Berkshire Hathaway’s cash pile declined for the first time in years after $13.0B in operating earnings and increased share repurchases.
Berkshire Hathaway’s cash reserves dropped in Q2 2026, marking the first decline in years as the conglomerate boosted stock buybacks. Operating earnings reached $13.0 billion, up roughly 16% year-over-year, while cash holdings fell to $365.5 billion.
The decline in cash follows a period of accumulation, with prior quarters showing steady growth. Analysts had anticipated continued cash buildup, but accelerated buyback activity drove the reduction. The company’s earnings growth outpaced consensus estimates for the quarter.
Markets reacted modestly to the report, with BRK.A shares showing limited movement in after-hours trading.