DoorDash, Inc. Class A Common Stock

Carter's, Inc. declared a quarterly dividend of US$0.25 per share, payable on September 25, 2026, to shareholders of record as of September 1, 2026, and became DoorDash's largest kids' apparel assortment for rapid back-to-school delivery. The company also reported earnings that exceeded expectations and raised its outlook, citing marketing and productivity improvements and strength in its baby segment. The new dividend and DoorDash partnership are seen as modest supports to brand reach and confidence, but the core investment narrative still hinges on the baby franchise's resilience against weaker birth trends and rising tariffs. Carter's projects $3.1 billion revenue and $134.4 million earnings by 2029, implying a fair value of $42.67 per share, a 24% upside to its current price. The most optimistic analysts see revenue near $3.2 billion and earnings near $127.8 million, highlighting divergent views on the company's future.

Kohl's announced several developments in August 2026, including expanding Martha Stewart kitchen electrics from Amazon into Kohl's stores and Kohls.com, launching a DoorDash partnership for rapid delivery from more than 1,100 locations, and declaring a regular quarterly dividend of US$0.125 per share payable on September 23, 2026. These moves aim to refresh the merchandise mix and widen distribution ahead of the upcoming second quarter earnings release. The DoorDash partnership ties Kohl's more directly into rapid delivery for apparel and home goods, potentially affecting digital conversion and customer reach metrics. Kohl's narrative projects $15.5 billion revenue and $202.0 million earnings by 2029, assuming fairly flat yearly revenue growth and a $70.0 million earnings decrease from $272.0 million today. Some analysts are more cautious, assuming revenue drifts to about US$14.8 billion and earnings to roughly US$204 million.

Meta Platforms could debut its new consumer AI agent, internally called Hatch, as soon as late August or early September, according to The Information. Unlike a conventional chatbot, Hatch is designed to communicate with outside services such as DoorDash, Etsy, Reddit, Yelp, and Microsoft Outlook, letting users ask the agent to perform tasks across the web. Meta has also discussed a tiered subscription scheme, with a premium package potentially costing as much as $199.99 per month, though no final pricing has been released. The company is separately eyeing October for a new AI model internally called Watermelon, signaling a faster push from AI research to consumer products.

Serve Robotics reported a wider second-quarter loss and cut its full-year revenue outlook, sending shares down 17.8% since the Aug. 6 earnings release. Loss per share widened to 80 cents from 36 cents a year earlier, while revenue jumped 404.4% to $3.24 million, missing the Zacks Consensus Estimate by 15.9% on earnings and 8.5% on revenue. The company lowered 2026 revenue guidance to $9 million to $10 million from $26 million previously, citing weaker delivery volumes and an uncertain Uber partnership that it does not expect to renew after early 2027 unless the operating model improves. Serve Robotics also posted a gross loss of about $8.8 million and non-GAAP operating expenses of about $40.4 million in the quarter, while its forward 12-month price-to-sales ratio stands at 13.31, a premium to industry peers. Zacks maintains a Hold rating on the stock, noting that software and recurring revenues are expanding and DoorDash deliveries grew nearly 50% sequentially, but near-term challenges from lower volumes and widening losses limit upside.

Drone delivery is moving from pilot projects toward a credible role in retail fulfilment, with Amazon planning to expand Prime Air to nearly 500 US cities and towns by the end of 2026 and Walmart having completed more than one million drone deliveries. Walmart is working with Wing on a network of more than 270 locations planned for 2027, while DoorDash received FAA Part 135 air-carrier certification in July and launched DoorDash Air, and Uber has agreed to introduce Zipline drone delivery through Uber Eats with a target of one million drone deliveries a day by the end of 2029. The future is likely a hybrid model in which drones handle small, lightweight, time-sensitive purchases in selected suburban and metropolitan areas, while vans and couriers continue to serve larger or consolidated orders. Regulation remains a key gateway, with the FAA proposing a Beyond Visual Line of Sight framework in 2025 and the UK Civil Aviation Authority aiming to enable routine BVLOS operations through 2027, but cost competitiveness will depend heavily on utilisation, delivery density, and increasing autonomy.

