Berkshire Hathaway Names Buffett Chairman Emeritus, Reports 16.3% Operating Profit Jump

Key Facts

1Berkshire Hathaway appointed Warren Buffett as chairman emeritus, with Howard Buffett taking over as chairman of the board.

2The company's second-quarter operating earnings rose 16.30% to reach $13.0 billion.

3Second-quarter revenue grew by 10.00% to $101.8 billion, with Greg Abel remaining as CEO.

Berkshire Hathaway appointed Warren Buffett as chairman emeritus, with Howard Buffett taking over as chairman of the board. AD HOC NEWS reported that the company's second-quarter operating earnings rose 16.30% to reach $13.0 billion, while revenue grew by 10.00% to $101.8 billion as Greg Abel remains in his role as CEO.

BRK-B closed at $499.14 on October 1, 2026, after trading between a session low of $495.96 and a high of $499.75. The quarterly results showed mixed performance across divisions, with Zacks reporting that railroad operating earnings increased 12.80% to $2.3 billion, while insurance underwriting earnings fell 13.10% to $1.7 billion for the period ended June 30, 2026.