## Berkshire Hathaway’s Q2 Earnings: Tariffs and Transition
Here’s a quick rundown of Berkshire Hathaway’s latest earnings report:
- 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, under the leadership of Warren Buffett, again warned of the negative impacts of U.S. tariffs on its businesses and investments.
- Uncertainty Ahead: Berkshire stated that the “pace of changes” from trade policies and tariffs accelerated in the first half of 2025, with “considerable uncertainty” about the ultimate outcome.
- Cash Hoard Remains High: Buffett’s cash pile is still massive, 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, dumping $4.5 billion in equities in the first six months of 2025.
- No Stock Repurchases: Despite a decline in share price, Berkshire didn’t 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.
- Leadership Transition: This is the first earnings report since Buffett announced his plans to step down as CEO at the end of 2025, with Greg Abel set to take over.
For more details, check out the original article [here](insert_original_article_link_here).
Source: https://www.cnbc.com/2025/08/02/berkshire-hathaway-brk-earnings-q2-2025.html