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Berkshire Net Profit Doubles After Buffett Retires as Abel Boosts Alphabet Stake by $10 Billion, Increases Buybacks

Berkshire Net Profit Doubles After Buffett Retires as Abel Boosts Alphabet Stake by $10 Billion, Increases Buybacks

TradingKey – After Gregory Abel took over Berkshire ( BRK.a) ( BRK.b )’s Chief Executive Officer, the investment conglomerate built by Warren Buffett has begun to gradually change its previously cautious pace of capital allocation: on one hand, aggressively repurchasing its own stock, and on the other hand, becoming a net buyer in the stock market again after a gap of more than three years, while also continuing to advance large-scale acquisitions.

Berkshire announced its second-quarter 2026 financial results. Data showed that the company’s total revenue for the quarter reached $101.808 billion, a year-on-year increase of approximately 10%; net income attributable to shareholders was $25.667 billion, up about 107% from $12.37 billion in…

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