Berkshire Hathaway Reports 16% Rise in Quarterly Operating Profit, Boosts Stock Buybacks
Berkshire Hathaway's quarterly operating profit increased by 16% to $12.98 billion, exceeding analyst expectations. In response, the company is increasing its stock buybacks and reducing its cash holdings.
New York, NY, August 9, 2026 —
Berkshire Hathaway announced its quarterly operating profit has risen by 16 percent, reaching $12.98 billion. This figure surpassed the expectations of financial analysts.
Following the release of these earnings, the company has indicated plans to increase its stock buyback program. Concurrently, Berkshire Hathaway intends to reduce its substantial cash reserves.
The specific details regarding the extent of the increased stock buybacks and the target reduction in cash holdings were not immediately provided.
Berkshire Hathaway, led by Warren Buffett, is a conglomerate with diverse holdings across various sectors, including insurance, energy, manufacturing, and retail.
The company’s financial performance is closely watched as an indicator of the broader economic landscape.
Story summarized from the original created by Reuters on nypost.com, see more information here.