## 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 warned of potential negative impacts from U.S. tariffs on its businesses and investments, citing “considerable uncertainty.”
- Cash Hoard Remains High: Buffett’s cash pile is still substantial 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 2025.
- No Stock Repurchases: Despite a share price decline, Berkshire did not 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