Instacart Q2 FY26 GAAP net income falls 4% to $111 million; revenue rises 14% to $1.04 billion - CART News | RalliesInstacart Q2 FY26 GAAP net income falls 4% to $111 million; revenue rises 14% to $1.04 billion
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CART• Outlook calls for continued growth in Q3
- Instacart forecast Q3 GTV of $10.3 billion-$10.55 billion.
- The company sees adjusted EBITDA of $320 million-$340 million.
Q2 results show higher revenue and profitability metrics
- Instacart posted Q2 GAAP net income of $111 million, down 4% year over year; GTV rose 14% to $10.35 billion.
- Revenue increased 14% to $1.04 billion; advertising and other revenue climbed 16% to $297 million.
- Adjusted EBITDA rose 19% to $313 million; operating cash flow more than doubled to $493 million.
- The company repurchased $325 million of shares, ending the quarter with $1 billion in cash and similar assets.
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