Berkshire Hathaway Q3 2026 Earnings Beat and $23.5 Billion Stock Buying Spree
As seen on the 24/7 Wall St. homepage on August 11, 2026.
Berkshire became a net buyer of stocks for the first time in over three years, putting roughly $23.5 billion into equities including a $10 billion private placement in Alphabet. Watch whether the buying continues alongside the $4.5 billion of repurchases.
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Berkshire's GAAP earnings per Class A share of $17,868 beat expectations, though management itself flagged that investment gains are "usually meaningless" and can produce "extremely misleading" results. Operating earnings rose to $12.98 billion from $11.16 billion a year ago.
After more than three years as a consistent net seller of equities, the company deployed roughly $23.5 billion into stocks during the quarter, headlined by a $10 billion private placement in Alphabet.
Berkshire also repurchased $4.5 billion of its own shares during the period, and whether that pace continues next quarter is the clearest read on how management views current valuations.
Mentioned: GOOGL