The Young and the Restless spoilers for Thursday, February 19, 2026, have Victoria giving Billy a reality check, Cane scheming to form an alliance with Daniel, and Claire wanting to trade secrets with Holden.
What's next on The Young and the Restless

Victoria Newman (Amelia Heinle) is reminding Y&R viewers that she is indeed her father's daughter. Vicki is taking the lead on the Newman family against Billy's (Jason Thompson) and Phyllis's (Michelle Stafford) attacks on their family. On Thursday's episode, watch for Vicki to give Billy a reality check.
Vicki told Nate (Sean Dominic) that she was going to let Billy's actions speak for themselves and not directly rat him out to their kids, Johnny (Paxton Mishkind) and Katie (Sienna Mercuri). Will Billy change his mind about taking Chancellor and Newman Media away from the Newmans based on what his ex-wife has to say to him?
Cane is able

Victor ordered Cane (Billy Flynn) to get his company back to him. The mogul doesn't care that doing this isn't within Cane's power anymore. If he wants to see his family again, he's going to have to deliver. This could be the reason that on Thursday's episode that Cane is going to reach out to Daniel (Michael Graziadei).
After all, Phyllis is the key to the AI program, and Daniel is a gateway to Phyllis. If Phyllis has one vulnerability, it's her kids. If Cane gets Daniel on his side, he is one step closer to getting Victor his assets back, which would ensure the safety of Lily and their twin children, Mattie (Lexie Stevenson) and Charlie (Noah Alexander Gerry).
Let's make a deal

On Thursday's episode, watch for Claire Newman (Hayley Erin) to want to trade secrets with Holden Novak (Nathan Owens). Claire is determined to get some dirt on Audra (Zuleyka Silver), and she believes that Holden, who's known Audra for quite some time, is the person who can deliver that intel.
Poor Audra. She's trying to move on with her life. She's told Holden that she'll try to stay out of Claire's way, but Claire is determined to get the scoop on Audra so he can use it against her. Will Holden consciously or inadvertently give up damaging news about Audra? Tune in to find out!