The November 7, 2026, New Zealand general election produced preliminary results giving the National Party the largest seat total at 42 in the expanded 131-seat Parliament under MMP rules, with its ACT and New Zealand First partners reaching 67 seats—just above the 66-seat majority threshold. This positioning stems from National's strong electorate wins creating an overhang advantage despite a narrow loss in the overall party vote to Labour. Approximately 14% of votes remain as special votes, with official results scheduled for November 27. Trader consensus reflects the low likelihood that remaining counts will erase the right bloc's edge, though shifts favoring Labour, Greens, Te Pāti Māori, or the new Opportunity Party could force coalition renegotiations or alter the balance before final seat allocation.