## Berkshire Hathaway’s Q2 Earnings: Tariffs and Transitions
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. This was primarily due to a decline in insurance underwriting, though other sectors like railroads and manufacturing saw profit increases.
- Tariff Concerns: The company, led by Warren Buffett, expressed strong concerns about the negative impacts of U.S. tariffs on its various businesses and investments, citing “considerable uncertainty” about the ultimate outcome.
- Cash Hoard Remains High: Berkshire’s cash reserves remain substantial, though slightly lower than the previous quarter, at $344.1 billion.
- Net Seller of Stocks: The company continued its trend of selling stocks, shedding $4.5 billion in equities during 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 the year.
- 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 Transition: This report is the first since Warren Buffett announced his plans to step down 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