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Grocery delivery giant Instacart has held preliminary discussions with Uber and DoorDash about a potential sale, The Information reported Friday.

An investment bank is helping Instacart, which is worth about $13 billion, assess its options, according to the report, which cited people familiar with the matter.

A takeover could fetch roughly $16 billion to $17 billion if a buyer pays a 30% to 40% premium, an estimate based on recent public tech deals.

Instacart, which was valued at $39 billion during the pandemic, is exploring a sale at a time when its market value stands at roughly $12 billion. REUTERS The potential sale comes as Uber and DoorDash expand their grocery delivery businesses and pursue multibillion-dollar acquisitions across the food delivery industry.

An Instacart spokesperson declined to comment when reached by The Post.

A takeover by either company could face antitrust scrutiny because of its competing grocery delivery operations.

Antitrust concerns helped derail DoorDash’s 2021 discussions to acquire Instacart at a valuation of $40 billion to $50 billion, The Information previously reported.

The discussions broke down partly over concerns about securing regulatory approval during the Biden administration, according to the report.

Instacart struck a deal with Uber in 2024 to offer restaurant delivery powered by Uber Eats through its grocery app.

Last year, Uber began using Instacart’s Carrot Ads technology to offer sponsored grocery placements on Uber Eats.

DoorDash previously held talks to acquire Instacart in 2021, but the discussions collapsed partly over antitrust concerns. Mojahid Mottakin – stock.adobe.com Earlier discussions between Uber and Instacart failed to advance as Uber pursued other acquisitions, The Information reported.

Instacart’s expansion into advertising has yet to close the revenue growth gap with Uber and DoorDash.

Instacart was valued at $39 billion in a 2021 private funding round amid a pandemic-era boom in grocery delivery.

By the time the company went public in 2023, its valuation had tumbled to roughly $10 billion.

Instacart shares have gained roughly 70% since the IPO. Its revenue growth slowed from 19% in 2023 to 11% in each of the following two years.

Uber, which has a market value of roughly $135 billion, is among the potential buyers that have held preliminary discussions with Instacart, according to The Information. ink drop – stock.adobe.com Instacart generated $480 million in free cash flow during the second quarter, while revenue increased 14% from a year earlier to just over $1 billion.

The company has said it plans to devote most of its free cash flow this year to repurchasing shares.

DoorDash recorded a 28% revenue increase in 2025, compared with 18% at Uber, whose business also includes ride-hailing.

Amazon, which owns Whole Foods, has also expanded its grocery delivery operations.

DoorDash, valued at roughly $80 billion, acquired Deliveroo and restaurant software firm SevenRooms in 2025, three years after buying European delivery platform Wolt for about $8 billion.

Uber, with a market value of about $135 billion, has agreed this year to pay roughly $15 billion for Delivery Hero and more than $2 billion for workplace catering service ezCater.

The Information reported that Uber’s recent dealmaking could complicate a potential bid for Instacart.

Instacart’s talks with prospective buyers have yet to produce an agreement, and a sale remains uncertain, according to the report.

First Citizens Bank & Trust Co. bought a new position in shares of DoorDash, Inc. (NASDAQ:DASH – Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 32,279 shares of the company’s stock, valued at approximately $5,925,000.

A number of other hedge funds also recently added to or reduced their stakes in DASH. Krilogy Financial LLC grew its stake in DoorDash by 407.0% during the 3rd quarter. Krilogy Financial LLC now owns 7,945 shares of the company’s stock worth $1,458,000 after purchasing an additional 6,378 shares in the last quarter. NorthCrest Asset Manangement LLC purchased a new stake in DoorDash during the 3rd quarter worth about $1,354,000. Eastern Bank purchased a new stake in DoorDash during the 3rd quarter worth about $69,000. QRG Capital Management Inc. raised its position in DoorDash by 191.2% in the 2nd quarter. QRG Capital Management Inc. now owns 251,374 shares of the company’s stock valued at $46,386,000 after purchasing an additional 165,039 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in DoorDash by 501.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 29,211 shares of the company’s stock valued at $5,390,000 after purchasing an additional 24,356 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes Several equities analysts have recently issued reports on the company. Argus lifted their price objective on DoorDash from $190.00 to $270.00 in a research note on Thursday, August 27th. UBS Group reissued a “buy” rating and set a $295.00 price objective on shares of DoorDash in a research report on Tuesday, September 8th. TD Cowen upped their target price on shares of DoorDash from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Scotiabank initiated coverage on shares of DoorDash in a report on Wednesday, September 9th. They issued a “sector outperform” rating and a $275.00 target price on the stock. Finally, Barclays cut shares of DoorDash from an “equal weight” rating to a “strong sell” rating in a report on Monday, August 24th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and an average price target of $254.95.

Check Out Our Latest Report on DASH Insider Buying and Selling at DoorDash In other news, CEO Tony Xu sold 29,567 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $230.00, for a total transaction of $6,800,410.00. Following the sale, the chief executive officer owned 1,500 shares of the company’s stock, valued at approximately $345,000. This trade represents a 95.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ravi Inukonda sold 19,505 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $220.62, for a total value of $4,303,193.10. Following the sale, the chief financial officer directly owned 232,938 shares in the company, valued at $51,390,781.56. This trade represents a 7.73% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 393,998 shares of company stock worth $85,861,330. Corporate insiders own 44.90% of the company’s stock.

DoorDash Stock Performance Shares of DASH stock opened at $184.01 on Thursday. The company has a market cap of $79.73 billion, a P/E ratio of 96.34 and a beta of 1.90. The firm has a fifty day moving average price of $205.78 and a 200 day moving average price of $183.57. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50.

DoorDash (NASDAQ:DASH – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The business had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. The firm’s quarterly revenue was up 35.6% on a year-over-year basis. Sell-side analysts predict that DoorDash, Inc. will post 2.51 earnings per share for the current fiscal year.

Key DoorDash News Here are the key news stories impacting DoorDash this week:

Positive Sentiment: DoorDash is partnering with Woolworths Group to bring BIG W to its Australian marketplace, offering more than 35,000 everyday products with delivery in as little as 60 minutes. The agreement expands DoorDash’s retail selection and supports its strategy of increasing order frequency beyond restaurant delivery. BIG W Lands on DoorDash App Positive Sentiment: DoorDash launched an on-demand delivery collaboration with SKIMS, giving customers access to apparel and related products. The partnership, supported by Kim Kardashian-focused marketing, could improve consumer awareness of DoorDash’s non-food offerings. SKIMS and DoorDash Partnership Positive Sentiment: DoorDash is expanding into Geraldton, Kalgoorlie and Horsham in Australia, indicating continued investment in regional coverage and potential long-term marketplace growth. DoorDash Regional Australian Expansion About DoorDash (Free Report)

DoorDash, Inc is a technology company that operates a local commerce platform connecting consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its DoorDash app and website, customers can discover businesses, place orders for delivery or pickup, and access related services. The company also provides merchants with tools for online ordering, logistics, customer engagement, advertising and business analytics.

