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Instacart (maplebear .) Earnings Calls
| Release date | May 06, 2026 |
| EPS estimate | $0.580 |
| EPS actual | $0.570 |
| EPS Surprise | -1.72% |
| Revenue estimate | 1.007B |
| Revenue actual | 1.019B |
| Revenue Surprise | 1.22% |
| Release date | Feb 12, 2026 |
| EPS estimate | $0.520 |
| EPS actual | $0.530 |
| EPS Surprise | 1.92% |
| Revenue estimate | 973.303M |
| Revenue actual | 992M |
| Revenue Surprise | 1.92% |
| Release date | Nov 10, 2025 |
| EPS estimate | $0.494 |
| EPS actual | $0.510 |
| EPS Surprise | 3.24% |
| Revenue estimate | 933.683M |
| Revenue actual | 939M |
| Revenue Surprise | 0.569% |
| Release date | Aug 07, 2025 |
| EPS estimate | $0.385 |
| EPS actual | $0.410 |
| EPS Surprise | 6.58% |
| Revenue estimate | 895.972M |
| Revenue actual | 914M |
| Revenue Surprise | 2.01% |
Last 4 Quarters for Instacart (maplebear .)
Below you can see how CART performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Aug 07, 2025 |
| Price on release | $49.39 |
| EPS estimate | $0.385 |
| EPS actual | $0.410 |
| EPS surprise | 6.58% |
| Date | Price |
|---|---|
| Aug 01, 2025 | $47.01 |
| Aug 04, 2025 | $48.73 |
| Aug 05, 2025 | $47.94 |
| Aug 06, 2025 | $47.72 |
| Aug 07, 2025 | $49.39 |
| Aug 08, 2025 | $51.21 |
| Aug 11, 2025 | $51.77 |
| Aug 12, 2025 | $50.98 |
| Aug 13, 2025 | $45.11 |
| 4 days before | 5.06% |
| 4 days after | -8.67% |
| On release day | 3.68% |
| Change in period | -4.04% |
| Release date | Nov 10, 2025 |
| Price on release | $37.33 |
| EPS estimate | $0.494 |
| EPS actual | $0.510 |
| EPS surprise | 3.24% |
| Date | Price |
|---|---|
| Nov 04, 2025 | $36.47 |
| Nov 05, 2025 | $36.39 |
| Nov 06, 2025 | $34.98 |
| Nov 07, 2025 | $36.75 |
| Nov 10, 2025 | $37.33 |
| Nov 11, 2025 | $39.17 |
| Nov 12, 2025 | $39.41 |
| Nov 13, 2025 | $40.33 |
| Nov 14, 2025 | $41.05 |
| 4 days before | 2.36% |
| 4 days after | 9.97% |
| On release day | 4.93% |
| Change in period | 12.56% |
| Release date | Feb 12, 2026 |
| Price on release | $33.24 |
| EPS estimate | $0.520 |
| EPS actual | $0.530 |
| EPS surprise | 1.92% |
| Date | Price |
|---|---|
| Feb 06, 2026 | $34.64 |
| Feb 09, 2026 | $35.15 |
| Feb 10, 2026 | $34.62 |
| Feb 11, 2026 | $32.93 |
| Feb 12, 2026 | $33.24 |
| Feb 13, 2026 | $36.30 |
| Feb 17, 2026 | $36.72 |
| Feb 18, 2026 | $36.31 |
| Feb 19, 2026 | $35.57 |
| 4 days before | -4.04% |
| 4 days after | 6.99% |
| On release day | 9.21% |
| Change in period | 2.67% |
| Release date | May 06, 2026 |
| Price on release | $40.16 |
| EPS estimate | $0.580 |
| EPS actual | $0.570 |
| EPS surprise | -1.72% |
| Date | Price |
|---|---|
| Apr 30, 2026 | $42.35 |
| May 01, 2026 | $42.19 |
| May 04, 2026 | $43.29 |
| May 05, 2026 | $43.74 |
| May 06, 2026 | $40.16 |
| May 07, 2026 | $37.99 |
| May 08, 2026 | $40.35 |
| May 11, 2026 | $40.41 |
| May 12, 2026 | $39.06 |
| 4 days before | -5.17% |
| 4 days after | -2.74% |
| On release day | -5.40% |
| Change in period | -7.77% |
Instacart (maplebear .) Earnings Call Transcript Summary of Q1 2026
Key points for investors:
- Strong Q1 execution: GTV $10.29B (+13% YoY), total revenue ~$1.02B (+14% YoY), orders 91.2M (+10% YoY), AOV $113 (+3% YoY). Adjusted EBITDA $300M (+23% YoY); GAAP net income $144M (+36% YoY).
- Profitability and capital return: Repurchased $349M of shares in Q1, increased buyback authorization by $1B, ended quarter with ~$880M cash and similar assets and a new $500M unsecured revolver. Company expects to return the majority of free cash flow via repurchases in 2026.
- Advertising momentum: Advertising & other revenue $286M (+16% YoY), fastest ads growth since Q3 2023. Over 9,000 brands advertising and 310+ Carrot Ads partners; company reiterates long-term ads target of ~4-5% of GTV.
- Product and AI differentiation: Investing heavily in AI (Cart Assistant tested with ~25% of U.S. customers), generative recommendation systems, and integrations with AI platforms (ChatGPT/OpenAI, Anthropic/Claude). Search and personalization improvements are driving discovery, conversion and larger baskets.
- Enterprise & international expansion: Storefront Pro powering 380+ grocery e-comm sites (notable customer ALDI launched redesigned U.S. site), Instaleap acquisition to accelerate international enterprise/fulfillment capabilities; Storefront Pro customers see >10ppt lift in online sales on average.
- In-store opportunity: Caper smart cart live in 100+ cities and expanding (Wakefern, Allegiance, Sprouts pilots), seen to drive higher baskets and omnichannel benefits; piloting Store View computer-vision features.
- Guidance & near-term puts/ takes: Q2 GTV guide $10.1B–$10.25B (11–13% YoY growth), Q2 ads growth guide 11–14% YoY, Q2 adjusted EBITDA guide $290M–$300M (11–15% YoY). Full-year expectation: adjusted EBITDA to grow faster than GTV while moderating margin expansion vs. 2025. Notable one-time/quarter items: $60M regulatory settlement hit cash in Q1; Q1 benefited from repeal of Canada DST (nonrecurring timing benefit); stock-based comp expected to step up in Q2 due to annual refresh grants.
- Risks and considerations: Potential exposure to third-party AI/agentic shopping platforms (company is integrating selectively while protecting data/experience), retailer decisions on price parity impact mix and growth (retailers that adopt price parity grow faster on the platform), and short-term fluctuations in transaction revenue mix (payments to publishers) and receivable timing that affect cash flow.
