Dale Coyne Racing (2022–2023) at the
Indianapolis Motor Speedway On December 15, 2021, it was announced that Malukas would drive the No. 18 entry full-time for
Dale Coyne Racing in partnership with
HMD Motorsports during the 2022 IndyCar Series season. At Mid-Ohio, he finished a career-best ninth in his first top-ten of the season. At the next race in Toronto, Malukas made it into the Firestone Fast 6 for a second time that season and qualified a career-best fifth. Malukas took his first podium at
Gateway, nearly passing leader
Josef Newgarden on the last lap and finishing second. In 2023, Malukas' second campaign with Dale Coyne started off with a top-ten finish in the chaotic season opener in
St. Petersburg, then saw him qualify ninth in the
2023 PPG 375 at
Texas Motor Speedway, and finish fourth in a multi-car battle for the win. His promising start went a bit awry, when he managed only two top-twenty results during the next six races in a row Following a last-place finish in the
Sonsio Grand Prix at Road America, David shook off the bad luck by qualifying twelfth and recording a sixth place finish. The next stop at
Toronto would prove to be a let down, being credited with a twentieth place after retiring due to contact. Malukas went on to the double-header at
Iowa and recorded solid twelfth and eighth place finishes. The
Big Machine Music City Grand Prix at Nashville he qualified sixth, but suffered a mechanical failure, and was credited with a last-place finish. After a disappointing qualifying session, at the
Gallagher Grand Prix, in Indianapolis, he moved up seven positions to finish sixteenth. Returning to
Gateway, the site of his breakout performance during the previous season, he came in third. At
Portland, David qualified 24th, then worked his way forward to finish in eighth place. During the season finale in
Laguna Seca, he survived a shunt, which left him stranded in a gravel trap, then returned to finish twentieth.
Arrow McLaren and other activities (2024) On September 8, 2023,
Arrow McLaren announced Malukas had been signed to a multi-year contract as driver of the No. 6 entry, beginning in 2024. However, on the second weekend of February, Malukas tore ligaments and dislocated his left wrist in a
mountain biking accident, and underwent hand surgery Tuesday, February 13. After missing four races, and with an unclear recovery timeline, he was released by the team on April 29, 2024. During his recovery from injury and the period without a race seat, Malukas took part in promotional and social media activities for the IndyCar Series. He covered various events, including the Indianapolis 500, which he stated helped him build more connections within the paddock.
Meyer Shank (2024) at
Mid-Ohio in 2024 On June 7, 2024, it was announced that Malukas would be returning to IndyCar with
Meyer Shank Racing, replacing
Tom Blomqvist. He debuted with the team at
Laguna Seca, during which he spun in early practice due to limited wrist mobility while adapting to a brace.
A. J. Foyt Racing (2025) On August 13, 2024, it was announced that Malukas signed a multi-year deal with
A. J. Foyt Racing for the 2025 season and beyond. He finished second after starting seventh at the
Indianapolis 500. The following week, he qualified second for the
Detroit Grand Prix, and ran amongst the top-five before contact with
Álex Palou resulted in a penalty, dropping him down the finishing order.
Team Penske (2026–) at the
2026 Good Ranchers 250 at
Phoenix Raceway. On September 18, 2025, Malukas was announced to replace
Will Power at
Team Penske for 2026 on a multi-year agreement. He started the
2026 season with a 13th place finish at the
2026 Firestone Grand Prix of St. Petersburg. He scored his first career pole position and podium of the season at the
2026 Good Ranchers 250 at
Phoenix Raceway. ==Personal life==