Analyst Consensus ?
ConsensusBuy38 ratings
Bullish2976.3%
Neutral923.7%
Bearish00.0%
DoorDash, Inc. · DASH · FY2026 Q1 · Calendar Q2 2026
DoorDash Q1 2026: EPS Beat, Revenue Light Amid AI and Tech Platform Push
DoorDash reported Q1 2026 EPS of $0.42 versus a $0.36 consensus estimate (a 16% beat), while revenue of $4.04 billion came in 2.8% below the $4.15 billion estimate. The stock's initial reaction was positive — an abnormal move of +2.3% relative to SPY on the event-to-next-session window — but shares subsequently drifted 8.5% lower, consistent with investor caution over a stepped-up investment cycle. Management committed $100 million to replatform the global tech stack, pushed AI-driven agentic commerce as a central 12-to-24-month priority, and reported early scaling of the Dot autonomous delivery fleet. Full-year guidance was reaffirmed for the second consecutive quarter, with management citing record advertising revenue and grocery delivery volumes on a path to gross-profit positivity in H2 2026. At $195.52, shares trade at a meaningful discount to the $248.50 consensus target.
Reported After market closeNASDAQCommunication Services
$85.19B market cap
100quality score
Company context
Snapshot as of publicationDoorDash, Inc. operates a comprehensive logistics platform globally and within the United States, linking merchants, consumers, and delivery personnel ('dashers'). Through its primary marketplaces, DoorDash and Wolt, the company provides essential services designed to help merchants overcome critical challenges, including customer acquisition, delivery logistics, data insights and analytics, merchandising support, payment processing, and customer assistance. Additionally, DoorDash offers subscription-based products like DashPass and Wolt+, alongside white-label delivery fulfillment services under DoorDash Drive and Wolt Drive. Its portfolio also includes DoorDash Storefront, which enables merchants to provide on-demand e-commerce access to their customers, and Bbot, a solution offering digital ordering and payment processing for both in-store and online channels. Founded in 2013 as Palo Alto Delivery Inc., the company officially adopted the name DoorDash, Inc. in 2015. It is headquartered in San Francisco, California.
Earnings scorecard
Reported versus consensus
Reported EPS
$0.42
Consensus $0
EPS surprise
+15.8%
Reported versus consensus
Reported revenue
$4.04B
Consensus $4.15B
Revenue surprise
-2.8%
Reported versus consensus
Earnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$195.52Previous close
$60Low
$224.44Average
$350High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Jul 29, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Keybanc | Overweight | Overweight | Maintain | Jul 14, 2026 |
| Jefferies | Buy | Buy | Maintain | Jul 14, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Jul 6, 2026 |
| Guggenheim | Buy | Buy | Maintain | Jun 23, 2026 |
| BTIG | Buy | Buy | Maintain | Jun 12, 2026 |
| Susquehanna | Positive | Positive | Maintain | May 8, 2026 |
