Berkshire Hathaway Q2 2026 reanalysis: the $4.5B buyback and first cash-pile decline in years reset the BRK.B fair value to $555. GEICO risk in focus.
Berkshire Hathaway’s record ~$11B Q2 buyback — the largest in company history — refutes the idle-cash bear case. We raise our BRK.B base-case fair value to $548 and rate it Hold, accumulate on weakness.
Berkshire Hathaway (BRK.B) pre-Q2 2026 checkpoint: a $397B cash pile, a 1.47x book-value floor, and why our base-case fair value holds near $535.
Berkshire Hathaway (BRK.B) reanalysis: a $397B cash pile at 1.46x book value supports a $532 base-case target and a Buy rating in Greg Abel’s first year.
