Berkshire Hathaway is a holding company, domiciled in Delaware with its headquarters in Omaha, Nebraska, that owns subsidiaries across many different industries. Berkshire Hathaway reports results on Saturday 7 November, after the market closes. Revenue over the twelve months to Q2 2026 was $384.7 billion, which rose 3.9% on the year before.
Source: reported quarterly EPS and aggregated third-party estimates. Historical surprises are context, not a forecast.
View chart data
| Period | Reported EPS | Analysts' estimate |
|---|---|---|
| Sep '25 | $6.25 | $5.73 |
| Dec '25 | $4.73 | $5.17 |
| Mar '26 | $5.26 | $5.05 |
| Jun '26 | $6.03 | $5.13 |
What analysts expect from Berkshire Hathaway
Analysts have been raising their forecasts going into the report. For the quarter, the analysts' average EPS estimate is $6.14, in a range from $5.84 to $6.43. The analysts' average estimate for full-year EPS is $22.47, which would be up 9.0% on last year (based on 3 analysts). That estimate has risen 8.0% over the past 90 days. Of the analysts' recommendations, 2 are positive, 2 neutral and 0 negative.
Earnings surprise model
The model estimates EPS could land above the analysts' average estimate by 3.3%. Its estimated chance of an EPS beat is 62.5%, based on the last 4 quarters. The model shrinks the median recent surprise toward zero and uses a neutral prior for beat frequency; this small sample is a reference estimate, not company guidance.
Track record against estimates
The company reported EPS above the analysts' average estimate in 3 of the last 4 quarters. Last quarter, EPS of $6.03 compared with an estimate of $5.13, above it by 17.4%.
The trends Berkshire Hathaway takes into its report
Profit and cash are telling different stories: cash flow grew far faster. The trailing net margin was 22.3%. Net income over the twelve months was $85.8 billion, which rose 36.3% on the year before.
How today compares
In the context of past results: today's twelve-month revenue growth rate of 3.9% is higher than 27% of the company's own past quarterly readings, which have ranged from −3.6% to 21.8%.
Questions this report will answer
Whether the pick-up in revenue growth continues. Whether results land above or below the analysts' expectations set out above. Alongside that, Whether margins hold at the trailing levels above. The next filing will show whether the trends above continue, slow or reverse.
What it means for our valuation
These trends feed directly into what the shares are worth in our model. In our model, growth 5 percentage points lower would lower the value by 23.3%, and growth 5 percentage points higher would raise it by 30.6%. A free-cash-flow margin 1 percentage point lower would lower it by 12.6%.
