Intuit (NASDAQ:INTU) Updates FY 2026 Earnings Guidance

Intuit (NASDAQ:INTU) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 23.800-23.850 for the period, compared to the consensus estimate of 22.070. The company issued revenue guidance of $21.3 billion-$21.4 billion, compared to the consensus revenue estimate of $21.2 billion. Intuit also updated its Q4 2026 guidance to 3.560-3.620 EPS.

Wall Street Analysts Forecast Growth

INTU has been the topic of a number of research reports. Erste Group Bank raised shares of Intuit to a “hold” rating in a research note on Monday, April 27th. JPMorgan Chase & Co. decreased their price target on shares of Intuit from $750.00 to $605.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Jefferies Financial Group reissued a “buy” rating on shares of Intuit in a research report on Sunday, April 19th. Barclays restated an “overweight” rating and set a $540.00 price objective on shares of Intuit in a research note on Monday, March 16th. Finally, Susquehanna decreased their target price on Intuit from $819.00 to $720.00 and set a “positive” rating for the company in a research report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $634.26.

Intuit Stock Down 3.9%

INTU traded down $15.78 during trading hours on Wednesday, reaching $383.93. 5,187,810 shares of the stock traded hands, compared to its average volume of 3,617,266. Intuit has a fifty-two week low of $342.11 and a fifty-two week high of $813.70. The company has a market cap of $106.18 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 1.62 and a beta of 1.04. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32. The firm’s fifty day simple moving average is $410.70 and its two-hundred day simple moving average is $516.31.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. The firm had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.53 billion. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The firm’s revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.32 EPS. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, analysts forecast that Intuit will post 17.44 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Thursday, April 9th were issued a $1.20 dividend. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.3%. Intuit’s dividend payout ratio is currently 31.09%.

Insiders Place Their Bets

In other news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total transaction of $146,653.20. Following the completion of the transaction, the director directly owned 13,253 shares in the company, valued at approximately $5,836,621.20. This represents a 2.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.49% of the stock is currently owned by company insiders.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit is using the restructuring to speed up AI integration across products like TurboTax, Credit Karma, and QuickBooks, which could improve long-term efficiency and product capabilities. Reuters: Exclusive: Intuit to cut 17% of global jobs to streamline operations, memo shows
• Positive Sentiment: Analysts were still expecting solid quarterly results heading into the report, with some noting strong revenue and earnings potential despite the stock’s earlier decline. Benzinga: Intuit Likely To Report Higher Q3 Earnings…
• Neutral Sentiment: Intuit is set to report fiscal Q3 results after the close, so investors may be waiting for management to explain whether the job cuts are defensive cost control or part of a broader AI-led transformation. TipRanks: Polymarket Earnings: Will NVDA, INTU, LOW Beat Earnings Tomorrow?
• Negative Sentiment: The announced layoffs are weighing on sentiment because they highlight a major internal restructuring and raise concerns about near-term disruption, execution risk, and whether growth is slowing enough to justify the cuts. Fast Company: Intuit layoffs today: Stock takes a dive…
• Negative Sentiment: INTU has already been under pressure this year, and the latest news adds to investor concern that the company may be struggling to maintain its prior growth momentum. Yahoo Finance: Is It Time To Reassess Intuit (INTU) After This Year’s Sharp Share Price Slide

Institutional Investors Weigh In On Intuit

A number of institutional investors have recently modified their holdings of the stock. Sunbelt Securities Inc. boosted its position in Intuit by 6.1% during the 4th quarter. Sunbelt Securities Inc. now owns 867 shares of the software maker’s stock valued at $574,000 after purchasing an additional 50 shares during the period. Compound Planning Inc. increased its position in Intuit by 22.9% in the fourth quarter. Compound Planning Inc. now owns 4,692 shares of the software maker’s stock worth $3,108,000 after buying an additional 874 shares during the period. Axxcess Wealth Management LLC lifted its stake in Intuit by 26.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 9,065 shares of the software maker’s stock valued at $6,005,000 after buying an additional 1,894 shares during the last quarter. Birchwood Financial Partners Inc. acquired a new position in shares of Intuit during the fourth quarter valued at $33,000. Finally, Corient Private Wealth LLC grew its position in shares of Intuit by 47.8% during the fourth quarter. Corient Private Wealth LLC now owns 200,018 shares of the software maker’s stock worth $132,496,000 after acquiring an additional 64,729 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

About Intuit

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.