‘The Young And The Restless’ Spoilers Thursday, February 12: Victim Found, Victoria’s Golden Ticket, Nikki Frets

By Amandah HancenOn Feb 11, 2026

The Young and the Restless spoilers are in for Thursday, February 12, 2026. Fans can expect Victor Newman (Eric Braeden) to find Cane Ashby’s (Billy Flynn) chloroformed body.

Meanwhile, Billy Abbott (Jason Thompson) and Phyllis Summers (Michelle Stafford) get busted. Keep reading to find out what is coming up in the CBS soap opera. (Make sure to check out our WEEKLY Y&R spoilers, here!)

Cane Ashby Unconscious

Let’s start off with Cane, who was chloroformed by Phyllis. White the redhead kept telling Cane to forgive her as he went down, then Billy walked into the door.

The plan is for Phyllis to transfer ownership of the Newman empire to Phyllis. The only exception is Chancellor, which will be Billy’s. Well, at least if the plan works.

Check Out What Happened On Yesterday’s Episode Of The Young and The Restless

Victor Newman’s Discovery

However, Victor ends up arriving at the train to seek out Cane. When the patriarch finally finds his enemy, he’s shocked.

At the same time, Victor will probably use this situation to his advantage. In a weekly preview clip, we see Victor sitting calmly on a chair while watching an unconscious Cane.

Then, Adam Newman (Mark Grossman) walks in. At first, the man thinks that Cane is dead. When Victor says he’s just passed out, Adam might think his father did that to Cane!

Of course, the Mustache will assure Adam that he didn’t do a thing to Cane. So, what is Victor’s big plan when Cane wakes up? If Billy and Phyllis’ plan is successful, then Newman Enterprises is already gone.

Billy Abbott & Phyllis Summers Busted

The Young and the Restless spoilers for Thursday, February 12 reveal that Billy and Phyllis think they are slick.

However, they end up getting busted. It is Victoria that ends up confronting the devious duo. Victoria might be too late to stop Billy and Phyllis’ transfership, but she will vow payback!

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Nikki Newman Frets

Over with Nikki Newman (Melody Thomas Scott), she will worry. The blonde doesn’t know how much more of Victor’s antics she can take. Plus, Nikki knows that she usually can’t stop Victor once he has a scheme in mind.

In the meantime, Nikki will turn to Jack Abbott (Peter Bergman). The man does try to reassure and comfort Nikki. However, when Diane Jenkins Abbott (Susan Walters) sees Nikki in Jack’s arms, she is furious! It’s just a hug between longtime friends, but Diane won’t see it that way.

While Diane has been reformed for a long time now, she can still play dirty.

Which storyline are you looking forward to seeing the most on Thursday, February 12, 2026?

Share your thoughts in the comment section below. Remember to keep watching the soap on CBS or Paramount+ to find out what happens next.