| Citigroup | Buy | Buy | Maintain | May 8, 2026 |
| UBS | Neutral | Neutral | Maintain | May 7, 2026 |
| Truist Securities | Buy | Buy | Maintain | May 7, 2026 |
| Piper Sandler | Neutral | Neutral | Maintain | May 7, 2026 |
| Needham | Buy | Buy | Maintain | May 7, 2026 |
| DA Davidson | Neutral | Neutral | Maintain | May 7, 2026 |
| Stifel | Hold | Hold | Maintain | Apr 13, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Mar 3, 2026 |
| Citizens | Market Outperform | Market Outperform | Maintain | Feb 20, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Feb 19, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Feb 19, 2026 |
| Cantor Fitzgerald | Overweight | Overweight | Maintain | Feb 19, 2026 |
| Bernstein | Outperform | Outperform | Maintain | Feb 19, 2026 |
| Benchmark | Buy | Buy | Maintain | Feb 19, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Feb 19, 2026 |
| B of A Securities | Buy | Buy | Maintain | Feb 19, 2026 |
| Wedbush | Outperform | Outperform | Maintain | Dec 19, 2025 |
| Argus Research | Buy | Buy | Maintain | Dec 12, 2025 |
| Goldman Sachs | Buy | Buy | Maintain | Nov 7, 2025 |
| RBC Capital | Outperform | Outperform | Maintain | Nov 6, 2025 |
| JP Morgan | Overweight | Overweight | Maintain | Nov 6, 2025 |
| Morgan Stanley | Overweight | Overweight | Maintain | Oct 20, 2025 |
| Raymond James | Strong Buy | Strong Buy | Maintain | Aug 7, 2025 |
| JMP Securities | Market Outperform | Market Outperform | Maintain | Aug 7, 2025 |
| BMO Capital | Outperform | Outperform | Maintain | Aug 7, 2025 |
| Roth Capital | Neutral | Neutral | Maintain | Jul 14, 2025 |
| Loop Capital | Buy | Buy | Maintain | Feb 24, 2025 |
| Roth MKM | Neutral | Neutral | Maintain | Feb 12, 2025 |
| Wolfe Research | Outperform | Outperform | Maintain | Jan 3, 2025 |
| Deutsche Bank | Buy | Buy | Maintain | Apr 16, 2024 |
| MoffettNathanson | Buy | Neutral | Upgrade | Apr 11, 2024 |
| Gordon Haskett | Hold | Buy | Downgrade | Jun 14, 2023 |
Named analyst price targets
Upside is calculated against the persisted previous close $195.52. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Wells Fargo | Analyst unavailable | $199 | $192.01 | +1.8% | Jul 6, 2026 |
| BTIG | Jake Fuller | $225 | $154.59 | +15.1% | Jun 12, 2026 |
| Argus Research | Taylor Conrad | $190 | $147.52 | -2.8% | Jun 11, 2026 |
| Redburn Partners | Analyst unavailable | $350 | $157.52 | +79.0% | May 12, 2026 |
| Susquehanna | Analyst unavailable | $225 | $166.44 | +15.1% | May 8, 2026 |
| D.A. Davidson | Analyst unavailable | $200 | $167.12 | +2.3% | May 7, 2026 |
| Truist Financial | Analyst unavailable | $330 | $172.57 | +68.8% | May 7, 2026 |
| Piper Sandler | Thomas Champion | $205 | $167.97 | +4.8% | May 7, 2026 |
| Goldman Sachs | Analyst unavailable | $280 | $167.97 | +43.2% | May 7, 2026 |
| MoffettNathanson | Analyst unavailable | $276 | $163.55 | +41.2% | Apr 15, 2026 |
| BTIG | Jake Fuller | $280 | $152.38 | +43.2% | Apr 10, 2026 |