DoorDash generates additional activity through subscription programs such as DashPass, which provides participating customers with delivery-related benefits, and through its logistics and commerce solutions for merchants.

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The partnership marks Coco Robotics' UK debut as it accelerates expansion across Europe

The rollout is due to begin in London's Canary Wharf before expanding to several other towns and cities in the coming months

The partnership follows the successful collaboration between Coco, DoorDash and Wolt in the U.S. and other geographies

, /PRNewswire/ -- Coco Robotics, one of the largest sidewalk delivery operators across the U.S. and Europe, and Deliveroo, a brand within DoorDash's global portfolio, are set to bring robot deliveries to towns and cities across the UK through a new strategic partnership.

Coco Robotics will launch in multiple locations, beginning with Canary Wharf in London this October, before launching in Milton Keynes, Leeds, Stockton on Tees and Nottingham in the coming weeks and months.

A Coco Robotics delivery robot in London The launches have been welcomed by local authorities across the UK in a positive sign of support for the innovative new service and job creation the partnership will bring. Coco is also in discussions with other councils across both London and the UK.

Consumers will initially be able to order from the likes of Patty&Bun, independent family-run brands like bakery Signorelli and cafe and restaurant Beam, in Wood Wharf, Canary Wharf, before the service area expands to include a wider pool of merchants at a later stage, including Ole & Steen, Royal China and Din Tai Fung. In Milton Keynes, consumers will be able to order from Smoke and Pepper amongst others when the service rolls out.

The multi-city rollout marks Coco's entry into the UK, extending the company's broader expansion across Europe. The launch will be backed by local investment in UK operational infrastructure, creating new skilled jobs in operations, maintenance and logistics across each region, supported by new depot and charging facilities.

The partnership represents a significant milestone in Deliveroo's autonomous delivery journey, marking its first use of autonomous delivery vehicles in the UK. The move reflects the company's strategy to develop a multi-modal last-mile delivery approach by scaling new delivery methods for consumers and merchants, building on learnings from other geographies.

While the majority of orders will continue to be fulfilled by Deliveroo's extensive rider network, Coco's fully electric robots are suited to short-distances and navigating urban environments, offering additional flexibility to local businesses on Deliveroo's platform to fulfill more orders.

Built to travel safely and navigate busy urban environments, Coco's robots operate at walking pace,  moving safely along sidewalks while carrying orders directly to customers. Each delivery is zero-emission and reduces urban congestion.

Through its partnership with BlindSquare, Coco will also share real-time data on sidewalk hazards identified by its robots, so that the company can update its app to help alert blind and partially sighted pedestrians to obstacles ahead.

Zach Rash, CEO and co-founder of Coco Robotics: "We're thrilled to be bringing Coco to the UK with Deliveroo as our launch partner, building on our existing partnership with DoorDash. The interest here has been incredible, and we're committed to building something that creates lasting value for local merchants and the communities they serve. As we expand further across the UK, we look forward to giving more businesses another reliable delivery option and more communities access to the kind of infrastructure that makes delivery work better for everyone."

Miki Kuusi, CEO at Deliveroo and Head of DoorDash International: "London is where Deliveroo was born, so it feels fitting that we're launching our first UK autonomous delivery service with Coco Robotics here before expanding our exclusive partnership to more towns and cities nationwide, building on our partnership in other geographies."

"We see huge potential in autonomous delivery and we are looking forward to working with Coco to bring more flexibility to our delivery network, helping local restaurants and shops meet increasing consumer demand. We firmly believe that robot and drone technology should benefit High Street businesses of all sizes, helping them remain competitive and meet consumers in new ways."

Ilkka Pirttimaa, Founder, BlindSquare: "This isn't theoretical anymore. We're seeing firsthand how Coco's real-time sidewalk data delivers tangible safety improvements for our users in every city where we operate together. Coco's robots are essentially a real-time accessibility mapping network, feeding hazard data, discarded e-scooters, temporary construction, straight into BlindSquare's self-voicing app, giving blind and partially sighted pedestrians the crucial seconds they need to navigate safely. London is historic, dynamic, and often challenging to navigate. Bringing this safety layer here is a major step forward, and it's what autonomous technology should look like in a city. Coco's robots don't just share the sidewalk, they help make it more accessible for everyone."

Mayor of the East Midlands, Claire Ward, said: "The East Midlands is determined to be a leader in the adoption of new technologies, and Coco's UK launch is exactly the kind of opportunity that reflects our ambitions for the region. We look forward to working with Coco Robotics to explore the potential for autonomous delivery and the benefits it could bring to businesses, residents and visitors."

Ben Houchen, Mayor of Tees Valley: "Teesside, Darlington and Hartlepool have built a reputation for turning innovation into reality, and Coco Robotics choosing our region as one of its first UK launches is another major vote of confidence in everything we're building here. This project will bring more cutting-edge tech, new investment and good-quality opportunities for local people — further proof that Teesside is one of the best places in the country to grow and invest in industries of the future."

Jacinta Rowsell, Managing Director of Operations at Canary Wharf Group: "It's exciting to be the first UK launch for Coco and Deliveroo's autonomous delivery partnership. Canary Wharf is built on an ambitious vision, one which supports and encourages growth and innovation, and our partnership with Coco is a great example of this."

DoorDash and Wolt partner with Coco across multiple cities across the globe, including Los Angeles, San Jose, Chicago, Miami, Washington D.C. and Helsinki. Deliveroo, Wolt and DoorDash are also exploring different forms of autonomous vehicles across multiple geographies, and DoorDash continues to invest in autonomous delivery solutions. The companies have established partnerships with multiple leading aerial drone and ground-based robot operators, and DoorDash has developed its own in-house autonomous delivery robot, Dot, which is operating across the greater Phoenix area in Arizona.

How Coco robots work
Coco robots operate at a walking pace and use onboard sensors, cameras, and AI-driven navigation to move along sidewalks. The system processes real-time environmental data at the edge, without relying on cloud connectivity, allowing the robot to perceive and respond to its surroundings as conditions change. Each robot is designed to operate within the existing flow of pedestrian and urban traffic rather than requiring dedicated infrastructure.

