McKinsey – 2026 M&A Trends: Navigating a Rapidly Rebounding Market

The report analyzes trends in mergers and acquisitions (M&A) for the year 2026, focusing on how the market is rebounding after a period of uncertainty.

M&A activity was uneven in early 2025 but gained momentum in the second half as companies adapted to ongoing uncertainties. Strategic buyers and investors are moving forward with deals selectively and with greater intent despite geopolitical, regulatory, and macroeconomic challenges. Different industries show varied M&A dynamics, with some pursuing large-scale megadeals and others focusing on targeted, capability-led acquisitions especially in technology and AI. Private capital is gradually regaining confidence and reentering the market. There is less tolerance for loose strategies and poor execution in M&A. Companies increasingly view M&A as essential to addressing rapid change, unlocking growth, strengthening resilience, streamlining portfolios, and repositioning for sectoral and regional shifts.