| D.A. Davidson | Analyst unavailable | $224 | $174.56 | +14.6% | Feb 20, 2026 |
| Needham | Analyst unavailable | $265 | $182.26 | +35.5% | Feb 19, 2026 |
| Roth Capital | Rohit Kulkarni | $200 | $178.36 | +2.3% | Feb 19, 2026 |
| Evercore ISI | Analyst unavailable | $300 | $179.08 | +53.4% | Feb 19, 2026 |
| Oppenheimer | Analyst unavailable | $235 | $173.38 | +20.2% | Feb 19, 2026 |
| Bernstein | Analyst unavailable | $270 | $173.38 | +38.1% | Feb 19, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $230 | $173.38 | +17.6% | Feb 19, 2026 |
| UBS | Analyst unavailable | $240 | $173.38 | +22.7% | Feb 19, 2026 |
| Piper Sandler | Analyst unavailable | $220 | $173.38 | +12.5% | Feb 19, 2026 |
| Guggenheim | Analyst unavailable | $255 | $173.38 | +30.4% | Feb 19, 2026 |
| Morgan Stanley | Brian Nowak | $275 | $173.38 | +40.7% | Feb 19, 2026 |
| Wells Fargo | Analyst unavailable | $221 | $173.38 | +13.0% | Feb 19, 2026 |
| Barclays | Analyst unavailable | $220 | $173.38 | +12.5% | Feb 19, 2026 |
| UBS | Stephen Ju | $245 | $207.98 | +25.3% | Feb 2, 2026 |
| Goldman Sachs | Analyst unavailable | $267 | $204.62 | +36.6% | Feb 2, 2026 |
| Guggenheim | Analyst unavailable | $275 | $206.66 | +40.7% | Jan 29, 2026 |
| Stifel Nicolaus | Analyst unavailable | $224 | $209.41 | +14.6% | Jan 27, 2026 |
| KeyBanc | Justin Patterson | $275 | $206.48 | +40.7% | Jan 20, 2026 |
| UBS | Analyst unavailable | $275 | $205.32 | +40.7% | Jan 20, 2026 |
| BNP Paribas | Analyst unavailable | $280 | $217.4 | +43.2% | Jan 14, 2026 |
| Wells Fargo | Analyst unavailable | $251 | $230.52 | +28.4% | Jan 8, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $285 | $230.52 | +45.8% | Jan 8, 2026 |
| Wolfe Research | Analyst unavailable | $270 | $226.72 | +38.1% | Jan 5, 2026 |
| Wedbush | Analyst unavailable | $270 | $236.23 | +38.1% | Dec 19, 2025 |
| Argus Research | Taylor Conrad | $260 | $226.65 | +33.0% | Dec 12, 2025 |
| Jefferies | Analyst unavailable | $270 | $219.4 | +38.1% | Dec 11, 2025 |
| KeyBanc | Justin Patterson | $280 | $187.85 | +43.2% | Nov 21, 2025 |
| Jefferies | John Colantuoni | $260 | $212.08 | +33.0% | Nov 19, 2025 |
| Oppenheimer | Jason Helfstein | $280 | $199.88 | +43.2% | Nov 6, 2025 |
| Cantor Fitzgerald | Deepak Mathivanan | $270 | $202.26 | +38.1% | Nov 6, 2025 |
| UBS | Stephen Ju | $316 | $262.43 | +61.6% | Oct 28, 2025 |
| Goldman Sachs | Analyst unavailable | $315 | $258.15 | +61.1% | Oct 27, 2025 |
| Truist Financial | Youssef Squali | $340 | $249.39 | +73.9% | Oct 23, 2025 |
| Morgan Stanley | Analyst unavailable | $330 | $263.06 | +68.8% | Oct 20, 2025 |
| BTIG | Jake Fuller | $315 | $263.06 | +61.1% | Oct 20, 2025 |
| Jefferies | Analyst unavailable | $280 | $263.65 | +43.2% | Oct 17, 2025 |
| Guggenheim | Analyst unavailable | $330 | $270.54 | +68.8% | Oct 14, 2025 |
| Wells Fargo | Analyst unavailable | $301 | $270.09 | +53.9% | Oct 3, 2025 |
| Mizuho Securities | Analyst unavailable | $350 | $272.5 | +79.0% | Sep 29, 2025 |
| D.A. Davidson | Tom White | $260 | $257.43 | +33.0% | Sep 10, 2025 |
