$BRK.B Operating Units Post 11% Growth in First Half

## Session Tape — BRK.B +0.89%

## Catalyst Analysis: Operating Units Outperform Without AI Dependence Berkshire Hathaway operating units delivered an 11% increase in earnings during the first half of 2026 compared to the same period in 2025. Manufacturing, service, and retailing businesses led the expansion with approximately $7.7 billion after tax, representing a 15% gain. BNSF contributed with a 10% earnings advance, supported by second-quarter freight volumes.

While Berkshire holds a substantial liquidity cushion with $365 billion in cash and Treasury bills as of June, its core operating performance relies on traditional commerce rather than semiconductor or cloud infrastructure tailwinds. Energy operations accounted for about 12% of those four groups' earnings in the first half, with data centers making up roughly 8% of the load at its Iowa utility last year, highlighting limited direct exposure to cyclical tech spending shifts.

## $BRK.B+WL Technical Analysis & Key Risk Watch — from LIVE MARKET CONTEXT

Berkshire Hathaway (NYSE: BRK.B) trades at $515.62 following a daily change of +0.89% ($4.57). Investors tracking long-term positioning through 2030 evaluate cash deployment velocity alongside the earnings contribution of non-tech operating subsidiaries.

### Money Play - If Berkshire Hathaway (NYSE: BRK.B) maintains double-digit operating unit growth, watch cash allocation strategies across its $365 billion treasury portfolio for capital preservation strength through 2030.