Berkshire Hathaway named Howard Buffett chair. Berkshire Hathaway stock gains 1.12 percent

Published on 10/09/2026 at 16:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached USD 101.81 billion, up 10.00 percent year over year. Berkshire Hathaway stock costs EUR 458.48 on October 9, 2026 versus EUR 453.38.

Key points in brief

Berkshire Hathaway named Howard G. Buffett chairman on September 18, 2026, completing a key succession step.
Second-quarter 2026 revenue reached USD 101.81 billion, up 10.00 percent year over year.
Berkshire Hathaway stock was trading at EUR 458.48 at Lang & Schwarz on October 9, 2026, up 1.12 percent versus the prior close.
The next earnings report is scheduled for November 2, 2026.

Architektonisches CGI-Render eines modernen Konzernhochhauses mit Glasfassade und Park — Berkshire Hathaway (B) Konzernzentrale ISIN US0846707026 – modernes Hochhaus als Architektur-Render dargestellt, Illustration mit AI erstellt.

Berkshire Hathaway (ISIN US0846707026) was trading at EUR 458.48 at Lang & Schwarz on October 9, 2026 at 4:09 p.m. CEST, up 1.12 percent versus its prior Lang & Schwarz close. On September 18, 2026, Berkshire Hathaway named Howard G. Buffett chairman and made Warren E. Buffett chairman emeritus, while Warren Buffett remained a director.

Three succession milestones

On January 1, 2026, Greg Abel took over as chief executive officer, according to CNBC, which also reported a 19.70 percent compounded annual return for shareholders during Warren Buffett's tenure.

On August 10, 2026, Berkshire reported second-quarter revenue of USD 101.81 billion, up 10.00 percent from the same quarter a year earlier, while net income reached USD 25.67 billion, up 107.50 percent, according to Simply Wall St.

On September 18, 2026, the company appointed Howard Buffett, a director since 1993, as board chairman. The sequence gives Abel operational control while Howard Buffett takes responsibility for the board's culture and oversight.

What does the transition mean?

The second-quarter figures show why capital allocation remains central after the leadership change. Financial Report Insights said operating earnings rose 16.30 percent to USD 13.00 billion in the second quarter, compared with a 107.50 percent increase in GAAP net income. The gap matters because investment gains lifted reported profit, while the operating businesses provide the clearer view of recurring performance.

The company also held USD 365.5 billion in cash and short-term investments at June 30, 2026, according to the latest financial statements. That balance gives management substantial room for acquisitions, share repurchases and portfolio decisions, while the succession structure separates the chief executive role from the chairman role.

Next reporting date

TradingView lists November 2, 2026 as the next earnings date for the third quarter of 2026. Its estimate calls for USD 5.60 in earnings per share and USD 100.93 billion in revenue.

Stock price and valuation context

Berkshire Hathaway stock was trading at EUR 458.48 at Lang & Schwarz on October 9, 2026 at 4:09 p.m. CEST, up 1.12 percent versus the prior close of EUR 453.38 on October 8, 2026. The primary NYSE quotation was USD 514.53 at 10:18 a.m. EDT on October 9, 2026, while the 52-week range stood at USD 464.01 to USD 537.74. Market capitalization was USD 1,109.8 billion as of October 9, 2026. The further course of trading is shown by the continuously updated real-time quote of Berkshire Hathaway stock.