Howard Buffett becomes chair. Berkshire Hathaway stock sits 16.66 percent below target

Published on 10/02/2026 at 15:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue rose 10.00 percent year over year to USD 101.8 billion. Berkshire Hathaway stock costs EUR 446.23 on October 2, 2026 versus EUR 445.18.

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Berkshire Hathaway (ISIN US0846707026) was trading at EUR 446.23 at Lang & Schwarz on October 2, 2026 at 3:37 p.m. CEST, up 0.24 percent from the prior close of EUR 445.18. Berkshire Hathaway elected Howard Buffett chairman on September 18, 2026, while Warren Buffett became chairman emeritus and remained a director; the USD 604.00 UBS target leaves the NYSE price 16.66 percent below the target.

Succession now has a formal structure

The September 18, 2026 company release puts Greg Abel in charge as chief executive, Howard Buffett in the board chair and Warren Buffett in a continuing director role. The arrangement separates daily management from cultural stewardship, a distinction that matters as capital allocation becomes Abel's central test.

Reuters reported on September 18, 2026, that Warren Buffett's change ended more than six decades as Berkshire's chairman, while Howard Buffett, a director since 1993, became non-executive chairman. The transition is planned rather than abrupt, but it removes Warren Buffett from a formal management role.

Second-quarter earnings split in two

Financial Report Insights reported that second-quarter 2026 revenue rose 10.00 percent year over year to USD 101.8 billion. GAAP net earnings attributable to shareholders reached USD 25.7 billion, up 107.50 percent from USD 12.4 billion in the second quarter of 2025.

The underlying picture was less dramatic. Operating earnings increased 16.30 percent to USD 13.0 billion in the second quarter of 2026, while USD 12.7 billion of the net profit came from after-tax investment gains, making market performance a major contributor to the headline result.

Target and cash define the debate

Yahoo Finance reported that UBS maintained its Buy rating and raised its Class B target from USD 585.00 to USD 604.00 on August 10, 2026. Against the USD 503.30 NYSE quote at 9:50 a.m. ET on October 2, 2026, that target is 16.66 percent higher.

Capital deployment adds a second test for the new leadership. Berkshire held USD 365.5 billion in cash and short-term Treasury investments at June 30, 2026, while second-quarter share repurchases rose to USD 4.5 billion, according to the Q2 analysis.

Euro quote holds a modest gain

At the NYSE, BRK.B was last at USD 503.30 on October 2, 2026 at 9:50 a.m. ET, versus a USD 500.50 prior close. The finance quote places the 52-week range at USD 464.01 to USD 537.74 and market capitalization at USD 1.1 trillion as of October 2, 2026.

At Lang & Schwarz, Berkshire Hathaway stock was trading at EUR 446.23 on October 2, 2026 at 3:37 p.m. CEST, plus 0.24 percent versus the Lang & Schwarz prior close of EUR 445.18 on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of Berkshire Hathaway stock.