Intuit beat Q2 earnings estimates but issued soft Q3 guidance
Revenue jumped 17% year-over-year to $4.7 billion in Q2
Shares fell 4% in premarket trading following earnings report
Company maintains full-year guidance despite conservative Q3 outlook
Intuit announces 15% increase in quarterly dividend
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Intuit reported stronger-than-expected Q2 results but issued soft Q3 guidance, causing its shares to drop approximately 4% in premarket trading on Friday, February 27, 2026, despite the stock having closed 3.5% higher ahead of the earnings report. The financial software company, known for TurboTax, QuickBooks, and Credit Karma, delivered adjusted earnings per share of $4.15 for the second quarter of fiscal 2026, comfortably exceeding analyst estimates of $3.68, while revenue jumped 17% year-over-year to $4.7 billion, surpassing the $4.53 billion consensus forecast. The company's adjusted operating income increased by 23% to $1.5 billion, reflecting strong execution across its product portfolio. Chairman and CEO Sasan Goodarzi highlighted the company's focus on developing AI-powered solutions, stating they are 'defining a new category at the intersection of AI and human intelligence' that delivers autonomous experiences and disrupts traditional tax services. Intuit has recently formed several AI partnerships, including a recent deal with Anthropic to bring customizable AI agents to mid-market businesses. Looking ahead, Intuit issued conservative guidance for the third quarter, expecting adjusted EPS of $12.45 to $12.51, below analyst estimates of $12.97, and revenue growth of approximately 10%, implying $4.36 billion compared to the $4.53 billion consensus. Despite the market's negative reaction, some analysts maintained positive ratings, with Wolfe Research's Alex Zukin reiterating an Outperform rating and Jefferies' Brent Thill affirming a Buy rating, emphasizing Intuit's positioning in the AI space and its 'moat' in the industry. For the full fiscal year 2026, Intuit maintained its guidance of adjusted EPS between $22.98 and $23.18, representing growth of 14% to 15%, and revenue in the range of $21 billion to $21.2 billion, implying 12% to 13% growth. The company also announced a quarterly dividend of $1.20 per share, payable April 17, 2026, marking a 15% increase from the same period last year.
Intuit Inc. is an American multinational business software company that specializes in financial software. Headquartered in Mountain View, California, the company is led by CEO Sasan Goodarzi.
TurboTax is a software package for preparation of American and Canadian income tax returns, produced by Intuit. TurboTax is a market leader in its product segment, competing with H&R Block Tax Software and TaxAct. TurboTax was developed by Michael A. Chipman of Chipsoft in 1984 and was sold to Intui...
Accounting software for small and medium-sized businesses developed by Intuit
QuickBooks is an accounting software package developed and marketed by Intuit. First introduced in 1992, QuickBooks is primarily aimed at small and medium-sized businesses. The software offers both on-premises accounting applications and cloud-based versions, which enable users to accept business pa...
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Dorsey’s Block slashes workforce 40% to embrace AI overhaul, shares gain Paramount wins Warner bidding war; Block surges - what’s moving markets Netflix declines to match Paramount Skydance bid for Warner Bros Gold prices steady near $5,200/oz; strong Feb gains on tap (South Africa Philippines Nigeria) Intuit earnings top estimates, shares dip on soft FQ3 outlook By Vahid Karaahmetovic Author Vahid Karaahmetovic Earnings Published 02/26/2026, 04:04 PM Updated 02/27/2026, 04:53 AM Intuit earnings top estimates, shares dip on soft FQ3 outlook 0 INTU 3.46% Investing.com -- Intuit (NASDAQ: INTU ) reported stronger-than-expected FQ2 results, though its outlook for the current quarter trailed analyst estimates. Intuit shares fell around 4% in premarket trading Friday as soft FQ3 guidance weighed on sentiment, though the stock had closed 3.5% higher ahead of the earnings report. The stock has fallen nearly 40% this year, with most of the decline driven by a broader software-sector selloff tied to AI disruption fears. Upgrade to InvestingPro for in-depth corporate earnings insight The company, which offers software products such as TurboTax and QuickBooks, as well as the personal finance platform Credit Karma, reported adjusted earnings per share of $4.15 for the quarter, comfortably above the average analyst estimate of $3.68. Revenue during the period jumped 17% year over year to $4.7 billion, also topping the $4.53 billion consensus forecast. Adjusted operating income increased 23% to $1.5 billion. "We delivered an outstanding second quarter, driven by disciplined execution,” said Sasan Goodarzi, chairman and CEO of Intuit. “We are defining a new category at the intersection of AI and human intelligence, one that delivers autonomous, done-for-you experiences, disrupts the traditional assisted tax segment, and provides mid-market enterprises with the AI-native ERP platform they need to win,” he added. Intuit has st...
