Berkshire Hathaway reported its first-quarter results, with cash reserves rising to a record high.

According to ME News, on May 2nd (UTC+8), Berkshire Hathaway A (BRK.AN) reported Q1 2026 revenue of $93.675 billion, compared to $89.725 billion in the same period last year, exceeding market expectations of $89.274 billion. Net income was $10.106 billion, compared to $4.603 billion in the same period last year, also exceeding market expectations of $11.762 billion. The Q1 report shows that Berkshire Hathaway's cash reserves jumped to a record high of $397 billion, due to a net reduction of $8.1 billion in stock holdings during the quarter. Furthermore, total operating profit was $11.35 billion, representing a year-on-year increase of nearly 18%. (Source: Jinshi)