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Instacart Q2 revenue rises, slightly beats estimates - CART News | Rallies

Instacart Q2 revenue rises, slightly beats estimates

CART•2026-08-06

Outlook

Instacart sees Q3 2026 GTV between $10.3 bln and $10.55 bln
Company expects Q3 2026 Adjusted EBITDA of $320 mln to $340 mln
Instacart anticipates annual Adjusted EBITDA growth to moderate as it reinvests in growth

Overview

US grocery technology firm's Q2 revenue rose 14%, slightly beating analyst expectations
Adjusted EPS for Q2 missed analyst expectations
Company repurchased $325 mln in shares during the quarter

Result drivers and analyst coverage

Customer growth - Co said it attracted and engaged more customers across marketplace and enterprise platform, activating net-new customers at fastest rates since 2022
Advertising revenue - Advertising and other revenue rose 16% year-over-year, outpacing GTV growth, per CFO Emily Reuter
Technology expansion - Co expanded AI-powered offerings and enterprise ecommerce solutions with new partners and features

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