Berkshire Hathaway Earnings Today: Warren Buffett’s Next Big Move and What It Means for Investors

OMAHA, Neb.—Berkshire Hathaway (NYSE: BRK.A, BRK.B) reported second-quarter 2025 operating earnings of $11.16 billion, down 4 percent from the prior-year period, as weaker insurance underwriting and currency losses offset higher investment income. Net earnings attributable to shareholders fell to $12.37 billion, or $8,601 per Class A share, compared with $30.35 billion a year earlier, when unrealized equity gains artificially inflated results. Key takeaways • Insurance: Underwriting profit slid to $1.99 billion from $2.26 billion. Float rose to a record $174 billion, giving Warren Buffett more firepower for future investments. • BNSF Railway: Profit edged up 19 percent to $1.47 billion as intermodal volumes improved. • Berkshire Hathaway Energy: Earnings advanced 7 percent to $702 million despite regulatory headwinds. • Manufacturing, Service & Retail: Segment income climbed 7 percent to $3.60 billion, led by precision-parts maker Precision Castparts and housing subsidiary Clayton Homes. • Cash pile: Cash and Treasury holdings ended June at $156 billion, just shy of last quarter’s record. • Buybacks: Berkshire repurchased no shares in Q2, frustrating investors who expected at least a modest allocation. Market reaction BRK.B slipped more than 2 percent in early Monday trading as the absence of buybacks and softer earnings tempered enthusiasm. The Class A stock remains up roughly 8 percent year-to-date, outperforming the S&P 500’s 6 percent gain. Why it matters With U.S. tariffs on Chinese goods set to expand in September, analysts are watching how Buffett redeploys Berkshire’s growing cash hoard. The company has been a net seller of equities for 11 straight quarters, trimming stakes in Apple and Chevron while adding to Occidental Petroleum. Persistent caution suggests Berkshire’s 94-year-old chairman still views the broader market as overpriced. Looking ahead Berkshire will file its 10-Q in the coming days, offering granular detail on its $365 billion equity portfolio and latest insurance reserve assumptions. Investors will also parse management commentary at the annual Kansas City Southern-BNSF freight conference later this month for clues on rail demand. SEO keywords: Berkshire Hathaway Q2 2025 earnings, Warren Buffett cash pile, BRK.B share price, Berkshire insurance float, Berkshire buybacks, Berkshire Hathaway Energy, BNSF Railway performance.