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Berkshire Hathaway boosts stock buys, reports strong Q2 profit led by BNSF and new CEO Greg Abel.

Company Fundamentals
09 Aug 2026
New York Post
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Bullish
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Berkshire Hathaway reduced its cash reserves by investing billions in stocks like Alphabet and repurchasing $7.8 billion of its own shares in Q2 and July. The conglomerate reported a 16% rise in operating profit to $12.98 billion, driven by gains at BNSF railroad and other service units, despite weakness at Geico insurance. Net income more than doubled to $25.67 billion, reflecting unrealized stock gains. New CEO Greg Abel, succeeding Warren Buffett, is gradually shaping the company's capital strategy amid ongoing economic uncertainties. Geico's underwriting profit fell 45%, raising concerns, while other segments like Berkshire Hathaway Energy saw strong growth.

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