UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (D)
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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Trading |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act. ☐
| ITEM 2.02 | Results of Operations and Financial Condition. |
On August 8, 2026, Berkshire Hathaway Inc. issued a press release announcing the Company’s earnings for the second quarter and first six months ended June 30, 2026. A copy of this press release is furnished with this report as an exhibit to this Form 8-K.
| ITEM 9.01 | Financial Statements and Exhibits |
| Exhibit 99.1 Berkshire Hathaway Inc. Earnings Release Dated August 8, 2026 |
| Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| August 11, 2026 | BERKSHIRE HATHAWAY INC. | |||||
| /s/ Charles C. Chang | ||||||
| By: Charles C. Chang | ||||||
| Senior Vice President and Chief Financial Officer | ||||||
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Exhibit 99.1
BERKSHIRE HATHAWAY INC.
NEWS RELEASE
| FOR IMMEDIATE RELEASE | August 8, 2026 |
Omaha, NE (BRK.A; BRK.B) –
Berkshire’s operating results for the second quarter and first six months of 2026 and 2025 are summarized in the following paragraphs. However, we urge investors and reporters to read our 10-Q, which has been posted at www.berkshirehathaway.com. The limited information that follows in this press release is not adequate for making an informed investment judgment.
Earnings of Berkshire Hathaway Inc. and its consolidated subsidiaries for the second quarter and first six months of 2026 and 2025 are summarized below. Earnings are stated on an after-tax basis. (Dollar amounts are in millions, except for per share amounts).
| Second Quarter | First Six Months | |||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||
| Net earnings attributable to Berkshire shareholders |
$ | 25,667 | $ | 12,370 | $ | 35,773 | $ | 16,973 | ||||||||
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| Net earnings includes: |
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| Investment gains (losses) |
12,684 | 4,970 | 11,444 | (68 | ) | |||||||||||
| Other-than-temporary impairment of investment in Kraft Heinz |
— | (3,760 | ) | — | (3,760 | ) | ||||||||||
| Operating earnings |
12,983 | 11,160 | 24,329 | 20,801 | ||||||||||||
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| Net earnings attributable to Berkshire shareholders |
$ | 25,667 | $ | 12,370 | $ | 35,773 | $ | 16,973 | ||||||||
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| Net earnings per average equivalent Class A Share |
$ | 17,868 | $ | 8,601 | $ | 24,889 | $ | 11,801 | ||||||||
| Net earnings per average equivalent Class B Share |
$ | 11.91 | $ | 5.73 | $ | 16.59 | $ | 7.87 | ||||||||
| Average equivalent Class A shares outstanding |
1,436,443 | 1,438,223 | 1,437,279 | 1,438,223 | ||||||||||||
| Average equivalent Class B shares outstanding |
2,154,664,073 | 2,157,335,139 | 2,155,918,015 | 2,157,335,139 | ||||||||||||
Note: Per share amounts for Class B shares are 1/1,500th of those shown for Class A shares.
In the table above, investment gains (losses) in each period predominantly relate to our investments in equity securities. Generally Accepted Accounting Principles (“GAAP”) require that we include the changes in unrealized gains (losses) of our equity security investments as a component of investment gains (losses) in our earnings statements. Investment gains (losses) in 2026 include gains of $10.9 billion in the second quarter and $3.9 billion in the first six months and in 2025 include gains of $1.5 billion in the second quarter and losses of $5.9 billion in the first six months due to changes during the second quarter and the first six months in the unrealized gains that existed in our equity security investment holdings. Investment gains (losses) in 2026 also include after-tax realized gains on sales of investments of $1.8 billion in the second quarter and $7.5 billion in the first six months and in 2025 include $4.2 billion in the second quarter and $6.6 billion in the first six months. Investment gains (losses) in the table above also include losses of $0.7 billion in the second quarter and first six months of 2025 from other investments.
The amount of investment gains (losses) in any given quarter is usually meaningless and delivers figures for net earnings per share that can be extremely misleading to investors who have little or no knowledge of accounting rules.
An analysis of Berkshire’s operating earnings follows (dollar amounts are in millions).
| Second Quarter | First Six Months | |||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||
| Insurance-underwriting |
$ | 1,731 | $ | 1,992 | $ | 3,448 | $ | 3,328 | ||||||||
| Insurance-investment income |
3,059 | 3,367 | 5,738 | 6,260 | ||||||||||||
| BNSF |
1,558 | 1,466 | 2,935 | 2,680 | ||||||||||||
| Berkshire Hathaway Energy Company |
891 | 702 | 2,005 | 1,799 | ||||||||||||
| Manufacturing, service and retailing |
4,470 | 3,601 | 7,669 | 6,661 | ||||||||||||
| Other* |
1,274 | 32 | 2,534 | 73 | ||||||||||||
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| Operating earnings |
$ | 12,983 | $ | 11,160 | $ | 24,329 | $ | 20,801 | ||||||||
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| * | Includes foreign currency exchange gains related to non-U.S. Dollar denominated debt in 2026 of $326 million in the second quarter and $575 million in the first six months and in 2025 includes foreign currency exchange losses of $877 million in the second quarter and $1.59 billion in the first six months. |
Berkshire acquired approximately $4.5 billion in treasury shares during the second quarter of 2026, bringing the six-month total to about $4.8 billion. On June 30, 2026, there were 1,431,693 Class A equivalent shares outstanding. At June 30, 2026, insurance float (the net liabilities we assume under insurance contracts) was approximately $177.5 billion, an increase of approximately $1.1 billion since yearend 2025.
Use of Non-GAAP Financial Measures
This press release includes certain non-GAAP financial measures. The reconciliations of such measures to the most comparable GAAP figures in accordance with Regulation G are included herein.
Berkshire presents its results in the way it believes will be most meaningful and useful, as well as most transparent, to the investing public and others who use Berkshire’s financial information. That presentation includes the use of certain non-GAAP financial measures. In addition to the GAAP presentations of net earnings, Berkshire shows operating earnings defined as net earnings exclusive of investment gains (losses), impairments of goodwill and intangible assets and other-than-temporary impairments of equity method investments.
Although the investment of insurance and reinsurance premiums to generate investment income and investment gains or losses is an integral part of Berkshire’s operations, the generation of investment gains or losses is independent of the insurance underwriting process. Moreover, as previously described, under applicable GAAP accounting requirements, we are required to include the changes in unrealized gains (losses) of our equity security investments as a component of investment gains (losses) in our periodic earnings statements. In sum, investment gains (losses) for any particular period are not indicative of quarterly business performance.
About Berkshire
Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, services and retailing. Common stock of the company is listed on the New York Stock Exchange, trading symbols BRK.A and BRK.B.
Cautionary Statement
Certain statements contained in this press release are “forward looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guaranties of future performance and actual results may differ materially from those forecasted.
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Contact
Chuck Chang
402-346-1400