Indian drone startup Airbound has raised $37 million in a Series A round led by Greenoaks with participation from DoorDash, Lachy Groom, Lightspeed, and Humba Ventures. The funding comes less than a year after an $8.65 million seed round, bringing total raised to nearly $50 million. Airbound is developing vertical-flight drones designed to weigh less than their cargo, with a current model weighing about 3.3 pounds and carrying 2.2 pounds, and a next version expected to weigh 6.6 pounds and carry up to 11 pounds. The company has completed more than 13,000 autonomous flights in Bengaluru and Guntur, including over 1,000 flights transporting diagnostic samples for Narayana Health. Airbound has signed an agreement with the Andhra Pradesh government to build a three-city drone delivery network targeting 10,000 flights per day for retail, e-commerce, and healthcare, though the startup remains broadly pre-revenue and faces regulatory hurdles around beyond visual line of sight approvals.

Gig economy stocks reported mixed second-quarter earnings, with revenues in line with analyst consensus but next-quarter guidance 11.2% below expectations. Lyft posted revenues of $1.84 billion, up 16.1% year over year and beating estimates by 1.9%, while DoorDash delivered the biggest beat with revenues of $4.45 billion, up 35.6% year over year. Fiverr was the weakest, with revenues down 10% year over year to $97.78 million and full-year EBITDA guidance missing significantly. Upwork's revenues fell 1.7% year over year to $191.7 million, and Uber's revenues rose 12.2% year over year to $14.19 billion, in line with expectations. On average, gig economy stocks are down 6% since their latest earnings reports.

Amazon, Uber, DoorDash, and Walmart are making major new commitments to drone delivery, signaling a shift from experiment to scale. Amazon said Wednesday its Prime Air service will expand to nearly 500 U.S. cities and towns by the end of 2026, a sixfold increase from its current footprint, with new markets including Chicago, Atlanta, Cleveland, and Syracuse, N.Y. DoorDash recently launched DoorDash Air after receiving FAA certification to operate its own commercial drone service, while Uber announced a strategic partnership with Zipline that aims for 1 million drone deliveries per day by the end of 2029. Walmart told Fortune it is approaching 2 million drone deliveries and plans to build more than 270 drone delivery locations in 2027 with Wing, Alphabet's drone company, reaching more than 40 million Americans.

Little Caesars has partnered with Coco Robotics to deploy autonomous delivery robots across locations in Los Angeles, Chicago, and Miami, with San Jose to follow. Orders placed through participating Little Caesars locations on DoorDash and Uber Eats may be fulfilled by Coco, which integrates directly into both platforms' existing ordering systems. The collaboration has already earned Little Caesars two 2026 Franchise Innovation Awards, including Innovator of the Year for Operations & Technology. Coco Robotics, founded in 2020, has completed over 500,000 zero-emission deliveries across the U.S. and Europe.

Serve Robotics has partnered with Grubhub to fulfill food delivery orders using its sidewalk robots, just days after its years-long tie-up with Uber Eats fell apart. The rollout begins in Chicago, Los Angeles and Alexandria, and comes as Serve also launched with DoorDash in San Jose, California, and Washington, D.C., its seventh and eighth major US markets. CEO Ali Kashani told Reuters he expects the lost Uber volume to be more than replaced over time through Grubhub and other initiatives. The company slashed its full-year 2026 revenue forecast from $26 million to just $9 million to $10 million after Uber exited its stake and Serve decided not to renew the delivery agreement, citing falling order volumes and differing views. Serve's second-quarter revenue jumped 400% year over year to $3.2 million, boosted mainly by the addition of Diligent Robotics revenue rather than organic delivery growth, and the company lost more than $113 million on a GAAP basis in the first half of the year.

DoorDash announced new back to school delivery partnerships with Barnes & Noble, Carter's, Kohl's and Gap/Gap Factory, marking its largest push into nationwide retail, books and department stores. The partnerships extend DoorDash's delivery coverage into books, kids' apparel and broader department store categories across the US ahead of the back to school shopping period. These additions expand DoorDash's non-food offering and give users more ways to consolidate everyday and seasonal spending within the platform.

