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CARTBullishEarningsnews
High materiality8/10

Instacart to be acquired by DoorDash in a $17 billion cash-and-stock deal

Oct 29, 2026, 7:56 AM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Deal announcement typically drives immediate upside for the target's equity as a premium is implied; plus strategic fit and cash-and-stock terms can attract buyers’ attention. Risks include deal termination, regulatory hurdles, and execution risk, but the immediate reaction often favors CART on deal news.

AI summary

What happened, with direct paths to the underlying reporting

Instacart announced strong Q3 2026 results and disclosed a definitive merger with DoorDash valuing Instacart at about $17 billion. The combination highlights continued growth in grocery-tech platforms, but the acquisition introduces near-term uncertainty as guidance is suspended and a closing timeline awaits regulatory approval. The market will weigh deal feasibility, potential synergies, and any closing risk in the coming months.

  • Q3 2026: GTV $10.5B, revenue $1.095B, up 15%/17% YoY.
  • GAAP net income $147M; Adjusted EBITDA $342M, up 23% YoY.
  • DoorDash to acquire Instacart for about $17B equity; cash-and-stock terms.
  • Earnings call canceled; guidance suspended amid merger proceedings.

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