Instacart Q1 revenue rises 14%, beats estimates

Maplebear

06/05/2026 12:15

Overview

U.S. grocery technology platform's Q1 revenue rose 14% yr/yr, beating analyst expectations

Adjusted EPS missed analyst expectations

Company repurchased $349 mln in shares during the quarter

Outlook

Instacart sees Q2 2026 GTV between $10.1 bln and $10.25 bln

Company expects Q2 2026 Adjusted EBITDA of $290 mln to $300 mln

Instacart expects 2026 Adjusted EBITDA growth to outpace GTV growth, but at a moderating rate

Result Drivers

PLATFORM IMPROVEMENTS - Co said improvements in selection, quality, affordability, and convenience helped drive GTV and revenue growth

ADVERTISING GROWTH - Co reported its fastest advertising and other revenue growth since Q3 2023, citing a growing marketplace and expanded brand partnerships

NEW PARTNERSHIPS & AI INITIATIVES - Co pointed to expanded retailer partnerships, international expansion, and new AI-powered solutions as drivers of growth

Company press release: ID:nPn4DVjQma

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.02 bln
$1.006 bln (28 Analysts)
Q1 EPS
Miss
$0.57
$0.60 (24 Analysts)
Q1 Net Income
$144 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 14 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the online services peer group is "buy"

Wall Street's median 12-month price target for Maplebear Inc is $49.00, about 12% above its May 5 closing price of $43.74

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)