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Q2 2026 10-Q: net earnings $25,667m (a year earlier $12,370m), including after-tax investment gains of $12,684m. In May and June the company bought 478 Class A and 8.6m Class B shares; the standard is 'when the CEO, after consulting the Chairman, believes the price is below intrinsic value'. Cash and Treasury bills $359.2bn; the five largest holdings (Alphabet, American Express, Apple, Bank of America, Coca-Cola) are 66% of the equity portfolio. OxyChem bought for $9.4bn in January, Taylor Morrison for $6.8bn in July
Berkshire Hathaway (BRK-B) reported net earnings attributable to shareholders of $25,667m for the second quarter of 2026, double the $12,370m of a year earlier. The Part II share-repurchase table in the 10-Q filed on August 10 shows purchases jumping from $235m in Q1: in May and June the company bought 478 Class A and 8,598,193 Class B shares in the market.
Berkshire bought back its own shares in the second quarter: 478 Class A shares and about 8.6 million Class B shares in May and June, $4.8 billion for the first half. Its stated condition is that the chief executive, after consulting the chairman, judges the share price to be below what the business is actually worth, and buying stops if cash falls below $30 billion. Of the $25.67 billion of second-quarter profit, about half, $12.684 billion, is the rise in value of shares it owns in other companies rather than money earned from operations.
40 Filing score · Moderate
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Under the program, purchases occur only when the CEO judges the share price to be below intrinsic value. The remaining figures and what they mean are in the subscriber section of this article.
After-tax investment gains were $12,684m in Q2 ($4,970m a year earlier), and the prior-year quarter included a $3,760m impairment of the Kraft Heinz stake. The remaining figures and what they mean are in the subscriber section of this article.
About $9.4bn was spent on OxyChem on January 2, and Taylor Morrison Home was acquired for about $6.8bn on July 24 (Q3). The remaining figures and what they mean are in the subscriber section of this article.
On SEC EDGAR: Berkshire's Q2 2026 Form 10-Q (accession 0001193125-26-341032), the Part II Item 2 repurchase table, the MD&A after-tax earnings summary and liquidity section, and the equity-securities note.
Open the filing cited at the bottom of the article (e.g. the 10-Q note number) on SEC EDGAR via the link at the end of the article.
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