Berkshire Hathaway released its second-quarter 2026 earnings on August 10. The company repurchased approximately $4.53 billion of its Class A and Class B shares. This activity marks the largest quarterly buyback in five years. Total spending on share repurchases since mid-2018 now exceeds $82 billion.
CEO Greg Abel led the increased buyback activity to signal confidence in the firm's intrinsic value. Cash and Treasury bill holdings decreased to $364.7 billion. This liquidity level fell from a record high reported in the previous quarter.
Adjusted operating revenue rose 10.0% year-over-year. Total revenue reached $101.8 billion for the period. Adjusted operating earnings increased by 16.3%. These earnings totaled $13.0 billion for the second quarter.