The February 2026 Thai general election delivered preliminary results placing the Pheu Thai Party at roughly 74 seats in the 500-member House of Representatives, consistent with trader consensus on the 70–79 range. This outcome followed a series of setbacks that eroded the party’s traditional rural base, including the constitutional court’s removal of two prime ministers, the jailing of founder Thaksin Shinawatra, and criticism over handling of the Cambodia border dispute. These factors shifted voter support toward Bhumjaithai and the People’s Party, which together captured the large majority of seats. While final official tallies and any remaining procedural reviews could still adjust totals by a few seats, the scale of the reported results has left little room for outcomes outside the current narrow band.