Instacart, Inc. (Maplebear Inc.) experienced a significant pre-market decline, with its stock price plunging 6.29% during the pre-market trading session on Wednesday.

The sharp drop followed the release of the company's first quarter 2026 financial results, which presented a mixed picture for investors. While the company reported revenue and adjusted EBITDA that exceeded analyst expectations, it fell short on a key profitability metric.

Instacart's earnings per share came in at $0.57, missing the Ibes estimate of $0.60. This earnings miss appears to have outweighed positive results elsewhere, including revenue of $1,019 million versus estimates of $1,006 million and adjusted EBITDA of $300 million compared to expectations of $287.4 million.