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StocksMediumUpdated×10•Originally published 2 May 2026•Updated 4 May 2026•

1 min read

Berkshire Hathaway Reports $11.35B Q1 Profit as Cash Pile Hits Record $397B

Key Facts

1Berkshire Hathaway Inc. reported earnings of $11.35 billion for the first quarter.

2The company's cash pile jumped to its highest level ever, reaching $397 billion.

Berkshire Hathaway's operating profit rose 18% to $11.35 billion in Q1 2026, bolstered by exceptionally strong insurance underwriting results. The conglomerate's cash pile hit a record $397.4 billion, fueled by the largest divestment of equity securities since mid-2024. Currently, BRK.B shares are trading at 23x forward earnings and a price-to-book multiple of 1.42x, representing an attractive entry point for value investors. Under Greg Abel's leadership, the firm is pivoting toward utilizing AI to drive operational improvements across its diverse portfolio. The company also executed its first modest stock buyback in nearly two years while reaffirming its long-standing opposition to Bitcoin investment.

about 1 month ago

Version History

4 additional sources confirmed this story

Version 10about 1 month ago

What changed: Added specific P/E and P/B valuation multiples and highlighted the strength in the insurance underwriting sector.

Version 9about 1 month ago

What changed: Updated the story to include positive market reaction and share price appreciation following the annual meeting and investor confidence in Greg Abel's leadership.

Version 8about 1 month ago

What changed: Added specific details on the new strategic focus on AI adoption and updated the stock valuation status to reflect multi-year low price-to-book multiples.

Version 7about 1 month ago

What changed: Updated the story to confirm this is the first earnings report under Greg Abel's official tenure as CEO and noted the firm's continued opposition to Bitcoin.

Version 6about 1 month ago

What changed: Updated to include the 18% operating profit growth rate, details on the largest equity divestment since 2024, and the resumption of share buybacks.

Version 5about 1 month ago

What changed: Updated the story to include shareholder voting results on governance matters, including the rejection of a workforce oversight report and the approval of executive compensation measures.

Version 4about 1 month ago

What changed: The story was updated to confirm that the reported operating profit represents a significant surge in earnings during the leadership transition to Greg Abel.

Version 3about 1 month ago

What changed: Updated the exact cash reserve figure to $397.4 billion and confirmed that the firm will maintain its stance against Bitcoin investment under Greg Abel's leadership.

Version 2about 1 month ago

What changed: The story was updated to reflect that earnings exceeded analyst expectations and to highlight the historic absence of Warren Buffett from the stage at the upcoming annual meeting.

Version 1about 1 month ago

What changed: The report was updated to specify the 2026 fiscal year and include the official stock tickers BRK.A and BRK.B.