Deployment in any new location is always phased and aligned with local regulations. Coco's control software enforces location-specific speed limits and routing policies, and supervising operators are trained on local rules and street conditions. The robot is designed to move predictably and yield where appropriate. The objective is to complement urban mobility systems, not interfere with them.

About Coco Robotics
Coco Robotics is one of the largest robot delivery fleets across the U.S. and Europe, combining autonomous robots, real-world operations data, and advanced AI to power smarter, more efficient city logistics. Founded in 2020, Coco has completed more than 500,000 zero-emission deliveries across the U.S. and Europe for more than 4,500 restaurants and retailers. The fleet continuously learns from millions of miles of real-world operations, giving Coco instant adaptability to new cities and environments. Coco partners with leading delivery platforms including Deliveroo, DoorDash, and Wolt to bring autonomous delivery services to businesses and consumers around the world. For more information, visit cocodelivery.com.

About Deliveroo
Deliveroo is changing the way people eat and shop by bringing the neighbourhood to your door,  unlocking a wealth of hyperlocal choice across restaurants, grocery and retail, with fast and reliable delivery, at the right price. Founded in 2013 by William Shu and Greg Orlowski, Deliveroo joined forces with DoorDash (NASDAQ: DASH) in 2025. Together, we operate in more than 40 countries. You can read more on the Deliveroo website.

Forward-Looking Statements
This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events, and such statements in this communication include, but are not limited to, expectations regarding the opportunity and expected benefits of the Deliveroo and Coco Robotics partnership and the expected plans for the launch and expansion of such partnership; and expectations regarding DoorDash's strategy and plans regarding autonomous delivery. Expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. For information on potential risks and uncertainties that could cause actual results to differ from any results predicted, please see DoorDash's Annual Report on Form 10-K for the year ended December 31, 2025 and its quarterly reports on Form 10-Q, each filed with the U.S. Securities and Exchange Commission.

SOURCE Coco Robotics

DoorDash announced on Wednesday that it’s launching a text-to-order AI agent that lets users place orders through Apple Messages. The new tool allows users to send prompts like “order my usual,” and the agent will understand that they mean their Friday night order.

DoorDash says users can also ask for a specific dish and request a local recommendation. The agent will then search local spots and suggest a cart based on the prompt, and even text photos of the food it recommends. When ordering for a group, DoorDash says the agent can handle mixed dietary preferences and different quantities in one order.

By launching an AI agent for food ordering, DoorDash is looking to gain an edge over rivals Uber Eats and Grubhub. The launch also comes amid a growing push to adopt personal AI agents that can handle tasks without requiring users to navigate apps or websites themselves.

DoorDash is opening up a waitlist for users in the U.S. to try out the new feature.

In addition to the new AI agent, DoorDash announced that it will begin testing its delivery drones with select restaurants in Northern California.

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DoorDash is providing more ways for gig workers to earn cash, including by assisting autonomous systems such as robotaxis and delivery bots. Bloomberg/Getty Images DoorDash workers are increasingly doing more than just delivering as the company adds new services and autonomous offerings.

At the company's San Francisco headquarters on Tuesday, Cody Aughney, DoorDash's vice president of dasher & logistics, said its gig workers — known as Dashers — have completed more than 5 million tasks that didn't involve traditional delivery work since 2024.

Aughney said those tasks include assisting autonomous vehicles and helping retailers get updated photos of their shelves and inventory.

Gig workers on the app have been able to take on smaller tasks for extra cash.

Waymo, Alphabet's robotaxi service and a DoorDash partner, has already been enlisting nearby Dashers to close doors passengers leave ajar — an operational gap that comes when the human is removed from the driver's seat. One Reddit post showed how a driver was offered $11.25 to close a Waymo door, Business Insider previously reported.

Harrison Shih, the head of DoorDash's drone program, told Business Insider that a Dasher could be dispatched to clean up a spill and that the range of tasks will evolve as the company expands its autonomous services.

The work could include helping Dot, DoorDash's delivery robot, if it's ever flipped over, Shih said. Delivery bots can be a target of vandalism or trip up in the dense urban environments they typically operate in.

"One thing we believe about autonomous systems is that they're not stand-alone," Shih said. "I think this is a little bit of the misnomer of autonomous systems."

DoorDash is also launching a new service called Dasher Returns, in which a driver picks up a customer's return item and takes it to the appropriate retailer for a flat fee.

"Dasher Mike heads to the store, he finds parking, he waits in line, and he makes sure that my return is processed," Shanna Prevé, chief revenue officer at DoorDash, said in a presentation.

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Lloyd Lee You're currently following this author! Click to unsubscribe from email alerts.

Lloyd Lee is a reporter at Business Insider covering frontier technologies, with a focus on how they're being deployed in the real world and the gaps and tensions that emerge as people, companies, and regulators respond. His coverage has featured autonomous vehicles, EVs, robotics, brain-computer interfaces, and AI.Lloyd's reporting on the progress of Alphabet's Waymo and Tesla's autonomous ambitions was recognized by the San Francisco Press Club with a Bay Area Journalism Award.Before joining Business Insider, he was a local reporter for Almanac News and Palo Alto Weekly, covering housing issues, small businesses, and notable Silicon Valley characters.Lloyd is based in San Francisco.He can be reached via email [email protected], or by phone at 646-768-1630, or Signal at lloyd.71.

Lowe's is launching a drone delivery service in partnership with DoorDash and Alphabet's Wing, CNBC has learned exclusively.

The company said the new drone delivery service — a first in the home improvement retail space — will give customers access to over 100 products in a delivery window as fast as 20 minutes. A pilot program is already live in North Carolina, with plans for expansion.

Customers can order products directly through DoorDash, which will have drone delivery listed as an option for eligible customers. The drones currently transport orders of roughly 2.5 pounds per flight and operate within a 5-mile radius of the store in Matthews, North Carolina, according to the company.

Seemantini Godbole, chief information and artificial intelligence officer at Lowe's, said shoppers often tell the company they realize halfway through a project that they're missing a crucial item.

"Drone delivery fits perfectly because this was one of the friction points, like you're doing a project, and you're getting interrupted," Godbole said. "[But] you never left your home, you never left your job site, and then you just continued with the project. That's the whole premise."

She said the company is still testing the service, but if it's successful, Lowe's may expand the drone program beyond the North Carolina store.

"We wanted our tech teams to be positioned. ... We literally are going to the store every day," she said. "We are observing. We are listening to the feedback from our store associates and from DoorDash, and we could make changes as needed and be really agile, and so that's why we started here."

