INTU
FY2026 Q3 · Calendar Q2 2026
Intuit Inc.
Intuit delivered a Q3 FY26 beat — $12.80 EPS vs. $12.57 estimated and $8.56B revenue vs. $8.54B estimated — and raised full-year guidance to 13-14% revenue growth. Yet revenue growth decelerated from 17% in Q2 to 10% this quarter, and the market reacted severely, sending shares down approximately 20% with a subsequent drift of -16%. The quarter marked a strategic pivot: a 17% workforce reduction, Mailchimp rightsizing, and an August launch of an AI-driven Expert platform with consumption-based pricing. TurboTax Live remains the primary growth engine with 36% revenue growth and is projected to exceed 50% of TurboTax franchise revenue, but the DIY tax segment is under pressure and total IRS filings declined roughly 30 basis points. Management's decision to raise guidance contrasts sharply with the market's skepticism about the growth reconfiguration. With the stock at $312.99 versus a…
EPS surprise+1.8%
Market move-20.0%
