## Berkshire Hathaway’s Q2 Earnings: Tariffs and Transition
Here’s a quick rundown of Berkshire Hathaway’s latest financial performance:
- Operating Earnings Dip: Berkshire’s operating profit decreased by 4% year-over-year to $11.16 billion in Q2, impacted by a decline in insurance underwriting.
- Tariff Warning: The company, led by Warren Buffett, again warned of the negative impacts of U.S. tariffs on its businesses and investments.
- Uncertainty Ahead: Berkshire stated that “considerable uncertainty remains” regarding the outcome of international trade policies and tariffs, potentially affecting its operating businesses and investments.
- Cash Hoard Remains High: Buffett’s cash pile is still near a record high, at $344.1 billion, though slightly down from the previous quarter.
- Net Seller of Stocks: Berkshire continued to sell stocks, marking the 11th consecutive quarter of net selling, with $4.5 billion in equities dumped in the first half of 2025.
- No Stock Repurchases: Despite a share price decline, Berkshire did not repurchase any stock in the first half of 2025.
- Kraft Heinz Write-Down: A $3.8 billion loss was written down from its Kraft Heinz stake, and two Berkshire executives resigned from the Kraft Heinz board.
- Buffett’s Departure: This is the first earnings report since Buffett announced his retirement as CEO at the end of 2025, with Greg Abel set to take over.
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Source: https://www.cnbc.com/2025/08/02/berkshire-hathaway-brk-earnings-q2-2025.html