DoorDash reported second-quarter revenue of $4.45 billion, beating analyst estimates of $4.35 billion, with adjusted EPS of $1.47 versus $1.23 expected. Adjusted EBITDA came in at $914 million, above the $842.3 million consensus, and the company guided third-quarter EBITDA to $1.03 billion at the midpoint, exceeding the $978 million estimate. Orders rose to 970 million, up 209 million year over year, while operating margin declined to 3.5% from 5% a year earlier. During the earnings call, analysts focused on grocery partnership repricing, international growth quality, AI investment returns, autonomous delivery scalability, and global tech stack integration benefits.

Serve Robotics reported second-quarter revenue of $3.2 million, up 9% sequentially and 404% year over year, but slashed its full-year 2026 revenue guidance to $9 million to $10 million from $26 million due to lower expected delivery volume from Uber. GAAP net loss for the quarter was $64 million, or negative $0.80 per share, compared to a $20.9 million loss a year earlier. CEO Ali Kashani said the company does not currently expect to renew its Uber agreement when it expires in early 2027, citing misaligned operating models, while DoorDash delivery volume grew nearly 50% sequentially and another 50% between June and July. The company also lowered its 2026 non-GAAP operating expense outlook to $140 million to $150 million from $160 million to $170 million and reduced capital expenditure guidance to $15 million to $17 million from $25 million, ending the quarter with $240.4 million in cash and marketable securities.

DoorDash reported second-quarter 2026 sales of US$4,454 million and net income of US$200 million, while completing a US$1,049.03 million share repurchase program representing 1.55% of its shares. The company also launched its in-house drone delivery program, DoorDash Air, after securing FAA Part 135 air carrier certification, adding a new technology-driven fulfillment option to support local businesses. Investors are weighing how the drone milestone and higher operating investments interact with the buyback, given earnings pressure in the first half of 2026. DoorDash's narrative projects $26.2 billion revenue and $3.3 billion earnings by 2029, requiring 21.2% yearly revenue growth and about a $2.4 billion earnings increase from $926.0 million today.

DoorDash reported second quarter 2026 results with total orders climbing 27% year over year to 970 million and revenue rising 36% to $4.5 billion, while GAAP net income fell 30% to $200 million. Marketplace gross order value increased 36% to $33.1 billion, and adjusted EBITDA reached $914 million, exceeding the company's own expectations. DashPass membership growth accelerated, with more paid US members added in the past twelve months than in the prior two years combined, and members now account for roughly 75% of orders in grocery and retail categories. The company also highlighted international gains from the Deliveroo acquisition and investments in autonomous delivery, including FAA Part 135 certification for drone testing. However, costs rose sharply, with R&D expense up 52% and G&A up 39%, and management flagged a potential dip in adjusted EBITDA margin in the fourth quarter along with a $700 million to $800 million free cash flow headwind from a merchant payment timing shift.

DoorDash announced an expansion into auto parts delivery, partnering with AutoParts.com to offer over 200,000 parts and accessories with most orders arriving in under an hour. The parts will be sourced from major independently owned retailers across North America, notably excluding the largest chains like AutoZone, O'Reilly, and Advance Auto, which have built their own same-day fulfillment networks. The move targets the growing do-it-yourself market, as a 2025 Circana survey cited by DoorDash indicates roughly one in three consumers has shifted from professional to DIY oil changes. The service raises questions about part fitment accuracy and the transport of items like car batteries and motor oil by gig drivers. DoorDash sees auto parts as a high-urgency, high-margin category that builds on its existing retail and grocery delivery user base.

