By Angela Palumbo
DoorDash earnings are expected to grow, but Wall Street is even more focused on guidance and whether the food delivery company's platform investments are paying off.
DoorDash earnings are scheduled to come after the stock market closes Wednesday. Analysts surveyed by FactSet expect the company to report fourth-quarter adjusted earnings of 59 cents a share on revenue of $3.99 billion.
That would be up from the earnings of 33 cents a share on revenue of $2.87 billion posted in the year-ago period.
On top of looking for strong financial results, DoorDash shareholders will also be looking for any updates the company gives on its latest investment plans, including how that spending is affecting its margins.
In November, DoorDash said it planned on investing several hundred million dollars more in new initiatives and platform development in 2026 compared with 2025. Some of the investment was planned for building autonomous delivery vehicles and updating the tech that powers DoorDash's apps.
Truist Securities analyst Youssef Squali wrote Tuesday that the investment plans "should place some pressure on margins near-term." Squali said that concerns about margins have been "the primary driver of the stock's sell-off" since its 2025 third-quarter earnings report.
DoorDash stock has fallen 19% over the past 12 months to $172.13, and 28% since its previous earnings report released Nov. 5.
Squali still rates DoorDash as a Buy with a $330 price target. He thinks these investments will pay off down the line.
Another risk to DoorDash that Wall Street is paying attention to is competition. Delivery apps like Maplebear's Instacart and Uber Technologies' Uber Eats give consumers multiple options for food delivery. Competition also continues to grow, as Amazon.com expands its same-day grocery delivery.
Still, many analysts like DoorDash stock. Of the 50 analysts surveyed by FactSet, 38 say the stock is a Buy, 12 say it's a Hold, and none say it's a Sell.
"This is among our highest quality names," Evercore ISI analyst Mark Mahaney wrote earlier this week. He says the company has a track record of strong execution, can continue to gain market share in restaurant and non-restaurant spaces, and offers a good value to customers. Mahaney rates the stock as Outperform with a $360 price target.
Shares were up 6.1% on Wednesday.
Write to Angela Palumbo at angela.palumbo@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
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February 18, 2026 12:13 ET (17:13 GMT)
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