Hungary's parliamentary election on April 12, 2026, delivered a landslide victory for opposition leader Péter Magyar's Tisza party, securing a projected two-thirds majority in the National Assembly and prompting Viktor Orbán to concede defeat after 16 years as prime minister. Record voter turnout amid economic discontent and corruption scandals drove Fidesz's ouster, with official results confirming the shift and paving the way for swift government formation. Trader consensus at 98.8% Yes reflects this outcome's finality under Hungary's electoral system, where the president tasks the election winner with forming a coalition or majority government, expected by summer. Rare disruptions like successful recounts, constitutional challenges, or no-confidence triggers could theoretically delay transition, though Orbán's public concession and procedural norms render them improbable.