Godbole added that the drone delivery is not "technology for the sake of tech," but rather is a move to keep up with the changing needs of the Lowe's customer as part of the company's overall technology strategy.

With the announcement, Lowe's joins a growing cohort of retailers adding drone delivery to their options to optimize convenience and technology for customers in an effort to lift sales. Amazon, Walmart and Uber Eats already use drones to offer fast delivery to customers.

Godbole said the distinction for Lowe's is that it's the first home improvement retailer to offer drone delivery.

But drone technology has also faced criticism across the country from people concerned about noise and privacy issues, especially in states like New Jersey. Navigating more crowded airspace also requires regulatory approval.

Godbole said Lowe's is working to ensure its drones meet all standards and is leaning on the expertise of both DoorDash and Wing.

Godbole said while the drones are an important milestone in the company's technological advances, Lowe's is still focusing on improving its express same-day delivery and innovation for its shoppers while also incorporating AI into its internal processes for store associates.

"When associates and customers are interacting with Lowe's, I really want the technology to disappear, and I want the experience to shine through," Godbole said. "I want them to remember the projects they are doing, the items they are buying, the fulfillment experience they got, and all our technology efforts are geared towards that."

Costco just handed DoorDash a new same-day delivery deal, and Instacart shareholders took the hit, but the sell-off may have punished the wrong narrative entirely.

Maplebear (NASDAQ:CART | CART Price Prediction), Instacart’s parent company, trades at $45.43 versus a consensus Wall Street price target of $58, a gap that implies roughly 28% upside if the sell side is right.

Instacart runs the largest third-party grocery marketplace in North America and also builds white-label e-commerce, ad tech and in-store hardware for retailers, spanning more than 310 retail partners and 9,000-plus brands.

Costco (NASDAQ:COST) has been the crown jewel of that ecosystem, which is why a new same-day delivery pact between Costco and DoorDash sent CART lower.

The dip question is trickier than the headline reads, because Costco added a channel rather than replacing Instacart.

Why the Costco-DoorDash Headline Bruised CART DoorDash’s launch introduces nationwide same-day delivery from every U.S. Costco warehouse, requires an active membership, and offers more than 4,000 Costco products in the DoorDash app. Investors read that as a direct hit on Instacart’s most valuable marketplace relationship.

The reaction was sharp but not catastrophic. CART fell 3.03% on the session and is down 7.15% over the past month, well behind an S&P 500 that has drifted only 0.62% lower in the same window.

The important correction: Instacart still powers Costco’s branded same-day websites in the United States and Canada, and Storefront Pro with Costco has expanded into France and Spain. What is at risk is marketplace basket share and the advertising inventory attached to it, because those units carry richer take rates than white-label enterprise work.

What Analysts Still See in the Model Coverage leans constructive. Five analysts rate CART Strong Buy, 13 Buy, 14 Hold, and zero Sell or Strong Sell, and the $58 average target has held through the Costco news.

The bull case rests on advertising and enterprise compounding faster than transaction revenue. Q2 advertising and other revenue grew 16% to $297 million, GTV rose 14% to $10.35 billion, and adjusted EBITDA climbed 19% to $313 million. Free cash flow reached $480 million in the quarter, funding $325 million of buybacks.

CEO Chris Rogers argues the moat is data and fulfillment, citing “more than 1.6 billion lifetime orders” and an average order value of $115 that dwarfs typical delivery baskets. Analysts want proof that Costco marketplace orders and take rates hold as DoorDash ramps.

DoorDash Is Not Winning Either DoorDash (NASDAQ:DASH), the supposed beneficiary, is down 10.07% over the past month and 14.09% year to date. Dollars are flowing away from both names as the entire last-mile group comes under pressure, with investors debating grocery unit economics.

That matters because an unambiguous share transfer would have DoorDash rallying, yet DASH is selling off alongside CART. The action suggests skepticism that same-day club delivery is accretive to either operator without meaningful subsidy.

CART’s 1% year-to-date gain has been left in the dust by the S&P 500’s 11.85% advance, and shares sit well below the 50-day moving average of $47.99 after touching a 52-week high of $52.68.

Valuation is not stretched. CART trades at a forward P/E of 14 on TTM EPS of $1.83, with an EV/EBITDA multiple near 14. Q2 GAAP EPS of $0.45 missed the $0.55 consensus, pressured by rising stock-based comp, another overhang beyond Costco.

Bull and Bear Case for CART Stock The bull case holds if advertising keeps compounding in the mid-teens, enterprise Storefront revenue continues scaling across the 380 grocery sites it already powers, and Costco marketplace baskets stay sticky because Instacart’s cross-retailer shopper (over five retailers on average, more than double for Instacart Plus) differs from the customer DoorDash is targeting.

The bear case takes over if Costco take rates compress as DoorDash steals the highest-value baskets, if buybacks mask persistent EPS misses driven by stock-based comp, and if management’s own warning that over 80% of GTV comes from non-exclusive retailers becomes the story rather than a footnote.

On balance, the setup leans opportunity over trap. The market priced in a worst case that the disclosures do not support, and a 28% gap to target with zero Sell ratings is a hard combination to ignore. The variable to watch is Q3 advertising growth against management’s 15% to 18% guide; if that holds, the Costco panic ages poorly.

Contact [email protected] for any questions or corrections.

Multiyear agreement makes DoorDash the NHL's exclusive On-Demand Delivery and Pick Up Partner beginning with the upcoming 2026-27 NHL season, and includes game night promotions for fans

NEW YORK & SAN FRANCISCO & TORONTO--(BUSINESS WIRE)--DoorDash (NASDAQ: DASH) and the National Hockey League (NHL®) today announced a multiyear North American partnership naming DoorDash the Official On-Demand Delivery and Pick Up Partner of the NHL in Canada and the United States. The exclusive deal begins immediately and marks DoorDash's first partnership with the NHL.

Under the agreement, DoorDash gains a broad set of marketing rights and NHL designations, including use of League marks, broadcast-visible branding through Digitally Enhanced Dasherboards during nationally televised games, integration across NHL tentpole events such as the Discover NHL Winter Classic® and Navy Federal Credit Union NHL Stadium Series™, and a presence throughout the Stanley Cup® Playoffs.

The season kicks off in Canada with a dedicated DoorDash Puck Drop promotion on September 29, 2026, the first day of the 2026-27 NHL season, followed by game night deals every Wednesday and Saturday for the regular season.

To reach even more households, DoorDash becomes the presenting sponsor of all Wednesday night regular-season national NHL games and Stanley Cup Playoff games broadcast on Prime Video in Canada. DoorDash will also activate at the 2026 Tim Hortons NHL Heritage Classic™ in Winnipeg on October 25, 2026 for in-person engagement.