| Wells Fargo | Ken Gawrelski | $306 | $246.85 | +56.5% | Sep 5, 2025 |
| Susquehanna | Shyam Patil | $300 | $255.95 | +53.4% | Aug 11, 2025 |
| BMO Capital | Brian Pitz | $288 | $270.99 | +47.3% | Aug 7, 2025 |
| Wedbush | Scott Devitt | $280 | $270.99 | +43.2% | Aug 7, 2025 |
| Stifel Nicolaus | Mark Kelley | $239 | $270.99 | +22.2% | Aug 7, 2025 |
| Needham | Bernie McTernan | $300 | $270.99 | +53.4% | Aug 7, 2025 |
| Truist Financial | Youssef Squali | $326 | $270.99 | +66.7% | Aug 7, 2025 |
| KeyBanc | Justin Patterson | $325 | $263.88 | +66.2% | Aug 7, 2025 |
| Stifel Nicolaus | Mark Kelley | $198 | $214.97 | +1.3% | Jun 10, 2025 |
| D.A. Davidson | Tom White | $190 | $190.11 | -2.8% | May 7, 2025 |
| Wedbush | Scott Devitt | $200 | $190.11 | +2.3% | May 7, 2025 |
| Roth Capital | Rohit Kulkarni | $191 | $190.11 | -2.3% | May 7, 2025 |
| UBS | Stephen Ju | $196 | $190.11 | +0.2% | May 7, 2025 |
| Wells Fargo | Ken Gawrelski | $198 | $190.11 | +1.3% | May 7, 2025 |
| Cantor Fitzgerald | Deepak Mathivanan | $200 | $170 | +2.3% | Jan 7, 2025 |
| Wolfe Research | Shweta Khajuria | $220 | $173.7 | +12.5% | Jan 3, 2025 |
| Bank of America Securities | Michael McGovern | $172 | $155.25 | -12.0% | Oct 31, 2024 |
| Piper Sandler | Alexander Potter | $160 | $155.25 | -18.2% | Oct 31, 2024 |
| Needham | Bernie McTernan | $180 | $155.25 | -7.9% | Oct 31, 2024 |
| JMP Securities | Andrew Boone | $190 | $155.25 | -2.8% | Oct 31, 2024 |
| Piper Sandler | Ross Sandler | $163 | $155.25 | -16.6% | Oct 31, 2024 |
| Evercore ISI | Mark Mahaney | $200 | $155.25 | +2.3% | Oct 31, 2024 |
| BTIG | Jake Fuller | $175 | $155.25 | -10.5% | Oct 31, 2024 |
| Jefferies | John Colantuoni | $180 | $152.72 | -7.9% | Oct 22, 2024 |
| Truist Financial | Youssef Squali | $170 | $152.89 | -13.1% | Oct 22, 2024 |
| KeyBanc | Justin Patterson | $177 | $141.68 | -9.5% | Sep 25, 2024 |
| Raymond James | Josh Beck | $155 | $139.51 | -20.7% | Sep 23, 2024 |
| BTIG | Jake Fuller | $155 | $132.48 | -20.7% | Sep 19, 2024 |
| Cantor Fitzgerald | Deepak Mathivanan | $160 | $127.87 | -18.2% | Sep 5, 2024 |
| Citigroup | Ronald Josey | $155 | $119 | -20.7% | Aug 5, 2024 |
| D.A. Davidson | Tom White | $119 | $117.23 | -39.1% | Aug 5, 2024 |
| Susquehanna | Shyam Patil | $140 | $118.31 | -28.4% | Aug 5, 2024 |
| Jefferies | John Colantuoni | $155 | $121.3 | -20.7% | Aug 5, 2024 |
| Morgan Stanley | Brian Nowak | $150 | $117.32 | -23.3% | Aug 2, 2024 |
| Truist Financial | Youssef Squali | $150 | $116.93 | -23.3% | Aug 2, 2024 |
| Wolfe Research | Shweta Khajuria | $130 | $105.65 | -33.5% | Jul 15, 2024 |
| Deutsche Bank | Lee Horowitz | $155 | $115.47 | -20.7% | May 7, 2024 |
| RBC Capital | Brad Erickson | $165 | $127.46 | -15.6% | May 2, 2024 |
| Loop Capital Markets | Rob Sanderson | $170 | $130.1 | -13.1% | Apr 18, 2024 |
| MoffettNathanson | Michael Morton | $164 | $137.18 | -16.1% | Apr 11, 2024 |
| Wells Fargo | Ken Gawrelski | $125 | $138.78 | -36.1% | Apr 4, 2024 |
