Mastech Holdings Inc

Mastech Digital reported second quarter 2026 results with consolidated revenue of $41.4 million, a 15.6% decrease year-over-year, while its data and AI segment grew 7.2% sequentially, marking its first sequential growth since 2024. The company's talent segment revenue fell 16.2% to $28 million, with bill rates reaching an all-time high of $92.17 per hour, and the data and AI segment posted revenue of $13.5 million, down 14.4% year-over-year. GAAP net loss for the quarter was $0.1 million, or negative 1 cent per diluted share, compared to net income of $0.1 million, or 1 cent per diluted share, in the prior year period, while non-GAAP net income was $1 million, or 8 cents per diluted share, versus $1.8 million, or 15 cents per diluted share, a year earlier. The company highlighted a strategic engagement with a leading American convenience store chain to build an agentic foundation for its e-commerce apps and store operations, and noted second quarter bookings of $13.6 million on a total contract value basis, up from $9 million in the prior year period. Mastech Digital ended the quarter with $35.6 million in cash, no debt, and $20.4 million available under its revolving credit facility, and did not repurchase any shares during the period.