Summer Deal Recap 2026

M&A touched record levels in H1 2026, but the market was increasingly defined by scale rather than breadth. The total value of announced deals hit $2.85tn in the first six months (LSEG), up 50% YoY and the highest year-to-date total since LSEG records began in 1980. Yet the total number announced fell 9% to 24,000 so far in 2026, a six-year low.