Intuit (NASDAQ:INTU) Issues Q3 2026 Earnings Guidance

Intuit (NASDAQ:INTU) updated its third quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 12.450-12.510 for the period, compared to the consensus EPS estimate of 12.350. The company issued revenue guidance of $8.5 billion-$8.5 billion, compared to the consensus revenue estimate of $8.5 billion. Intuit also updated its FY 2026 guidance to 22.980-23.180 EPS.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. The Goldman Sachs Group started coverage on Intuit in a research note on Monday, January 12th. They issued a “neutral” rating and a $720.00 price target on the stock. Wall Street Zen upgraded shares of Intuit from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th. Wells Fargo & Company reduced their price target on shares of Intuit from $700.00 to $425.00 and set an “equal weight” rating for the company in a report on Tuesday. Jefferies Financial Group set a $650.00 price target on shares of Intuit in a research note on Sunday. Finally, Independent Research set a $875.00 price objective on shares of Intuit in a research report on Tuesday, November 18th. Twenty-two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $726.18.

Intuit Stock Up 3.5%

NASDAQ INTU traded up $13.19 during trading hours on Thursday, hitting $394.42. The company’s stock had a trading volume of 9,717,382 shares, compared to its average volume of 4,029,164. The company has a market capitalization of $109.76 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 1.47 and a beta of 1.24. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. Intuit has a 52 week low of $349.00 and a 52 week high of $813.70. The company’s 50-day simple moving average is $536.83 and its two-hundred day simple moving average is $621.70.

Insider Buying and Selling

In other Intuit news, CEO Sasan K. Goodarzi sold 41,000 shares of Intuit stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the transaction, the chief executive officer directly owned 13,611 shares of the company’s stock, valued at $8,848,511.10. The trade was a 75.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total transaction of $219,763.35. Following the completion of the sale, the director owned 13,476 shares of the company’s stock, valued at approximately $8,893,486.20. The trade was a 2.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 388,464 shares of company stock worth $255,514,393 in the last ninety days. Corporate insiders own 2.49% of the company’s stock.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Quarterly results beat consensus on revenue and EPS, with management highlighting solid underlying demand and cash flow; the company’s press release/earnings report is available here. Intuit Press Release
• Positive Sentiment: Intuit raised its FY‑2026 EPS guidance well above consensus (EPS range ~22.98–23.18 vs. ~20.81 consensus), signaling stronger full‑year profitability expectations (management also issued updated Q3 guidance that investors view as mixed).
• Positive Sentiment: The board declared a cash dividend, a signal of capital‑return confidence that can support the stock’s valuation. Intuit Board Declares Cash Dividend
• Neutral Sentiment: Partnership with Anthropic (custom AI agents) continues to underpin a longer‑term AI narrative for Intuit’s products (QuickBooks, TurboTax, Credit Karma) and helped calm some investor AI fears. Intuit partners with Anthropic
• Negative Sentiment: Management issued a softer near‑term (Q3) outlook and warned of higher marketing costs during peak tax season, which pressured sentiment despite the quarter’s beat. Intuit Logs Higher Second‑Quarter Profit, Gives Soft Third‑Quarter Outlook
• Negative Sentiment: Mounting analyst caution and a few price‑target cuts/downgrades have added downward pressure on the stock in recent sessions. Susquehanna Lowers Intuit Price Target
• Negative Sentiment: Short interest has risen and insiders/institutional shifts (documented selling activity) have increased market volatility and the potential for short‑term downside. Quiver Quant: INTU Stock Falls on Q2 Earnings

Hedge Funds Weigh In On Intuit

A number of hedge funds and other institutional investors have recently modified their holdings of INTU. Brighton Jones LLC grew its stake in Intuit by 61.3% during the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after acquiring an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in Intuit by 145.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after purchasing an additional 482 shares in the last quarter. United Bank bought a new position in Intuit in the 2nd quarter valued at $734,000. Sivia Capital Partners LLC boosted its holdings in Intuit by 23.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock valued at $698,000 after purchasing an additional 166 shares during the period. Finally, Schnieders Capital Management LLC. grew its position in shares of Intuit by 44.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 537 shares of the software maker’s stock valued at $423,000 after purchasing an additional 164 shares in the last quarter. Hedge funds and other institutional investors 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.