Berkshire Hathaway posts record Q3 2025 earnings as Warren Buffett prepares for succession. Discover key results, strategy, and what’s next for investors.

The continued pause on buybacks comes as Berkshire shares have lagged the broader market recently. Berkshire’s stock has risen only 5% in the year to date, versus a 16% rise for the S&P 500 over the same span. During the third quarter, Berkshire’s stock advanced 3.5%, about half the gain seen for the S&P 500 over that period.

Berkshire Hathaway shows strong Q3 earnings, solid insurance performance, record cash levels, and attractive valuation. See why BRK.A stock is a buy.

Berkshire Hathaway signaled on Saturday that it remained cautious about markets, letting cash swell to a record $381.7 billion even as profit rose, in its last financial report before Warren Buffett bows out as chief executive.

Berkshire Hathaway also said that it did not make any stock buybacks in the first half of the year. Berkshire only buys back shares when Buffett believes that the stock's repurchase price is below a conservative estimate of the company's intrinsic value, according to the earnings report.

The conglomerate sold $12.5 billion of stock in the latest period and bought $6.4 billion, marking the 12th consecutive quarter of net selling.

For all the success Buffett has in the investment world, just three top stocks make up over 50% of Berkshire Hathaway's total holdings.

The Oracle of Omaha's retirement at the end of this year isn't the biggest concern for Berkshire Hathaway shareholders.

Berkshire Hathaway stock is down nearly 1% Monday in the wake of receiving the equivalent of a sell recommendation from KBW analyst Meyer Shields, who cited several earnings headwinds for the conglomerate headed by Warren Buffett.

Warren Buffett still has a couple months left as Berkshire Hathaway’s chief executive. But there have already been consequences to Berkshire shareholders. Most notably: The conglomerate long loved by

Buffett is a fan of value stocks and dividend stocks, and he loves consumer goods. In fact, the two artificial intelligence (AI) stocks he does own -- Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) -- are both consumer goods giants, and AI can drive further growth for both of them.