Intuit Inc. · INTU · FY2026 Q4 · Calendar Q3 2026

Intuit enters FY2027 with AI momentum but slower customer acquisition

The supplied analysis supports a mixed view: Intuit has durable growth engines in assisted tax, money, mid-market services and AI-enabled products, but the evidence is tempered by slower new-customer acquisition and FY2027 revenue growth guidance of 9–10%.

Why did INTU fall 3.2% after beating EPS estimates in FY2026 Q4?

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Reported After market closeNASDAQTechnology $82.93B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $4.03 Consensus $3.58
EPS surprise +12.6% Reported versus consensus
Reported revenue $4.35B Consensus $4.27B
Revenue surprise +2.0% Reported versus consensus

Market reaction

event-close to next-session close
Stock move -3.2% Event window
SPY move +0.0% Same window
Abnormal move -3.3% Stock minus SPY
Volume 3.0× Versus trailing sessions
Subsequent drift -12.3% Up to 20 sessions
INTUSPY benchmark

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Why did INTU fall 3.2% after beating EPS estimates in FY2026 Q4?What changed in INTU's guidance and outlook in FY2026 Q4?Give me the bull and bear case for INTU after FY2026 Q4 earnings.

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Transcript intelligence

What changed

FY2026 closed with 14% revenue growth and 20% EPS growth, while new-customer acquisition slowed to 3% year over year. Management shifted emphasis toward QuickBooks Free/Lite and AI-native experiences, maintained FY2027 guidance for 9–10% revenue growth with margin expansion, and said Mailchimp will become a separate reportable segment.

Guidance delta

FY2027 revenue growth guidance is 9–10%, with margin expansion and continued capital returns; guidance sentiment was maintained.

Key takeaways

  • FY2026 revenue grew 14% and EPS grew 20%, according to the supplied analysis.
  • Management is using QuickBooks Free and Lite plus AI-native experiences to accelerate customer acquisition.
  • Intuit Intelligence was cited as improving customer and workflow efficiency.
  • Big Bets—assisted tax, money and mid-market—represent 30% of revenue.
  • Mailchimp will become a separate reportable segment starting in FY2027.

Management priorities

  • Accelerate new-customer acquisition through QuickBooks Free and Lite.
  • Expand AI-native experiences across tax, accounting and business services.
  • Increase adoption of the Intuit Business Credit Card within QuickBooks.
  • Deepen mid-market penetration through Intuit Enterprise Suite and industry editions.
  • Continue share repurchases, dividend growth and disciplined capital allocation.

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Earnings History

Estimate Beat Miss Match
INTU EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 4 future estimate-only quarters. Q1 '24 estimate $1.98 Q1 '24 actual $2.47, beat Q2 '24 estimate $2.30 Q2 '24 actual $2.63, beat Q3 '24 estimate $9.37 Q3 '24 actual $9.88, beat Q4 '24 estimate $1.85 Q4 '24 actual $1.99, beat Q4 '25 estimate $2.66 Q4 '25 actual $2.75, beat Q1 '26 estimate $3.09 Q1 '26 actual $3.34, beat Q2 '26 estimate $3.68 Q2 '26 actual $4.15, beat Q3 '26 estimate $12.57 Q3 '26 actual $12.80, beat Q4 '26 estimate $3.58 Q4 '26 actual $4.03, beat Q1 '27 estimate $2.46 Q2 '27 estimate $3.78 Q3 '27 estimate $13.26 Q4 '27 estimate $4.18
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Analyst Consensus ?

ConsensusHold44 ratings
Bullish2659.1%
Neutral1329.5%
Bearish511.4%

Analyst 52W Price Targets

$341.97Current
$276Low
$512.94Average
$880High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 6, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
RBC Capital Outperform OutperformMaintainOct 2, 2026
Truist Securities Hold HoldMaintainSep 18, 2026
TD Cowen Hold HoldMaintainSep 18, 2026
Stifel Hold HoldMaintainSep 18, 2026
Mizuho Outperform OutperformMaintainSep 18, 2026
Show 39 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $341.97. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
RBC CapitalAnalyst unavailable$385$307.56 +12.6%Sep 18, 2026
UBSAnalyst unavailable$370$347.66 +8.2%Aug 27, 2026
Goldman SachsAnalyst unavailable$304$345.88 -11.1%Aug 26, 2026
KeyBancAnalyst unavailable$400$347.77 +17.0%Aug 26, 2026
Truist FinancialArvind Ramnani$300$348.85 -12.3%Aug 26, 2026
See 115 more

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Company context

Snapshot as of publication

Intuit Inc. provides financial management, payments and capital, compliance, and marketing products and services in the United States. The company operates in four segments: Global Business Solutions, Consumer, Credit Karma, and ProTax. The Global Business Solutions segment provides QuickBooks services, which include financial and business management online services, desktop software, payroll solutions, time tracking, merchant payment processing and bill pay solutions, checking accounts, and financing services for small and mid-market businesses; and Mailchimp, a marketing automation and customer relationship management.…

Historical context

All INTU earnings
-20.0%FY2026 Q3 · Calendar Q2 2026+3.7%FY2026 Q2 · Calendar Q1 2026+4.0%FY2026 Q1 · Calendar Q4 2025

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ARW Arrow Electronics, Inc. FY2026 Q3 · Calendar Q4 2026 +22.9% -12.6% Arrow’s record Q3 reflects broad demand, with inventory and mix risks to watch
EPAM EPAM Systems, Inc. FY2026 Q3 · Calendar Q4 2026 +2.9% +20.6% EPAM Raises AI-Native Revenue Target After Q3 Beat; North America Still Flat
IREN IREN Limited FY2027 Q1 · Calendar Q4 2026 +14.4% -17.0% IREN pairs rapid AI cloud growth with a lower FY2027 CapEx plan
MTSI MACOM Technology Solutions Holdings, Inc. FY2026 Q4 · Calendar Q4 2026 +4.5% -18.4% MACOM enters FY2027 with strong data-center demand and a capacity buildout

Latest beats and misses

Who reports next

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Missed on EPS

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Sources

  1. Earnings call transcript and parsed analysis · 2026-08-26T15:22:27.089356+00:00
  2. FN2 earnings calendar · 2026-09-21T01:23:13.071796+00:00
  3. Polygon adjusted daily market bars · 2026-09-21T08:20:47.033683+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-21T08:20:47.030641+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-09-21. For educational purposes only; not investment advice.