Berkshire Hathaway reported first-quarter 2026 revenue of $93.68 billion, operating profit of $11.35 billion, up 18% year over year, and net profit of $10.11 billion versus $4.60 billion a year earlier. Investment losses narrowed to $1.24 billion from $5.04 billion, while cash reserves climbed to a record $397 billion, near $400 billion. The increase in liquidity came as Berkshire sold $8.1 billion more in stocks than it bought during the quarter, and its fixed-income securities portfolio had a fair value of $17.669 billion at quarter-end.