Intuit (INTU) is set to report its fiscal fourth-quarter and full-year 2026 results on Aug. 25, after the market closes. The company has faced a tough time on Wall Street this year as software names feel the increasing threat of artificial intelligence (AI) to their operations. In May, Intuit cut approximately 17% of its workforce amid the ongoing debate over whether generative AI tools could disrupt traditional software businesses like its own.
However, CEO Sasan Goodarzi brushed aside the layoffs as having nothing to do with AI. Instead, the CEO said they were enacted to streamline operations and improve execution to create a "builder culture." Goodarzi has also brushed off fears of AI posing a significant threat to Intuit's core business. A $20 Billion Reason Why Intel Stock Is in Focus Dear Intel Stock Fans, Mark Your Calendars for August 12 Ahead of Nebius Earnings, Here's What Barchart Data Says Comes Next for NBIS Stock Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox.
Simultaneously, Intuit revealed Analytics AI this year, a conversational analytics agent in Mailchimp that "eliminates manual reporting and turns real-time customer data into clear, actionable next steps." Mailchimp has also integrated Claude, Wix, and WooCommerce to unify e-commerce data and bring on AI-powered marketing abilities. With all that in mind, let's take a closer look at Intuit before it reports earnings later this month. Intuit is a financial technology company that provides software and services for personal finance, small-business accounting, and tax preparation.
Headquartered in Mountain View, California, the company has a market capitalization of $92 billion. Intuit's flagship products — TurboTax, QuickBooks, Credit Karma, and Mailchimp — help individuals and businesses manage money, file taxes, track expenses, and market their services. INTU stock has taken a beating due to concerns over AI disrupting its core tax and accounting software business.
Over the past 52 weeks, INTU stock has dropped 53%, while shares are down 50% year-to-date (YTD). Shares reached a 52-week low of $252.84 on June 22 but are now up 31% from that level. The selloff has lowered Intuit's valuation compared to peers, with its forward price-to-earnings (P/E) ratio of 15.8 times coming in lower than the industry average.
For the third quarter of fiscal 2026, revenue increased 10% year-over-year (YOY) to $8.56 billion. That figure came in higher than the $8.52 billion that Wall Street analysts had expected. Consumer revenue increased 8% YOY to $5.3 billion, based on growth in TurboTax and Credit Karma revenue.
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