| Truist Financial | Youssef Squali | $155 | $139.69 | -20.7% | Mar 27, 2024 |
| JMP Securities | Andrew Boone | $160 | $139.53 | -18.2% | Mar 27, 2024 |
| Piper Sandler | Alexander Potter | $127 | $130.55 | -35.0% | Mar 15, 2024 |
| RBC Capital | Brad Erickson | $175 | $132.4 | -10.5% | Mar 4, 2024 |
| Morgan Stanley | Brian Nowak | $145 | $121.41 | -25.8% | Feb 22, 2024 |
| Raymond James | James Lee | $105 | $83.01 | -46.3% | Sep 18, 2023 |
| Truist Financial | Youssef Squali | $125 | $88.73 | -36.1% | Aug 3, 2023 |
| Roth Capital | Rohit Kulkarni | $72 | $59.56 | -63.2% | Apr 20, 2023 |
| JMP Securities | Andrew Boone | $100 | $59.73 | -48.9% | Mar 24, 2023 |
| Jefferies | Analyst unavailable | $37 | $48 | -81.1% | Jan 9, 2023 |
| Piper Sandler | Analyst unavailable | $40 | $48 | -79.5% | Jan 9, 2023 |
| Mizuho Securities | James Lee | $70 | $58.12 | -64.2% | Dec 14, 2022 |
| RBC Capital | Analyst unavailable | $60 | $57.12 | -69.3% | Dec 2, 2022 |
| Oppenheimer | Jason Helfstein | $70 | $51.4 | -64.2% | Nov 7, 2022 |
| Evercore ISI | Mark Mahaney | $122 | $81.36 | -37.6% | Aug 5, 2022 |
| Barclays | Analyst unavailable | $90 | $81.36 | -54.0% | Aug 5, 2022 |
| RBC Capital | Analyst unavailable | $100 | $81.36 | -48.9% | Aug 5, 2022 |
| Citigroup | Ronald Josey | $89.91 | $81.36 | -54.0% | Aug 5, 2022 |
| Citigroup | Analyst unavailable | $129 | $81.36 | -34.0% | Aug 5, 2022 |
| Citigroup | Analyst unavailable | $118 | $69.36 | -39.6% | Jul 7, 2022 |
| Needham | Bernie McTernan | $100 | $68.48 | -48.9% | Jul 6, 2022 |
| J.P. Morgan | Analyst unavailable | $90 | $66.68 | -54.0% | Jun 29, 2022 |
| Needham | Bernie McTernan | $100 | $71.15 | -48.9% | Jun 27, 2022 |
| Goldman Sachs | Eric Sheridan | $67 | $61.69 | -65.7% | Jun 21, 2022 |
| Truist Financial | Youssef Squali | $185 | $72.97 | -5.4% | Jun 3, 2022 |
| D.A. Davidson | Analyst unavailable | $82 | $68.49 | -58.1% | Jun 3, 2022 |
| JMP Securities | Analyst unavailable | $150 | $69.94 | -23.3% | Jun 2, 2022 |
| Evercore ISI | Analyst unavailable | $116 | $68.2 | -40.7% | Jun 2, 2022 |
| RBC Capital | Analyst unavailable | $94 | $74.46 | -51.9% | May 6, 2022 |
| Needham | Analyst unavailable | $140 | $73.15 | -28.4% | May 6, 2022 |
| Morgan Stanley | Brian Nowak | $100 | $87.39 | -48.9% | Apr 28, 2022 |
| Citigroup | Analyst unavailable | $155 | $106.51 | -20.7% | Apr 20, 2022 |
| Needham | Bernie McTernan | $160 | $105.03 | -18.2% | Feb 17, 2022 |
| JMP Securities | Andrew Boone | $200 | $105.03 | +2.3% | Feb 17, 2022 |
| Mizuho Securities | James Lee | $150 | $94.89 | -23.3% | Feb 16, 2022 |
| Evercore ISI | Mark Mahaney | $256 | $101.81 | +30.9% | Feb 15, 2022 |
| UBS | Lloyd Walmsley | $118 | $97.91 | -39.6% | Feb 7, 2022 |
| Piper Sandler | Alexander Potter | $227 | $214.24 | +16.1% | Nov 10, 2021 |
| CFRA | Angelo Zino | $230 | $214.24 | +17.6% | Nov 10, 2021 |
| Goldman Sachs | Eric Sheridan | $187 | $208.64 | -4.4% | Sep 13, 2021 |
Track every rating change on DASH the moment it posts. Free to start.
