On August 10, Berkshire Hathaway Class A shares rose 3.18% in regular trading. The rally was driven by Q2 results that significantly exceeded Wall Street estimates, compounded by multiple investment banks raising their price targets.

Berkshire reported Q2 EPS of $17,868, far surpassing the analyst consensus of $7,375. Revenue reached $101.81 billion versus expectations of $96.52 billion. Net earnings doubled year-over-year to $25.67 billion, while operating profit rose 16% to $12.98 billion. UBS raised its target price to $906,011 from $877,848, maintaining a Buy rating. KBW lifted its target to $735,000 from $695,000, though maintaining an Underperform rating.

Under new CEO Greg Abel, Berkshire net purchased $20 billion in equities during Q2, ending a three-year net selling streak. The company also repurchased $4.5 billion of its own stock and completed its $6.8 billion acquisition of homebuilder Taylor Morrison, with cash reserves declining to $364.7 billion — the first quarter-over-quarter drop in four years — signaling a more aggressive capital deployment posture.

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