Ahead of Lyft's second-quarter earnings report, prediction market Kalshi shows traders assigning high probabilities to specific words being mentioned on the call. Revenue is a near-lock at 93%, while Waymo trades at 86% after Alphabet selected Lyft as its Nashville partner. Nashville itself sits at 75%, reflecting bets on whether CEO David Risher will date the Lyft app integration for Waymo rides currently bookable only through Waymo's own app. NYC/New York trades at 72% following Lyft's Curb partnership that put licensed taxis in its app for the first time in the country's largest taxi market. Baidu is at 65% after its robotaxis began testing in London via Freenow, the European mobility app Lyft acquired last year. DoorDash sits at 64% after the companies extended their DashPass tie-up to Canada in April. In contrast, Anthropic/Claude trades at just 34% despite powering Lyft's customer care assistant, while Mobileye is at 23% and Nvidia at 21%. Analysts expect adjusted earnings of about 39 cents per share, up 56%, on revenue of $1.81 billion, with Lyft guiding to gross bookings of $5.30 billion to $5.43 billion and adjusted EBITDA of $160 million to $180 million.

Several stocks made significant premarket moves following earnings reports and guidance updates. Peloton Interactive sank nearly 14% after reporting a year-over-year decline in active paying subscribers of 8.8%, despite revenue topping expectations. Moderna rose 4% after the FDA approved its mRNA flu vaccine, mFlusiva, for adults 50 and older. Versant Media jumped 5% after raising its full-year outlook and beating top and bottom lines, now expecting 2026 revenue of $6.2 billion to $6.45 billion and adjusted EBITDA of $1.9 billion to $2.05 billion. Warby Parker shed 7% after second-quarter revenue of $235.5 million missed the LSEG consensus estimate of $238 million, though EBITDA topped expectations and full-year guidance was reaffirmed. IonQ rose 3.9% on better-than-expected second-quarter revenue and full-year revenue guidance of $280 million to $290 million, exceeding the FactSet consensus of $268.6 million. Sandisk slid 10% as first-quarter revenue guidance of $10.3 billion to $10.8 billion appeared to disappoint traders, with the LSEG consensus at $10.47 billion, despite fourth-quarter beats. Figma shed 14% after full-year adjusted operating income guidance of $125 million to $135 million came in soft versus the FactSet consensus of $133.2 million. DoorDash added 4% after quarterly revenue of $4.45 billion beat the LSEG consensus of $4.34 billion. Zillow slid more than 11% after expanding CFO Jeremy Hofmann's role to include COO, while also reporting adjusted EPS of 52 cents beating estimates of 45 cents and revenue of $772 million beating estimates of $758 million, a day after announcing about 500 layoffs. Western Digital slumped more than 15% as current-quarter projections underwhelmed, calling for adjusted earnings of $4 a share on revenue of $4.1 billion, versus consensus of $3.81 a share on $4.04 billion. Salesforce fell almost 5% after naming Miguel Milano as operating chief. Duolingo tumbled 7% after current-quarter revenue guidance of $302 million missed the FactSet consensus of $303.9 million. Bumble fell 5% after posting a second-quarter loss of 84 cents per share versus an expected profit of 25 cents, and issuing third-quarter adjusted EBITDA guidance of $56 million to $60 million below the $68.7 million consensus. AppLovin tanked nearly 20% after third-quarter adjusted EBITDA guidance of $1.71 billion to $1.74 billion missed the StreetAccount consensus of $1.75 billion.

DoorDash has received FAA Part 135 certification to operate commercial drone deliveries in the United States, launching its own in-house program called DoorDash Air. The certification allows the company to move beyond limited pilot exercises and operate as a formally regulated air carrier. DoorDash Air is intended to support mid-range deliveries of three to five miles, a segment management says has historically taken longer to fulfill because those trips are less attractive to couriers. The company expects that routing more of these orders to drones could free human Dashers for shorter, higher-throughput routes while giving merchants an additional fulfillment option for essentials, groceries, and hot meals.

