Intuit's stock dropped 12% following a fiscal 2027 revenue growth forecast of 9-10%, below expectations and signaling AI-driven disruption risks to its TurboTax and QuickBooks businesses. Despite strong Q4 FY2026 results, the market reacted negatively to slower growth guidance, interpreting it as a sign of losing customers to lower-cost alternatives and increased competition from AI. Analysts have downgraded Intuit, citing risks extending beyond tax preparation into small-business accounting, which pressured the broader enterprise software sector. Investors will watch Intuit's upcoming Investor Day for signs of strategic adjustments amid ongoing volatility in software stocks.
Intuit reported a strong fourth quarter with revenue up 14% to $4.35 billion, but its fiscal 2027 revenue guidance fell short of Wall Street estimates, projecting $23.279 billion to $23.512 billion. The company expects slower growth in key products l...
Intuit reported fiscal Q4 earnings and revenue above analyst expectations, with adjusted EPS of $4.03 beating the consensus of $3.59 and revenue rising 14% year-over-year to $4.35 billion. About 75% of its Enterprise Suite customers now use Intuit's ...
Intuit reported strong Q4 results, surpassing analyst expectations in revenue and adjusted EPS, driven by growth in QuickBooks, online services, and Credit Karma. Despite this, shares dropped 10.2% due to a slower growth outlook for fiscal year 2027,...
Intuit reported a fourth-quarter earnings miss mainly caused by a new accounting rule that includes share-based compensation in adjusted earnings, which previously was excluded. This change accounts for most of the apparent profit drop, but the compa...
Intuit reports that 75% of its enterprise customers deploy AI agents monthly through its Intuit Intelligence platform, which automates financial tasks and improves efficiency by reducing manual work by 30%. The company's Global Business Solutions rev...
