## Berkshire Hathaway’s Q2 Earnings: Tariffs and Transition
Here’s a quick rundown of Berkshire Hathaway’s latest earnings report, highlighting key takeaways:
- Operating Earnings Dip: Berkshire’s operating profit decreased by 4% year-over-year to $11.16 billion in Q2.
- Tariff Concerns: The company, led by Warren Buffett, warned of potential negative impacts from U.S. tariffs on its various businesses and investments. They cited “considerable uncertainty” regarding the outcome of international trade policies.
- Mixed Business Performance: While insurance underwriting declined, railroads, energy, manufacturing, service, and retailing saw higher profits compared to the previous year.
- Cash Hoard Remains High: Buffett’s cash pile is still substantial 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 decline in share price, 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.
- Leadership Transition: 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