Ascendant Network has announced a comprehensive lineup of presenting sponsors for SHOWCASE, the world's first retail and commerce media upfront, taking place on September 2 in New York City. More than 15 sponsors are confirmed, including AD Retail Media USA, Albertsons Media Collective, Chase Media Solutions, Chewy Ads, DG Media Network, DICK'S Media, DoorDash Ads, H-E-B Retail Media, Instacart Ads, Macy's Media Network, Orange Apron Media, PayPal Ads, RedVest Media, Sallie Mae Backpack Media, and Walgreens Advertising Group. The invite-only event at The Times Center will provide brands and agencies with early access to product roadmaps, data capabilities, and campaign efficiency tools, with all major advertising holding companies confirmed to participate. DoorDash VP of Ads Toby Espinosa said the event addresses industry fragmentation by giving buyers a single moment to engage with category leaders, while Ascendant Network CEO Susan MacDermid emphasized that SHOWCASE was designed to solve the fragmentation problem and create a platform for high-impact commercial dialogue.

Shopify announced in July 2026 that DoorDash is now available as a native sales channel in its App Store, letting eligible US brick-and-mortar merchants automatically sync catalogs and inventory and begin selling on DoorDash within days without altering existing workflows. The integration could significantly expand DoorDash's local retail reach by giving thousands of independent Shopify merchants turnkey access to its on-demand delivery marketplace. DoorDash's investment narrative projects $26.2 billion in revenue and $3.3 billion in earnings by 2029, requiring 21.2% annual revenue growth and a roughly $2.4 billion earnings increase from the current $926.0 million. The most cautious analysts had assumed about $24.5 billion in revenue and $2.4 billion in earnings by 2029, and the new retail channel might challenge their more pessimistic margin and growth assumptions. A fair value estimate of $245.99 implies a 33% upside to DoorDash's current price.

A select group of Nasdaq 100 companies continue to execute at a high level, growing their market dominance and delivering strong returns. Meta Platforms, with a market cap of $1.59 trillion, has seen its average revenue per user grow by 27.1% annually over the last two years and maintains a healthy EBITDA margin of 61.8%. Marvell Technology, valued at $184.8 billion, posted 22.9% annual revenue growth over five years and projects 45.5% revenue growth, signaling accelerating demand. DoorDash, at a $77.44 billion market cap, expects 25.5% revenue growth and has grown annual earnings per share by 180% over three years, outpacing its revenue performance.

DoorDash has launched instant deposits for its DoorDash Crimson banking product, powered by Astra's Payments Cloud. Dashers can now add funds from external accounts in real time using Visa Direct and Mastercard Send, expanding how and when they can use their DoorDash Crimson Visa Debit Card for everyday spending. The integration includes payment execution, workflow automation, optimized card authorization, embedded risk controls, and automated treasury functionality to ensure secure and reliable instant settlement at scale. Nancy Yang, Director of Strategy and Operations at DoorDash, said the company chose Astra because its platform architecture combines instant payments with automated treasury capabilities in a single system. Astra's Payments Cloud provides a unified infrastructure layer connecting major payment rails through a single API, reducing the need for multiple vendors or in-house settlement management.

DoorDash announced that its marketplace is now a native sales channel within Shopify's App Store, allowing US-based brick-and-mortar Shopify merchants to sync catalogs, inventory, and fulfillment directly without separate onboarding or workflow changes. This deeper integration strengthens Shopify's role as core infrastructure for omnichannel and on-demand retail, linking local merchants to new discovery and delivery routes while keeping operations centralized in Shopify. The move is part of Shopify's broader push into AI-enabled, omnichannel commerce infrastructure, alongside recent launches like Sidekick App Extensions that connect third-party apps and in-store analytics into Shopify's AI assistant. Investors are watching how these integrations may influence Shopify's narrative ahead of its Q2 2026 earnings on August 5, with some analysts projecting $24.1 billion revenue and $3.7 billion earnings by 2029. However, high valuation multiples and rising competition remain key risks.

DoorDash is in focus after announcing a native integration into Shopify's sales channels for US brick-and-mortar merchants and a broad digital ordering and loyalty partnership with Hungry Howie's. The stock currently trades at $189.02, with a 30-day return of 8.97% but a year-to-date decline of 14%. The most followed valuation narrative places DoorDash's fair value at about $246, suggesting the stock is meaningfully discounted, though its current price-to-earnings ratio of 88.9 times remains well above the US hospitality industry average of 23.8 times and a fair ratio estimate of 54.5 times.

