{"success":true,"data":{"pressRelease":{"id":"17819","rtpr_id":"nBw1brXmma","ticker":"BRKA","exchange":"NYSE","all_tickers":["BRKA"],"title":"Berkshire Hathaway Inc. First Quarter 2026 Earnings Release","author":"Business Wire","published_at":"2026-05-02T12:00:00.106Z","article_body":"Berkshire Hathaway Inc. First Quarter 2026 Earnings Release\n\n(BRK.A; BRK.B) –\n\nBerkshire’s operating results for the first quarters of 2026 and 2025 are\nsummarized in the following paragraphs. However, we urge investors and\nreporters to read our 10-Q, which has been posted at www.berkshirehathaway.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.berkshirehathaway.com%2F&esheet=54527083&newsitemid=20260502322193&lan=en-US&anchor=www.berkshirehathaway.com&index=1&md5=94cdf2b9b0610ad0c8b91bddbfbe476e)\n. The limited information that follows in this press release is not adequate\nfor making an informed investment judgment.\n\nEarnings of Berkshire Hathaway Inc. and its consolidated subsidiaries for the\nfirst quarters of 2026 and 2025 are summarized below. Earnings are stated on\nan after-tax basis. (Dollar amounts are in millions, except for per share\namounts).\n                                                      First Quarter                       \n                                                          2026                2025        \n                                                                                          \n Net earnings attributable to Berkshire shareholders  $   10,106          $   4,603       \n Net earnings includes:                                                                   \n Investment gains (losses)                                (1,240  )           (5,038  )   \n Operating earnings                                       11,346              9,641       \n Net earnings attributable to Berkshire shareholders  $   10,106          $   4,603       \n\n Net earnings per average equivalent Class A Share   $  7,027        $  3,200      \n Net earnings per average equivalent Class B Share*  $  4.68         $  2.13       \n\n Average equivalent Class A shares outstanding      1,438,124                1,438,223          \n Average equivalent Class B shares outstanding      2,157,185,889            2,157,335,139      \n                                                                                                \n \n                                                                                              \n \n* Per share amounts for the Class B shares are 1/1,500(th) of those shown for                 \n Class A.                                                                                       \n\n\nGenerally Accepted Accounting Principles (“GAAP”) require that we include\nthe changes in unrealized gains (losses) of our equity security investments as\na component of investment gains (losses) in our earnings statements. In the\ntable above, investment gains (losses) include losses of approximately $7.0\nbillion in the first quarter of 2026 and $7.4 billion in the first quarter of\n2025 due to changes during the first quarters of 2026 and 2025 in the amount\nof unrealized gains that existed in our equity security investment holdings.\nInvestment gains (losses) also include after-tax realized gains on sales of\ninvestments of $5.8 billion in the first quarter of 2026 and $2.4 billion in\nthe first quarter of 2025.\n\nThe amount of investment gains (losses) in any given quarter is usually\nmeaningless and delivers figures for net earnings per share that can be\nextremely misleading to investors who have little or no knowledge of\naccounting rules.\n\nAn analysis of Berkshire’s operating earnings follows (dollar amounts are in\nmillions).\n                                       First Quarter                      \n                                           2026                2025       \n                                                                          \n Insurance-underwriting                $   1,717           $   1,336      \n Insurance-investment income               2,679               2,893      \n BNSF                                      1,377               1,214      \n Berkshire Hathaway Energy Company         1,114               1,097      \n Manufacturing, service and retailing      3,199               3,060      \n Other*                                    1,260               41         \n Operating earnings                    $   11,346          $   9,641      \n                                                                          \n \n                                                                        \n \n* Includes foreign currency exchange gains of $249 million in 2026 and foreign \n currency exchange losses of $713 million in 2025. Also includes interest and \n dividend income related to U.S. Treasury Bills and other investments not \n directly owned by a Berkshire insurance subsidiary or certain non-insurance \n operating companies of $967 million in 2026 and $869 million in 2025.    \n\n\nOn March 31, 2026, there were 1,437,903 Class A equivalent shares outstanding.