MHH reported EPS of $0.08, matching our estimate and supported by better-than-expected revenue. Total revenue of $41.4 million was down 15.6% year over year but exceeded our $40.6 million estimate. Data & AI (33% of revenue) revenue of $13.5 million was up sequentially from the $12.6 million reported in 1Q:26, the first quarter of sequential revenue growth since 2024. Bookings of $13.6 million (total contract value) were up from $9 million in 2Q:25, with management highlighting new business wins. In light of 2Q:26 results matching our expectations, we maintain our EPS estimates to $0.24 in 2026 and $0.93 in 2027. Our free cash flow per share (excluding the add back of stock-based compensation expense) estimates of $0.23 (from $0.26) in 2026 and $0.97 in 2027 imply respective FCF yields of 2.9% and 12.2%. Our $14 price target is based on 10x our 2027 EPS estimate of $0.93, plus our year-end 2027 estimated net cash per share of $4.65. On a P/E-only basis, our price target implies a 15.1x multiple to our 2027 EPS estimate, nearly matching our five-year EPS CAGR of 15%. Free cash flow generation, improving fundamentals and a strong balance sheet support our multiple and the moderate risk rating, in our view. Mastech Digital is scheduled to present and host 1x1 meetings at the Sidoti Mico-Cap Virtual Conference on August 19-20.