## Berkshire Hathaway Warns of Tariffs and Prepares for a New Era
Here’s a quick rundown of Berkshire Hathaway’s latest earnings report:
- Operating Earnings Dip: Berkshire Hathaway’s operating profit decreased 4% year-over-year to $11.16 billion in Q2.
- Tariff Concerns: The company issued a strong warning about the negative impacts of U.S. tariffs on its businesses and investments, citing “considerable uncertainty.”
- Mixed Business Performance: While insurance underwriting declined, railroads, energy, manufacturing, service, and retailing saw profit increases.
- Cash Hoard Remains High: Buffett’s cash pile is still near a record high at $344.1 billion, though slightly lower than the previous quarter.
- Net Seller of Stocks: Berkshire continued to sell stocks, dumping $4.5 billion in equities in the first half of the year.
- No Stock Repurchases: Despite a share price decline, the company didn’t repurchase any stock.
- Kraft Heinz Write-Down: A $3.8 billion loss was recorded from its Kraft Heinz stake.
- Leadership Transition: This is the first earnings report since Warren 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