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Berkshire Hathaway Reports Strong Q1 Earnings Under New CEO Greg Abel

KVIA•Saturday, May 2, 2026 at 2:14 PM•CNN Newsource

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AI Summary

Berkshire Hathaway has reported impressive operational earnings of $11.35 billion for the first quarter of 2026, marking the company's first quarterly results under CEO Greg Abel, who succeeded Warren Buffett. The conglomerate's cash reserves reached a record $397 billion, surpassing previous forecasts. Although operational earnings rose nearly 18% year-over-year, they fell short of the expected $11.56 billion. The company's net income attributable to shareholders was approximately $10.1 billion, more than double from the previous year. Abel's leadership is under scrutiny as he navigates the challenges of following in Buffett's footsteps, with the annual shareholders meeting taking place in Omaha, Nebraska, where Buffett praised Abel's performance. The event is expected to highlight Berkshire's evolution and future direction.

Key Details: • Berkshire Hathaway's cash reserves hit $397 billion. • Operational earnings increased by nearly 18% year-over-year. • Net income attributable to shareholders reached $10.1 billion. • Annual shareholders meeting held in Omaha, Nebraska, featuring Greg Abel. • Buffett expressed confidence in Abel's leadership.

finance warren-buffett earnings greg-abel berkshire

People & Organizations

Warren BuffettCharlie MungerBerkshire HathawayGreg AbelTim CookOmaha, Nebraska

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