Berkshire Hathaway Q3 FY26: $9.6B in Buybacks With $357B Still in Reserve
As seen on the 24/7 Wall St. homepage on November 7, 2026.
Berkshire more than doubled its buyback to $9.6 billion in Q3 while still sitting on roughly $357 billion in cash, a signal it finds its own shares cheaper than anything else on offer.
$BRK Berkshire Hathaway Q3 FY26. • $9.6B in buybacks (vs. $4.5B in Q2) • Cash & short-term securities: ~$357B • Net seller of stocks again (~$0.4B) • Operating earnings down 6% https://t.co/z729ijG58Z
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Berkshire more than doubled its share repurchase activity from one quarter to the next, spending $9.6 billion in Q3. Management sees its own stock as one of the better uses of capital available right now.
The cash pile is the other number worth sitting with, and at roughly $357 billion it remains enormous by any measure. Berkshire chose buybacks over acquisitions or equity stakes, and was again a net seller of stocks in the quarter.
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Operating earnings fell 6% year over year, which adds nuance to an otherwise constructive buyback story. The repurchase decision reflects a deliberate judgment that the shares are undervalued even against softer underlying results.
Investors keeping an eye on the stock will want to watch whether the buyback pace holds if cash continues to build and acquisition targets remain scarce. The Q3 data suggests Berkshire's threshold for deploying capital externally remains high, leaving its own shares as the default outlet.