“For tens of millions of hockey fans across North America, every night is appointment viewing. In Canada, hockey night is more than a game, it's a family ritual and a way fandom gets passed from one generation to the next,” said Gina Igwe, Vice President of Brand, Creative, and Consumer Marketing at DoorDash. “As the NHL’s Official On-Demand Delivery and Pick Up Partner, DoorDash is proud to help fans spend less time managing meals, snacks, and last-minute needs, and more time in the moments that make game night matter. From puck drop to the final buzzer, we’re here to make it easier to be a fan.”

“NHL fans are fiercely loyal and passionate and happen to be some of the most active on-demand delivery consumers," said Chris Falkiner, NHL Group Vice President of Business Development. "DoorDash reaches thousands of communities across Canada and the United States, fueling game night ordering for fans everywhere the League plays. We're excited to have DoorDash on board as our Official On-Demand Delivery and Pick Up Partner across both countries."

The partnership pairs two brands built around the same instinct: making it easier for people to show up for what they love. The NHL provides the game, and DoorDash provides the ritual around it, making it even easier for families to come together, root for their favourite team, and pass down traditions from one generation to the next.

DoorDash will soon announce a new NHL creative platform across North America, in addition to unveiling additional promotions and sweepstakes for NHL fans – including a trigger promotion for when NHL games really heat up.

About DoorDash

DoorDash (NASDAQ: DASH) is one of the world's leading local commerce platforms that helps businesses of all kinds grow and innovate, connects consumers to the best of their neighborhoods, and gives people fast, flexible ways to earn. Since its founding in 2013, DoorDash has expanded to more than 40 countries, using technology and logistics to shape the future of local commerce and broaden access to opportunity. With a growing international presence that now includes Deliveroo and Wolt, DoorDash combines global scale with local expertise to serve communities around the world.

About the National Hockey League (NHL)

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DoorDash, Inc. (DASH) Q2 2026 Earnings Call August 5, 2026 4:30 PM EDT

Company Participants

Weston Twigg - Vice President of Finance & Investor Relations
Tony Xu - Co-Founder, CEO & Chair
Ravi Inukonda - Chief Financial Officer

Conference Call Participants

Michael Morton - MoffettNathanson LLC
Mark Stephen Mahaney - Evercore ISI Institutional Equities, Research Division
Nikhil Devnani - Bernstein Institutional Services LLC, Research Division
Deepak Mathivanan - Cantor Fitzgerald & Co., Research Division
Dominic Ball - Rothschild & Co Redburn, Research Division
Jason Helfstein - Oppenheimer & Co. Inc., Research Division
Shweta Khajuria - Wolfe Research, LLC
Josh Beck - Raymond James & Associates, Inc., Research Division
Youssef Squali - Truist Securities, Inc., Research Division
Ross Sandler - Barclays Bank PLC, Research Division
Brian Nowak - Morgan Stanley, Research Division
Ronald Josey - Citigroup Inc., Research Division
Justin Post - BofA Securities, Research Division
Douglas Anmuth - JPMorgan Chase & Co, Research Division
Thomas Champion - Piper Sandler & Co., Research Division

Presentation

Operator

Hello, everyone. Thank you for joining us, and welcome to the DoorDash Q2 2026 Earnings Call. [Operator Instructions]

I will now hand the call over to Weston Twigg. Please go ahead.

Weston Twigg
Vice President of Finance & Investor Relations

Thanks, Connor. Good afternoon, everyone, and thanks for joining us for our Q2 2026 Earnings Call. I'm pleased to be joined today by Co-Founder, Chair and CEO Tony Xu; and CFO, Ravi Inukonda. We'll be making forward-looking statements during today's call, including without limitation, our expectations for our business, financial position, operating performance, profitability, our guidance, strategies, capital allocation approach, and broader economic environment. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those described.

Many of these uncertainties are described in our SEC filings, including our most recent Form 10-K and 10-Q. You should not rely on forward-looking statements as predictions of

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DoorDash unveiled its Dot delivery robot last September. Bloomberg/Getty Images DoorDash's delivery robot isn't quite ready for prime time.

The delivery service has spent the last several months testing its Dot delivery robot as it makes deliveries in parts of Phoenix, Arizona. And while the company is working on securing permits for Dot to expand to other cities, there's still a lot that the company needs to figure out before it expands the autonomous delivery option, CEO Tony Xu said on a second-quarter earnings call on Wednesday.

"I'm a big believer that you really have to nail something before you scale it," Xu said.

To make autonomous deliveries work, DoorDash has to correctly estimate how long it will take restaurants to prepare orders, Xu said. The company also has to figure out how Dot can drop off orders at gated communities or interact with a doorman at an apartment building.

Xu also pointed to the issue of loading the robots. The company is paying some DoorDash workers about $5 to load orders into Dot robots, Business Insider reported on Sunday.

Those challenges "might be literally one one thousandth the number of issues that you have to solve to actually have a chance at making autonomous deliveries actually happen," Xu said on Wednesday's call.

DoorDash will also have to solve similar problems for DoorDash Air, the drone delivery service that it announced last month. The company expects to start drone deliveries later this year.

Companies like Uber and DoorDash have turned to autonomous vehicles to make more ride-hailing trips and deliver more orders over the past year. Without people driving them, though, the companies must solve a number of problems.

With Dot, DoorDash is trying to solve issues from maintenance and manufacturing to having infrastructure to charge the robots, the company wrote in a press release on its second-quarter earnings.

Those "are all extremely difficult and must be addressed at scale," DoorDash said in the release.

Do you have a story idea about DoorDash? Contact this reporter at [email protected] or via encrypted messaging app Signal at 808-854-4501. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's our guide to sharing information securely.

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Alex Bitter You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.

Alex Bitter is a senior retail reporter covering the gig economy, food, and retail. His work focuses major gig delivery and ride-hailing apps, including Uber, Lyft, DoorDash, Instacart, and Walmart's Spark. He is interested in everything from what it's like to work on the apps to the companies' business strategies.Some of his recent stories feature gig workers who have been deactivated on the apps, DoorDash hiring traditional employees to make deliveries, gig workers' use of bots, and gig work expanding into new professions, such as nursing.Alex has also written about Aldi's US expansion, Starbucks' turnaround efforts, and the fallout from Kraft-Heinz's budget cutting. Convenience store chain Sheetz ended its "smile policy" after his reporting.Before joining Insider in September 2020, he wrote about consumer and retail companies for S&P Global Market Intelligence. He's a graduate of the University of Hawai'i at Mānoa and grew up on the Big Island.Alex lives in the Washington, DC, area, where you can find him studying ancient coins or searching for Civil War artifacts with his metal detector in his free time.Got a tip? Reach out at [email protected] or via encrypted messaging app Signal at +1 (808) 854-4501.

