Berkshire Hathaway didn’t just report earnings this quarter; it sent a clear message. In Q2 2025, Warren Buffett’s timeless investment firm posted $12.37 billion in net earnings to shareholders, down sharply from $30.3 billion in the year-ago period.

Buffett, who oversees the company’s share repurchase programme, stopped buying back Berkshire shares in May 2024. He repurchases stock when he “believes that the repurchase price is below Berkshire’s intrinsic value”, according to company filings.

Warren Buffett Sends Investors a $344 Billion Warning. History Says the Stock Market Will Do This Next. Warren Buffett's Berkshire Hathaway was a net seller of stocks in the second quarter despite holding a near-record $344 billion in cash and equivalents.