The November 7, 2026, New Zealand general election produced preliminary results showing the incumbent National Party securing 42 seats in the expanded 131-seat Parliament under MMP, with its centre-right partners ACT and New Zealand First reaching a combined 67 seats—one above the majority threshold. Labour finished with 36 seats despite a narrow party-vote lead, while Greens, Opportunity, and Te Pāti Māori added seats but left the left-leaning bloc short. Roughly 399,000 special votes remain uncounted ahead of official results on November 27, yet the overhang from National's electorate wins and the right bloc's preliminary margin have anchored trader consensus on National as the party positioned to lead the next government. Late shifts in specials or coalition talks could still alter seat totals, though current distributions limit realistic paths for other parties to claim the lead role.