Delivery automation

A DoorDash delivery person is pictured on the day they hold their IPO in the Manhattan borough of New York City, New York, U.S., December 9, 2020. REUTERS/Carlo Allegri Purchase Licensing Rights, opens new tab

Aug 5 (Reuters) - DoorDash (DASH.O), opens new tab on Wednesday forecast third-quarter gross order value and core profit above Wall Street estimates after topping results for ​the prior three months on sustained demand for food, ‌grocery and convenience deliveries.

Consumers prioritizing convenience, including for groceries and everyday essentials, have boosted demand for firms such as DoorDash, which has been diversifying ​beyond restaurant deliveries.

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The company expects third-quarter marketplace gross order ​value (GOV), the total dollar value of orders placed on ⁠its platform, of $33 billion to $34 billion, above analysts' expectations of $32.64 ​billion, according to data compiled by LSEG.

Last month, DoorDash, which partners ​with food and grocery chains including Domino's (DPZ.O), opens new tab and Kroger (KR.N), opens new tab, launched its in-house drone delivery program, DoorDash Air, as part of efforts to reduce reliance on human ​couriers and expand its logistics network.

DoorDash has also stepped up ​investments in membership offerings such as DashPass and expanded grocery delivery coverage ‌in ⁠the U.S. and international markets, including Canada, through partnerships with retailers such as Sobeys and Safeway.

The company's third-quarter adjusted earnings before interest, taxes, depreciation and amortization are expected to be between $950 million ​and $1.10 billion, largely ​above expectations ⁠of $979.6 million.

DoorDash said adjusted EBITDA as a percentage of marketplace GOV would decline sequentially in the ​fourth quarter, broadly in line with trends seen ​last year, ⁠due to seasonally higher Dasher and insurance costs, along with increased investment in technology and autonomous-delivery initiatives.

For the second quarter ended June ⁠30, ​marketplace GOV rose 36% to $33.08 billion, ​topping estimates of $32.08 billion. Adjusted EBITDA increased 40% to $914 million, compared with expectations of $841.8 ​million.

Reporting by Neil J Kanatt in Bengaluru; Editing by Sriraj Kalluvila

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Key Takeaways DoorDash will report Q2 results on Aug. 5, with revenues expected to rise 31.53% year over year.DASH projects Marketplace GOV of $32.4-$33.4 billion, supported by strong demand and order growth.Grocery expansion and DashPass gains may help, while competition and heavy investments pressure costs. DoorDash (DASH - Free Report) is set to release its second-quarter 2026 results on Aug. 5.

The Zacks Consensus Estimate for earnings is pegged at 50 cents per share, unchanged over the past 30 days. This indicates a year-over-year decline of 23.08%.

The Zacks Consensus Estimate for revenues is pegged at $4.32 billion, suggesting a 31.53% increase year over year.

The company’s earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters while missing it twice, with an average surprise of 7.98%.

Let us see how things have shaped up for this announcement.

Factors Likely to Have Driven DASH’s Q2 2026DoorDash’s second-quarter 2026 performance is expected to have benefited from strong total orders and Marketplace GOV, enhanced logistics efficiency and an increasing contribution from advertising. In the first quarter of 2026, Marketplace GOV increased 37% year over year to $31.6 billion. For the second quarter of 2026, DoorDash expects Marketplace GOV in the range of $32.4-$33.4 billion.

DoorDash is consistently investing in expanding its partner base to provide express grocery delivery for consumers, a new offering that cements its position further among other on-demand delivery platforms. This is expected to have boosted DoorDash’s total orders in the to-be-reported quarter. The Zacks Consensus Estimate for second-quarter total orders is pegged at $974 million, indicating 27.9% year-over-year growth.

DoorDash’s second-quarter 2026 performance is expected to have benefited from healthy consumer demand, accelerating DashPass membership and rising order frequency. Monthly active users reached an all-time high, while member growth accelerated and subscription engagement remained strong across DoorDash, Deliveroo and Wolt. The company indicated that the second quarter had started on a strong note, reflecting sustained demand momentum.

The quarterly performance is expected to have benefited from continued strength in DoorDash’s grocery and new-verticals businesses. The company has been expanding its grocery selection by adding retail partners while improving affordability, basket building, fulfillment capabilities and picking accuracy. Continued grocery market share gains, broader merchant selection and investments in DashMart Fulfillment Services and retail fulfilment capabilities are expected to have supported higher order frequency in the second quarter.

However, DoorDash faces extensive competition in its largest business category, local food delivery logistics, which is expected to have hurt its top-line growth in the to-be-reported quarter. The company also faces competition from local incumbents in the markets. Heavy investments in global infrastructure, new verticals and technology platforms are creating prolonged cost burdens.

What Our Model SaysPer the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the exact case here.

DoorDash has an Earnings ESP of -8.15% and a Zacks Rank #5 (Strong Sell) at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Stocks to ConsiderHere are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases.

NVIDIA (NVDA - Free Report) has an Earnings ESP of +0.52% and a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

 NVIDIA shares have gained 7.6% in the year-to-date period. NVIDA is set to report second-quarter fiscal 2027 results on Aug. 26.

Analog Devices (ADI - Free Report) has an Earnings ESP of +2.73% and a Zacks Rank #2 at present.

 Analog Devices shares have gained 35.5% in the year-to-date period. Analog Devices is scheduled to report its third-quarter 2026 results on Aug. 19.

Applied Materials (AMAT - Free Report) has an Earnings ESP of +1.52% and a Zacks Rank #2.

Applied Materials shares have gained 97.5% in the year-to-date period. Applied Materials is set to report its third-quarter 2026 results on Aug. 13.

U.S. lawmakers have requested information from food delivery company DoorDash on its use of Chinese artificial intelligence models, CNBC has learned, as scrutiny around American businesses' use of systems developed by China ramps up.

In a letter obtained by CNBC, the chairmen of two House Select Committees conducting a joint investigation into security implications of U.S. companies using Chinese AI models asked DoorDash to share "information and documents" relating to its evaluation and deployment of AI systems from China.

"DoorDash proudly supports American AI leadership and is working to ensure AI benefits Main Street, not just the biggest companies," a DoorDash spokesperson told CNBC. "We look forward to engaging with the Committees on how we safely and responsibly use AI, including American-developed frontier models and open-weight models."

