Berkshire Hathaway B

Q2 FY2026 EarningsQ2 FY26 operating performance significantly exceeded consensus, with operating earnings of $13.0B vs. an implied normalized net income expectation of $9.8B. Normalized EPS of $6.03 (derived from operating earnings) beat the $5.13 consensus by 17.5%. While GAAP net income reached $25.7B due to $12.7B in investment gains, the core variance was driven by a massive recovery in 'Other' segments (including FX gains) and strong 24.1% YoY growth in Manufacturing, Service, and Retailing.