Quarterly ResultMay 7, 2026, 04:42 PM
Berkshire Hathaway Q1 Net Earnings $10.1B; Operating Earnings $11.3B; CFO Change
AI Summary
Berkshire Hathaway reported a significant increase in its first-quarter 2026 net earnings, more than doubling to $10.11 billion, while operating earnings grew to $11.35 billion. The company also announced that Charles C. Chang will succeed Marc D. Hamburg as Chief Financial Officer on June 1, 2026, with Mr. Hamburg receiving post-retirement flight benefits. Additionally, the Board amended its By-Laws, and shareholders re-elected all directors, approved executive compensation, and rejected a proposal on human-capital management at the annual meeting.
Key Highlights
- Q1 2026 net earnings attributable to shareholders rose to $10.11 billion from $4.60 billion in Q1 2025.
- Q1 2026 operating earnings increased to $11.35 billion from $9.64 billion in Q1 2025.
- Net earnings per Class A Share for Q1 2026 were $7,027, up from $3,200 in Q1 2025.
- Charles C. Chang will succeed Marc D. Hamburg as CFO on June 1, 2026, with an $8 million annual salary.
- Retiring CFO Marc D. Hamburg will receive up to 30 annual flight hours for 11 years, estimated at $490,000 per year.
- Insurance float increased by approximately $500 million since year-end 2025 to $176.9 billion.
- Shareholders approved executive compensation and favored a three-year frequency for advisory votes on executive compensation.
- A shareholder proposal requesting a report on workforce and human-capital management was rejected.
Price Impact
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