Intuit (INTU) Stock Drops 10% After Hours as Weaker Revenue Guidance Spooks Investors

TLDR

• Intuit stock dropped over 10% after hours to $320.88 after the company issued weaker-than-expected fiscal 2027 guidance
• The earnings “miss” on guidance is largely due to an accounting change, as Intuit will now include stock-based compensation in adjusted figures
• Real concern is the revenue outlook: $23.28B to $23.51B for FY2027, implying 9-10% growth, down from 14% last year
• TurboTax units fell 2% in the quarter; Mailchimp is guided flat to slightly down
• CEO Sasan Goodarzi acknowledged AI competition and said the company may lower prices to gain market share

Intuit posted a solid fiscal fourth quarter, with adjusted EPS of $4.03 beating Wall Street’s $3.59 forecast. Revenue came in at $4.35 billion, up 14% year over year, topping the $4.27 billion estimate. Credit Karma grew 16% to $743 million, and the Global Business Solutions Group added 14% to reach $3.4 billion.

INTUIT $INTU Q4’26 EARNINGS HIGHLIGHTS

🔹 Revenue: $4.4B (Est. $4.27B) 🟢; +14% YoY
🔹 Adj. EPS: $4.03 (Est. $3.58) 🟢

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