire Q2 2026 net income $25.67 billion, half from investment gains
Berkshire's second-quarter net income jumped to $25.667 billion from $12.370 billion, but $12.684 billion of that was investment gains the company itself calls meaningless quarter to quarter. Strip those out and operating earnings still rose 16.3% to $12.983 billion. Underwriting and insurance investment income both slipped, which is why the quarter reads better on the headline than underneath.
1 · Expected vs. Actual
Free preview belowGAAP earnings came to $11.91 per Class B share, up from $5.73 a year ago, a 107.9% increase. The consensus figure supplied here, 7,594.5732, sits on a completely different scale from that $11.91, so this input does not support a clean beat-or-miss call. Nearly half of net earnings came from investment gains, the line the company warns readers not to annualize.
Revenue rose 14.2% to $70.115 billion from $61.406 billion a year earlier, the strongest quarter among the eight periods shown here. Be careful with the segment table in this filing: those six lines add up to $12.983 billion, which is operating earnings, not revenue, so do not expect them to sum to $70 billion.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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