Domino's Pizza Inc reported a meaningful increase in order counts across delivery and carryout during its second quarter 2026 earnings call, though same-store sales fell short of expectations due to a miss on ticket. The company attributed the ticket decline to underperformance of its Premium Series and Slice Sauce, while order count growth met expectations. Domino's has become the number one pizza player on both Uber and DoorDash platforms and plans to launch a new product later this quarter targeting an underserved pizza occasion. The company added almost 1,000 new stores globally over the past 12 months and saw a 20% increase in loyalty program members. However, franchisee profitability pressures have led to a slight reduction in expected net U.S. store openings, and Domino's Pizza Enterprises continues to struggle, impacting international same-store sales.

Some consumer-facing companies are experimenting with cheaper Chinese AI models to cut rising costs, even as U.S. firms like OpenAI, Google, and Anthropic offer some of the world's most advanced but priciest systems. DoorDash co-founder and CTO Andy Fang said using a model from Chinese startup Moonshot AI is better quality and cheaper, and the company is launching an experimental tool called DoorDash CLI in limited beta. Cursor used Moonshot's Kimi to build its Composer 2 coding agent, while Lindy has reportedly dropped Anthropic's tools in favor of DeepSeek's V4 models, according to the Financial Times. Airbnb and Siemens are also experimenting with moving daily operations to Chinese AI companies like Alibaba and DeepSeek. A March 16, 2026 study from Hugging Face found that Chinese open-source models accounted for 41% of downloads, though experts warn of security risks such as data sovereignty violations and critical vulnerabilities in model integrity.

DoorDash is deepening its push into retail by integrating with Shopify, allowing independent merchants with physical stores to easily list their products on the DoorDash marketplace. The integration, announced Tuesday, lets small and medium-sized businesses add a new sales channel through the Shopify app store without separate onboarding or manual catalog uploads, automatically syncing inventory so what customers see on DoorDash matches what is on the shelf. The move targets local retailers as a growth category and puts them in front of millions of DoorDash shoppers, with same-day demand turning into sales managed inside Shopify. DoorDash has been expanding beyond restaurant delivery for years, now connecting tens of thousands of national retail stores and seeing 30% of monthly active users order from non-restaurant categories.

StockStory highlights three growth stocks with significant upside potential. Zscaler, with one-year revenue growth of 24.6%, benefits from steady annual recurring revenue trends and a robust free cash flow margin of 28.1%, trading at 6.3 times forward price-to-sales. DoorDash, posting 31% revenue growth, sees orders increasing 22.9% annually and expects 25.6% revenue growth, with shares at 21.5 times forward EV-to-EBITDA. Celsius, with 123% revenue growth, has a 50.4% gross margin and 215% annual earnings per share growth, trading at 18.3 times forward price-to-earnings.

DoorDash reported orders grew 22.9% annually to 933 million in its latest quarter, among the fastest rates for a consumer internet business. Analysts project revenue will rise 25.6% over the next 12 months, slightly below the 27.1% annualized growth of the past three years but still remarkable for its scale. Earnings per share expanded at a 179% compound annual growth rate over three years, outpacing revenue growth and signaling improving profitability. The stock has fallen 18.3% over six months to $188.40, trading at 21.4 times forward EV/EBITDA.

DoorDash is expanding into non-food retail by adding hundreds of thousands of auto parts from AutoParts.com to its Marketplace, supported by geo-located inventory and a promotional launch offer. The move comes as DoorDash's stock has seen a 20.19% gain over the past 30 days and a 20.89% gain over 90 days, though it remains down 14.25% year-to-date. A popular valuation narrative pegs DoorDash's fair value at about $245.99, implying the stock is 23.4% undervalued relative to its last close of $188.46, driven by expectations of faster growth from new verticals and international markets. However, the stock trades at a price-to-earnings ratio of 88.7 times, well above a fair ratio of 54.8 times and the US Hospitality average of 23.6 times, signaling potential valuation risk if sentiment shifts.