Intuit Beats Q2 Forecasts, Shares Slip on Cautious Tax-Season Outlook

Overview

• Intuit reported adjusted Q2 EPS of $4.15 versus $3.68 expected and revenue of $4.65 billion, up 17% year over year and ahead of consensus.
• For Q3, the company guided to adjusted EPS of $12.45–$12.51 and about 10% revenue growth (roughly $4.36 billion), both below Wall Street estimates.
• Shares fell about 4% in premarket trading Friday, extending an approximate 40% decline for the year to date.
• Intuit announced a partnership with Anthropic following a prior OpenAI tie-up to bring custom AI agents to its platform, as CEO Sasan Goodarzi framed AI firms as collaborators that avoid tax-filing liability.
• The company kept its FY26 outlook unchanged at adjusted EPS of $22.98–$23.18 and revenue of $21.0–$21.2 billion, raised its quarterly dividend to $1.20 per share payable April 17, 2026, and drew largely positive analyst commentary including a Jefferies Buy and a Wolfe Research target cut to $550 with an Outperform rating.