The 2026 Formula 1 season has reached the summer break with a different name setting the pace. Instead of Max Verstappen or Lewis Hamilton, the early story has been Mercedes and Kimi Antonelli, who have moved to the front in the first half of the year. That shift has made the midseason report card especially interesting as teams are judged on speed, consistency and momentum.

Mercedes earns the strongest mark so far because it has turned promise into an advantage. Antonelli has been the standout figure of the opening stretch, and Mercedes has done enough as a team to separate itself from the rest of the field. At the halfway stage, it looks like the benchmark others must catch after combining pace with results.

Ferrari and McLaren have still produced enough quality to stay in the conversation. Both teams have shown flashes that suggest they can challenge on the right weekends, even if they have not matched Mercedes over the full first half. Their grade at the break is shaped by those strong moments, but also by the fact that neither has fully taken control of the season.

The rest of the F1 grid heads into the second half trying to close the gap in a year that has already upended expectations. With two of the sport’s most decorated names not leading the main storyline, the 2026 title race feels more open and less predictable than many expected. Mercedes has the best first-half case for top honors, while Ferrari, McLaren and the chasing teams still have time to reshape the season after the break.