\nAt March 31, 2026, insurance float (the net liabilities we assume under\ninsurance contracts) was approximately $176.9 billion, an increase of\napproximately $500 million since yearend 2025.\n\nUse of Non-GAAP Financial Measures\n\nThis press release includes certain non-GAAP financial measures. The\nreconciliations of such measures to the most comparable GAAP figures in\naccordance with Regulation G are included herein.\n\nBerkshire presents its results in the way it believes will be most meaningful\nand useful, as well as most transparent, to the investing public and others\nwho use Berkshire’s financial information. That presentation includes the\nuse of certain non-GAAP financial measures. In addition to the GAAP\npresentations of net earnings, Berkshire shows operating earnings defined as\nnet earnings exclusive of investment gains (losses), impairments of goodwill\nand intangible assets and other-than-temporary impairments of equity method\ninvestments.\n\nAlthough the investment of insurance and reinsurance premiums to generate\ninvestment income and investment gains or losses is an integral part of\nBerkshire’s operations, the generation of investment gains or losses is\nindependent of the insurance underwriting process. Moreover, as previously\ndescribed, under applicable GAAP accounting requirements, we are required to\ninclude the changes in unrealized gains (losses) of our equity security\ninvestments as a component of investment gains (losses) in our periodic\nearnings statements. In sum, investment gains (losses) for any particular\nperiod are not indicative of quarterly business performance.\n\nAbout Berkshire\n\nBerkshire Hathaway and its subsidiaries engage in diverse business activities\nincluding insurance and reinsurance, freight rail transportation, utilities\nand energy, manufacturing, service and retailing. Common stock of the company\nis listed on the New York Stock Exchange, trading symbols BRK.A and BRK.B.\n\nCautionary Statement\n\nCertain statements contained in this press release are “forward looking”\nstatements within the meaning of the Private Securities Litigation Reform Act\nof 1995. These statements are not guaranties of future performance and actual\nresults may differ materially from those forecasted.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260502322193/en/\n(https://www.businesswire.com/news/home/20260502322193/en/)\n\nMarc D. Hamburg\n\n402-346-1400\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw1brXmma","title":"Berkshire Hathaway Inc. First Quarter 2026 Earnings Release","author":"Business Wire","ticker":"BRKA","created":"2026-05-02T12:00:00.106Z","tickers":["BRKA"],"exchange":"NYSE","article_body":"Berkshire Hathaway Inc. First Quarter 2026 Earnings Release\n\n(BRK.A; BRK.B) –\n\nBerkshire’s operating results for the first quarters of 2026 and 2025 are\nsummarized in the following paragraphs. However, we urge investors and\nreporters to read our 10-Q, which has been posted at www.berkshirehathaway.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.berkshirehathaway.com%2F&esheet=54527083&newsitemid=20260502322193&lan=en-US&anchor=www.berkshirehathaway.com&index=1&md5=94cdf2b9b0610ad0c8b91bddbfbe476e)\n. The limited information that follows in this press release is not adequate\nfor making an informed investment judgment.\n\nEarnings of Berkshire Hathaway Inc. and its consolidated subsidiaries for the\nfirst quarters of 2026 and 2025 are summarized below. Earnings are stated on\nan after-tax basis. (Dollar amounts are in millions, except for per share\namounts).\n                                                      First Quarter                       \n                                                          2026                2025        \n                                                                                          \n Net earnings attributable to Berkshire shareholders  $   10,106          $   4,603       \n Net earnings includes:                                                                   \n Investment gains (losses)                                (1,240  )           (5,038  )   \n Operating earnings                                       11,346              9,641       \n Net earnings attributable to Berkshire shareholders  $   10,106          $   4,603       \n\n Net earnings per average equivalent Class A Share   $  7,027        $  3,200      \n Net earnings per average equivalent Class B Share*  $  4.68         $  2.13       \n\n Average equivalent Class A shares outstanding      1,438,124                1,438,223          \n Average equivalent Class B shares outstanding      2,157,185,889            2,157,335,139      \n                                                                                                \n \n                                                                                              \n \n* Per share amounts for the Class B shares are 1/1,500(th) of those shown for                 \n Class A.                                                                                       \n\n\nGenerally Accepted Accounting Principles (“GAAP”) require that we include\nthe changes in unrealized gains (losses) of our equity security investments as\na component of investment gains (losses) in our earnings statements. In the\ntable above, investment gains (losses) include losses of approximately $7.0\nbillion in the first quarter of 2026 and $7.4 billion in the first quarter of\n2025 due to changes during the first quarters of 2026 and 2025 in the amount\nof unrealized gains that existed in our equity security investment holdings.\nInvestment gains (losses) also include after-tax realized gains on sales of\ninvestments of $5.8 billion in the first quarter of 2026 and $2.4 billion in\nthe first quarter of 2025.\n\nThe amount of investment gains (losses) in any given quarter is usually\nmeaningless and delivers figures for net earnings per share that can be\nextremely misleading to investors who have little or no knowledge of\naccounting rules.\n\nAn analysis of Berkshire’s operating earnings follows (dollar amounts are in\nmillions).\n                                       First Quarter                      \n                                           2026                2025       \n                                                                          \n Insurance-underwriting                $   1,717           $   1,336      \n Insurance-investment income               2,679               2,893      \n BNSF                                      1,377               1,214      \n Berkshire Hathaway Energy Company         1,114               1,097      \n Manufacturing, service and retailing      3,199               3,060      \n Other*                                    1,260               41         \n Operating earnings                    $   11,346          $   9,641      \n                                                                          \n \n                                                                        \n \n* Includes foreign currency exchange gains of $249 million in 2026 and foreign \n currency exchange losses of $713 million in 2025. Also includes interest and \n dividend income related to U.S. Treasury Bills and other investments not \n directly owned by a Berkshire insurance subsidiary or certain non-insurance \n operating companies of $967 million in 2026 and $869 million in 2025.    \n\n\nOn March 31, 2026, there were 1,437,903 Class A equivalent shares outstanding.\nAt March 31, 2026, insurance float (the net liabilities we assume under\ninsurance contracts) was approximately $176.9 billion, an increase of\napproximately $500 million since yearend 2025.\n\nUse of Non-GAAP Financial Measures\n\nThis press release includes certain non-GAAP financial measures. The\nreconciliations of such measures to the most comparable GAAP figures in\naccordance with Regulation G are included herein.\n\nBerkshire presents its results in the way it believes will be most meaningful\nand useful, as well as most transparent, to the investing public and others\nwho use Berkshire’s financial information. That presentation includes the\nuse of certain non-GAAP financial measures. In addition to the GAAP\npresentations of net earnings, Berkshire shows operating earnings defined as\nnet earnings exclusive of investment gains (losses), impairments of goodwill\nand intangible assets and other-than-temporary impairments of equity method\ninvestments.\n\nAlthough the investment of insurance and reinsurance premiums to generate\ninvestment income and investment gains or losses is an integral part of\nBerkshire’s operations, the generation of investment gains or losses is\nindependent of the insurance underwriting process. Moreover, as previously\ndescribed, under applicable GAAP accounting requirements, we are required to\ninclude the changes in unrealized gains (losses) of our equity security\ninvestments as a component of investment gains (losses) in our periodic\nearnings statements. In sum, investment gains (losses) for any particular\nperiod are not indicative of quarterly business performance.\n\nAbout Berkshire\n\nBerkshire Hathaway and its subsidiaries engage in diverse business activities\nincluding insurance and reinsurance, freight rail transportation, utilities\nand energy, manufacturing, service and retailing. Common stock of the company\nis listed on the New York Stock Exchange, trading symbols BRK.A and BRK.B.\n\nCautionary Statement\n\nCertain statements contained in this press release are “forward looking”\nstatements within the meaning of the Private Securities Litigation Reform Act\nof 1995. These statements are not guaranties of future performance and actual\nresults may differ materially from those forecasted.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260502322193/en/\n(https://www.businesswire.com/news/home/20260502322193/en/)\n\nMarc D. Hamburg\n\n402-346-1400\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-05-02T12:00:00.162963778Z","server_sent_at_ms":1777723200162},"received_at":"2026-05-02T12:00:00.222Z","source_url":"https://www.businesswire.com/news/home/20260502322193/en/"},"analysis":null,"durationMs":null,"modelName":null}}