Quarterly ResultAug 6, 2026, 09:38 AM
Mastech Digital Q2 Revenue $41.4M, GAAP EPS $(0.01)
AI Summary
Mastech Digital, Inc. announced its second quarter 2026 financial results, reporting total revenues of $41.4 million, a 15.6% decrease year-over-year but a 0.9% sequential increase. The company posted a GAAP net loss of $(100) thousand, while non-GAAP net income was $976 thousand. The Data & AI segment showed sequential revenue growth and strong bookings, though the Talent segment continued to be impacted by client insourcing. Additionally, CEO Nirav Patel received an award of 50,000 restricted stock units, and the Board adopted amended bylaws to conform with updated Pennsylvania law and establish exclusive forum provisions.
Key Highlights
- Q2 2026 total revenues were $41.4 million, a 15.6% decrease year-over-year.
- Q2 2026 GAAP net loss was $(100) thousand, or $(0.01) per diluted share.
- Q2 2026 Non-GAAP net income was $976 thousand, or $0.08 per diluted share.
- Data & AI segment revenues increased 7.2% sequentially to $13.484 million.
- Data & AI segment bookings totaled $13.6 million, up from $9.0 million year-over-year.
- CEO Nirav Patel was awarded 50,000 restricted stock units (RSUs) vesting over three years.
- The Board adopted Second Amended and Restated Bylaws, effective August 5, 2026.
- Company liquidity was $56.0 million as of June 30, 2026, with no bank debt.
Price Impact
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