Incumbent Katie Hobbs (D), Andy Biggs (R), Risa Lombardo (G), and Teri Hourihan (No Labels Party) are running for governor.
In 2022, Hobbs was elected 50.3% to 49.6%. In the 2024 presidential election, President Donald Trump (R) defeated Kamala Harris (D) 52.2% to 46.7% in the state. As a result, this is one of five governorships Democrats are defending in states Trump won in 2024. As of September 25, 2026, major race forecasters have rated the election Lean or Tilt Democratic.
Hobbs previously served as Arizona Secretary of State from 2019 to 2023 and as a member of the Arizona Legislature, representing Senate District 24 from 2013 to 2019, and House District 15 from 2011 to 2013. Hobbs was Senate Minority Leader from 2015 to 2019. Hobbs is running on her record. Her campaign website said, "Katie always puts Arizona first, and that means working across the aisle to get things done."