Mastech Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 revenue $42.0 million, down 13.4% year over year
- ➤Data & AI revenue rose 4.7% sequentially to $14.1 million
- ➤Data & AI bookings reached $10.8 million, up 29.0% year over year
- ➤GAAP net income fell to $7,000 from $941,000
- ➤Liquidity totaled $56.2 million with no bank debt
Expert Statements
Nirav Patel, President and Chief Executive Officer of Mastech Digital
“This quarter marks a significant milestone, as we launched the new Mastech brand and our vision of the Knowledge-first Enterprise.”
Nirav Patel, President and Chief Executive Officer of Mastech Digital
“We believe enterprises need to codify the knowledge held by their people, customers, and clients to transform with AI.”
Nirav Patel, President and Chief Executive Officer of Mastech Digital
“We are seeing enterprises move past AI experimentation.”
Nirav Patel, President and Chief Executive Officer of Mastech Digital
“They now want to put their own data and knowledge to work in production, and that is driving our focus on building trusted data foundations, Applied AI solutions, and the specialized talent that our clients need to deliver AI outcomes at scale.”
Nirav Patel, President and Chief Executive Officer of Mastech Digital
“We are pleased to share that our Data & AI segment delivered a second consecutive quarter of sequential revenue growth.”
Nirav Patel, President and Chief Executive Officer of Mastech Digital
“Our focus on high-value work in the Data & AI segment increased gross margins this quarter by 50 basis points year-over-year to 40.5% on a Non-GAAP basis.”
Nirav Patel, President and Chief Executive Officer of Mastech Digital
“Our differentiator is the ability to turn a client's own data and knowledge into practical, Applied AI solutions that deliver outcomes.”
Nirav Patel, President and Chief Executive Officer of Mastech Digital
“This quarter, we advanced our Applied AI delivery capabilities, supported by our certified and advanced partner designations, including Solutions Partner for Cloud and AI Platform status in the Microsoft AI Cloud Partner Program.”
Nirav Patel, President and Chief Executive Officer of Mastech Digital
“These relationships and designations help us provide our customers access to skilled delivery talent and technical resources as they put AI to work at scale.”
Nirav Patel, President and Chief Executive Officer of Mastech Digital
“We expect to continue investing in forward-leaning capabilities into 2027, as we believe they continue to enable growth and progress towards the AI engineering talent and modern data platform practices we have been building.”
Second Consecutive Quarter of Sequential Revenue Growth Led by Continued Data & AI Momentum
PITTSBURGH, Oct. 30, 2026 /PRNewswire/ -- Mastech Digital, Inc. (NYSE American: MHH) ("Mastech"), a leading provider of Digital Transformation IT Services, announced today its financial results for the third quarter ended September 30, 2026.
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