Rising adoption of China-built AI models has led to growing calls from U.S. lawmakers for strategies to combat the trend, including via an ongoing investigation from The House Committee on Homeland Security and the House Select Committee on the Chinese Communist Party.

An initial step in the joint investigation was for the chairmen of those committees to send letters to Cursor and Airbnb, over their "use of or exposure to these risks" through AI developed in China.

The letter cited a post on X by Andy Fang that details how DoorDash is delegating lower-level AI work to Chinese AI model Kimi K2.6, which is developed by Moonshot AI.

Read more CNBC tech newsAmazon posts 'booming' cloud growth, hikes 2026 capex to $220 billionApple earnings: Revenue tops estimates, but supply constraints weigh on guidanceChina's open-weight model lead exposes America's AI blind spotNew details in the OpenAI Hugging Face hack show how far agents will go: 'It's now remarkably easy'DoorDash's AI research lab had said on X that it had seen Kimi K2.6 and Anthropic's Fable 5 vastly outperform other Anthropic models it had used, including "Sonnet 4.6 and Opus 4.8 harness at a cheaper cost."

"The Committees recognize that U.S. companies, from large technology firms to startups, may evaluate and deploy PRC-developed open-weight models because they can provide competitive capabilities, lower costs, greater customization, and alternatives to reliance on a small number of proprietary model providers," the letter reads.

It added: "Those practical considerations do not eliminate the need for risk-based safeguards or diminish the national security concerns associated with growing dependence on models developed by entities subject to PRC jurisdiction."

AI arms raceAI has emerged as a key point of rivalry between the U.S. and China, with both nations vying for supremacy in the field.

"The Chinese Communist Party is no longer just nipping at our heels in artificial intelligence; it is racing to close the gap in some of the exact capabilities that will shape the future of cybersecurity," Andrew Garbarino, chairman of the U.S. House Committee on Homeland Security, previously told CNBC.

"Recent reporting that a Chinese open-weight model can match leading U.S. models in certain vulnerability discovery and cybersecurity tasks is highly alarming," said Garbarino.

Moonshot AI's release of open weight model Kimi K3 earlier this month claimed to have largely closed the performance gap with leading U.S. models.

While some government departments have banned the usage of Chinese AI models like DeepSeek, adoption by U.S. companies is not prohibited. Tech chiefs, including crypto company Coinbase's Brian Armstrong and AI startup Lindy's Flo Crivello, have been publicly touting the use of models from China to reduce costs.

"An effective federal approach should therefore scrutinize U.S. companies' reliance on [People's Republic of China]-developed models and strengthen the availability, security, and competitiveness of American open-weight alternatives," the letter said.

The availability of open weight models was thrown into the spotlight recently after it emerged that a cyber attack by rogue OpenAI models on Hugging Face was stopped by using a Chinese system.

Open weight models can be downloaded, modified and self-hosted by companies. The most capable open weight models are Chinese made. The leading frontier models developed by OpenAI and Anthropic are closed.

"The Committees are also examining whether the United States has a sufficient open-weight AI strategy to ensure American companies and cyber defenders are not forced to choose between expensive or restricted U.S. models and cheap, capable PRC-developed alternatives," a Committee aide, who asked not to be named as they were not authorized to discuss the ongoing probe, previously told CNBC.

watch now

DoorDash is building a drone delivery business, including its own aircraft, as part of an effort developed by its robotics and autonomy team, which will eventually operate within the company’s delivery app.

The company unveiled the new business, called DoorDash Air, after receiving a Part 135 air carrier certification from the U.S. Federal Aviation Administration. The certification allows the company to legally operate a commercial drone delivery service in the United States.

This does not mean DoorDash’s custom-built drones will be delivering burritos tomorrow, or even next month. The company didn’t provide a detailed timeline for when its aircraft would be used in operations. But before they do, it will likely begin with limited pilot programs in which the unmanned aircraft will travel short distances while remaining within the line of sight of the operator.

If DoorDash wants its drones to fly autonomously over longer distances, it will need the FAA to approve its Beyond Visual Line of Sight technology, a certification that companies like Amazon, Wing and Zipline have received in recent years.

Despite the new program, the food and grocery delivery company is maintaining its existing partnerships with Wing and Flytrex. DoorDash partnered with Alphabet’s Wing in 2022 for a drone delivery program in Australia, later expanded the partnership to a couple of U.S. cities, including Dallas-Fort Worth, in 2024.

DoorDash Air was developed within DoorDash Labs, the R&D team behind Dot, the autonomous sidewalk delivery bot the company introduced in September 2025. The delivery bot is now operating in Phoenix suburbs of Tempe, Mesa, Gilbert, and Chandler as well as in Fremont, California.

The company’s foray into sidewalk bots and drones may seem well outside its core business model — an app that connects restaurants and customers with contractors who pick up food and deliver it to people’s doors. But DoorDash’s co-founder and chief product officer Stanley Tang said there is a common thread.

“We didn’t start with the question, “What’s the coolest autonomous tech we could make?” We started from first principles: What’s the actual customer problem that needs to be solved?” Tang wrote in a blog post on Wednesday announcing DoorDash Air.

In the company’s view, drones and sidewalk bots are part of the broader delivery network it is building.

The physical hardware — for instance, a 350-pound sidewalk bot or a drone — is important to this expanded view. But Tang argues that the operating system, particularly the software that can correctly determine what mode is used to deliver that burrito, sushi or pad thai, is just as critical.

DoorDash Labs has already developed software, called the Autonomous Delivery Platform, to handle the coordination challenge, according to Tang, and this operating system works with Dot, human delivery drivers and soon, the drone.

He noted that the company is tackling the full stack of challenges, from hardware and embedded systems to routing algorithms, and deciding in real-time whether human drivers, drones, or a sidewalk bot is the best option to dispatch a delivery.

This complexity was part of Tang’s recruitment pitch to engineering hires in the blog post.

“Most autonomy companies work on one layer. At DoorDash, you’re working on all of them simultaneously; nobody else is running all these systems on one network,” he wrote. “DoorDash is where the most interesting problems in autonomy are being solved today.”

When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.

Kirsten Korosec is a reporter and editor who has covered the future of transportation from EVs and autonomous vehicles to urban air mobility and in-car tech for more than a decade. She is currently the transportation editor at TechCrunch and co-host of TechCrunch’s Equity podcast. She is also co-founder and co-host of the podcast, “The Autonocast.” She previously wrote for Fortune, The Verge, Bloomberg, MIT Technology Review and CBS Interactive.

You can contact or verify outreach from Kirsten by emailing [email protected] or via encrypted message at kkorosec.07 on Signal.

