Instacart, formally known as Maplebear Inc., reported fiscal second-quarter revenue of $914 million, an 11% year-on-year increase that surpassed analyst expectations of about $897 million. Earnings per share came in at $0.41, a penny below consensus, while adjusted EBITDA rose 26% to $262 million, also ahead of forecasts. The grocery-delivery platform processed 82.7 million orders during the quarter, up 17%, lifting gross transaction value to $9.08 billion. Net income nearly doubled from a year earlier to $116 million. Gross margin slipped to 74% versus projections of roughly 76%, but stronger order growth and expense discipline offset the pressure. Chief Executive Officer Fidji Simo said the company continues to benefit from consumers’ “stickiness” to online grocery shopping and ongoing expansion of its advertising business. For the current quarter, Instacart projected adjusted EBITDA of $260 million to $270 million, above Wall Street’s roughly $258 million estimate, signaling confidence in sustained demand. The shares rose as much as 10% in late trading following the release.