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Berkshire Hathaway announces quarterly earnings, cash reserves rise to a record high
ME News Report, May 2 (UTC+8), Berkshire Hathaway Class A (BRK.A.N) reported Q1 2026 revenue of $93.68B, compared to $89.73B in the same period last year, with a market expectation of $89.27B; net profit of $10.11B, compared to $4.6B in the same period last year, with a market expectation of $11.76B. The first quarter financial report shows that Berkshire Hathaway’s cash reserves soared to a record high of $397 billion, due to a net reduction of $8.1 billion in stock holdings in the first quarter. Additionally, total operating profit was $11.35 billion, up nearly 18% year-over-year. (Source: Jinshi)