Intuit Inc (NASDAQ:INTU) reported financial results for the second quarter of fiscal 2026 after the market close on Thursday. Here’s a look at the key details from the print.
- Intuit stock is taking a hit today. Why is INTU stock falling?
Intuit Tops Analyst Estimates In Q2
Intuit reported second-quarter revenue of $4.65 billion, beating analyst estimates of $4.53 billion. The parent company of QuickBooks, Credit Karma and TurboTax posted second-quarter adjusted earnings of $4.15 per share, beating analyst estimates of $3.66 per share, according to Benzinga Pro.
Total revenue was up 17% on a year-over-year basis. Here’s a breakdown of revenue by segment.
- Global Business Solutions: $3.2 billion, up 18%
- Consumer: $1.5 billion, up 15%
- Total Online Ecosystem: $2.5 billion, up 21%
Intuit ended the quarter with $2.94 billion in total cash and investments and $6.1 billion of debt.
“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. We’re accelerating execution and innovation to deliver even greater impact for our customers,” said Sasan Goodarzi, CEO of Intuit.
Intuit expects fiscal third-quarter revenue of approximately $8.53 billion versus estimates of $8.52 billion. The company sees third-quarter adjusted earnings in the range of $12.45 to $12.51 per share versus estimates of $12.96 per share. The stock appears to be moving lower on the soft earnings guidance.
Intuit Stock Slides After Hours
INTU Price Action: Intuit shares were down 5.96% in after-hours, trading at $370.90 at the time of publication on Thursday, according to Benzinga Pro.
Image: Shutterstock.com
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