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Stock move
+2.0%
Event window
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-0.3%
Same window
Abnormal move
+2.3%
Stock minus SPY
Volume
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Versus trailing sessions
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-8.5%
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Try FN2 freeTranscript intelligence
What changed
Relative to Q4 2025, DoorDash's narrative shifted from acquisition integration toward platform investment and AI. The Deliveroo deal that dominated the prior quarter's discussion is now less prominent, replaced by a newly quantified $100 million global tech replatform with production traffic already live. AI-driven agentic ordering emerged as a new strategic priority for the next 12-24 months, including voice and advanced search capabilities. The Lyft partnership was extended and deepened. Advertising expanded to explore off-site formats beyond the DoorDash app. The autonomous delivery program (Dot) moved from design-phase suburban and rural planning to early scaling. A gas-rewards program creating roughly $50 million in quarterly cost impact was newly disclosed. Bullish sentiment moderated slightly (score 85 to 78), and competitor focus broadened to include Uber, Lyft, and Bolt alongside Amazon and Google.
Guidance delta
DoorDash reaffirmed full-year 2026 guidance for the second consecutive quarter. Management tone remained confident, with the capex outlook continuing to increase. The company did not adjust its EBITDA outlook despite the $100 million tech replatforming investment and ongoing gas-rewards costs, signaling comfort that revenue growth and operational leverage will absorb the incremental spend.
Key takeaways
- EPS of $0.42 beat the $0.36 consensus by 16%, while revenue of $4.04 billion fell short of the $4.15 billion estimate by 2.8%.
- AI and agentic commerce features are now a central strategic focus for the next 12-24 months, with plans for voice ordering and advanced search.
- A $100 million investment to replatform the global technology stack is underway, with production traffic already live.
- Grocery delivery reached record volumes, with a clear path to gross-profit positivity in the second half of 2026.
- Autonomous delivery (Dot) is progressing from design to early scaling, with plans to expand manufacturing and operations.
- Advertising revenue hit a record high, with the company exploring off-site ad opportunities beyond the DoorDash app.
Management priorities
- Launch agentic ordering tools with voice and advanced search capabilities.
- Complete migration to the new global tech platform across all brands.
- Scale the Dot autonomous delivery fleet and expand to additional cities.
- Grow DoorDash for Business catering and broader enterprise offerings.
- Deepen the Lyft partnership and explore additional local-commerce alliances.
- Expand advertising with new off-site ad formats beyond the DoorDash app.
Related earnings events
Communication ServicesVZ · FY2026 Q2 · Calendar Q3 2026Verizon Q2 2026: Record Postpaid Adds, Raised Guidance, New AI Infrastructure DealsCMCSA · FY2026 Q2 · Calendar Q3 2026Comcast Beats on EPS and Revenue as Peacock Turns Profitable and Wireless Hits 10M LinesTMUS · FY2026 Q2 · Calendar Q3 2026T-Mobile Q2 2026: Record NPS, Strong Postpaid Adds, EPS Beat Offset by Revenue Miss
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-07-29T09:22:27.205302+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-29T09:22:27.202447+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated . For educational purposes only; not investment advice.