By PYMNTS  |  July 22, 2026

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DoorDash’s banking product for delivery drivers, DoorDash Crimson, now includes instant deposits powered by Astra’s Payment Cloud.

With this capability, DoorDash delivery drivers can use Visa Direct and Mastercard Send to add funds from external accounts in real time, Astra said in a Wednesday (July 22) press release.

Astra’s Payment Cloud is a vertically integrated platform that powers real-time money movement for businesses through a single application programming interface (API), according to the release.

The integration of this payments infrastructure into DoorDash Crimson includes payment execution, workflow automation, optimized card authorization, embedded risk controls and automated treasury functionality, per the release.

“We chose Astra because their platform architecture combines instant payments with automated treasury capabilities in a single system,” Nancy Yang, director, strategy and operations at DoorDash, said in the release. “The ease of integration and consistent performance gave us confidence we could support DoorDash Crimson at scale.”

Astra CEO Gil Akos said in the release that Astra’s payments infrastructure delivers the reliability and speed required by companies like DoorDash that process millions of transfers.

“We built the Payments Cloud to provide infrastructure that makes real-time money movement dependable and straightforward for teams building modern financial products,” Akos said.

The PYMNTS Intelligence report “Banking Both Sides: Instant Payouts Turn Receivers Into Customers” found that instant deposit has become something workers actively shop for when they are picking gig platforms and employers.

Thirty-one percent of gig workers said it is urgent that they receive disbursements instantly, according to the report.

Gig, creator and marketplace platforms are the most aggressive adopters of instant payouts in absolute terms, with nearly one-third of senders offering instant payouts always or most of the time, per the report.

“The disbursement market is moving to instant with or without any individual bank’s participation,” the report said. “Recipient demand is real, sender response is accelerating and the rails are in place.”

Astra announced in a February blog post that it secured a $10 million strategic investment from Nyca Partners to scale the Payments Cloud.

“Instant capabilities are no longer nice-to-have,” Akos said in the post. “Velocity creates value and enabling real-time payments is the difference between winning and losing customers.”

Key Takeaways DoorDash's Shopify integration simplifies onboarding and expands access to on-demand local delivery.The Dollar Tree partnership adds delivery from more than 9,000 stores across 48 U.S. states. DoorDash expects second-quarter 2026 Marketplace GOV of $32.4 billion to $33.4 billion. DoorDash (DASH - Free Report) shares have declined 18.7% in the year-to-date period, significantly underperforming the Zacks Computer and Technology sector's 11.8% growth. The weakness reflects investor concerns over continued investments in its global technology platform, Deliveroo integration and near-term margin pressure despite strong operating performance.

DoorDash continues to strengthen its long-term growth prospects by expanding its local commerce ecosystem and merchant services portfolio, supported by growing demand for same-day retail delivery and omnichannel commerce solutions.

The company is benefiting from growing demand for integrated digital commerce and on-demand fulfilment as retailers seek unified platforms for online ordering and local delivery. DoorDash has expanded its Commerce Platform beyond restaurant delivery through Drive, Digital Ordering, SevenRooms and Reservations, while strengthening its grocery and retail business with new categories, improved merchant onboarding and record customer additions. These investments have strengthened DoorDash's retail ecosystem and set the stage for deeper commerce platform integrations.

DoorDash Expands Local Commerce Platform With ShopifyDoorDash continues to strengthen its merchant ecosystem through investments in retail delivery, digital commerce and merchant enablement, supporting the growing adoption of on-demand local commerce.

Building on this strategy, the company announced in July 2026 a direct integration with Shopify (SHOP - Free Report) that enables U.S. merchants with physical stores to seamlessly sell products on the DoorDash Marketplace while offering on-demand local delivery. Merchants can activate DASH directly from Shopify, automatically synchronize product catalogs and inventory and manage operations through a single platform.

The Shopify integration eliminates manual onboarding and separate catalog management, allowing merchants to reach millions of DoorDash customers while leveraging the company's nationwide delivery network. Designed for independent retailers and omnichannel businesses, the partnership is expected to expand retail selection, accelerate merchant acquisition, increase Marketplace gross order value (GOV) and strengthen DoorDash's position as a leading local commerce platform.

DASH Benefits From Expanding Partner BaseDoorDash is consistently investing in expanding its partner base to provide express grocery delivery for consumers, a new offering that further strengthens its position among on-demand delivery platforms. This has boosted DoorDash’s total orders and marketplace GOV. In the first quarter of 2026, total orders rose 27% year over year to 933 million, and Marketplace GOV increased 37% to $31.6 billion, driving revenues up 33% to $4 billion.

Further strengthening its merchant network, in May 2026, DoorDash partnered with Dollar Tree (DLTR - Free Report) to offer on-demand delivery from more than 9,000 Dollar Tree stores across 48 U.S. states. Customers can access over 10,000 affordable products through DASH, enhancing convenience while helping Dollar Tree reach new shoppers and strengthen its omnichannel retail strategy.

DoorDash Provides Strong Q2 2026 OutlookDoorDash's expanding merchant ecosystem, growing retail marketplace and continued investments in technology are expected to support long-term revenue growth. For the second quarter of 2026, DoorDash expects Marketplace GOV in the range of $32.4-$33.4 billion.

The Zacks Consensus Estimate for second-quarter 2026 revenues is pegged at $4.32 billion, indicating year-over-year growth of approximately 31.53%.

The consensus mark for second-quarter 2026 earnings is pegged at 50 cents per share, unchanged over the past 30 days, indicating a year-over-year decline of 23.08%.

Competition & Margin Pressures Remain Key Concerns For DASHDespite an expanding portfolio and partner base, the company continues to face intense competition from Uber Eats, Grubhub and other local delivery platforms, as well as retailers operating their own delivery capabilities. The competitive environment could keep promotional spending elevated, increase customer churn risk and limit long-term margin expansion.

Profitability remains under pressure as DoorDash continues to invest heavily in its global technology platform and Deliveroo integration. The company is investing several hundred million dollars to unify DoorDash, Wolt and Deliveroo on a common technology infrastructure, which could keep operating expenses high in the near term despite long-term efficiency benefits.

DASH's Zacks Rank & Stock to ConsiderCurrently, DoorDash carries a Zacks Rank #5 (Strong Sell).

Dell Technologies (DELL - Free Report) is a better-ranked stock that investors can consider in the broader Zacks Computer and Technology sector. Dell Technologies sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

DELL shares have surged 214.8% in the year-to-date period. The long-term earnings growth rate for Dell Technologies is pegged at 26.35%.