Intuit (NASDAQ:INTU) Updates Q3 2026 Earnings Guidance

Intuit (NASDAQ:INTU) issued an update on its third quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 12.450-12.510 for the period, compared to the consensus 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.

Intuit Price Performance

Shares of Intuit stock traded up $13.19 during midday trading on Thursday, hitting $394.42. 9,717,382 shares of the company were exchanged, compared to its average volume of 4,029,164. The firm has a 50 day simple moving average of $536.83 and a 200-day simple moving average of $621.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market cap of $109.76 billion, a P/E ratio of 26.96, a PEG ratio of 1.47 and a beta of 1.24. Intuit has a 52 week low of $349.00 and a 52 week high of $813.70.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on INTU. Daiwa Securities Group increased their target price on Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Wolfe Research lowered their price target on Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Independent Research set a $875.00 price target on shares of Intuit in a research report on Tuesday, November 18th. Truist Financial assumed coverage on shares of Intuit in a report on Tuesday, January 6th. They set a “buy” rating and a $739.00 price objective for the company. Finally, Wells Fargo & Company lowered their target price on shares of Intuit from $700.00 to $425.00 and set an “equal weight” rating for the company in a research note on Tuesday. Twenty-two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Intuit has an average rating of “Moderate Buy” and an average price target of $726.18.

Insider Activity

In other Intuit news, Director Scott D. Cook sold 75,000 shares of the firm’s stock in a transaction on Monday, December 29th. The stock was sold at an average price of $673.43, for a total transaction of $50,507,250.00. Following the completion of the sale, the director owned 5,669,584 shares of the company’s stock, valued at $3,818,067,953.12. This trade represents a 1.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sandeep Aujla sold 1,335 shares of Intuit stock in a transaction on Monday, January 5th. The stock was sold at an average price of $629.46, for a total transaction of $840,329.10. Following the transaction, the chief financial officer directly owned 536 shares of the company’s stock, valued at approximately $337,390.56. This trade represents a 71.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 388,464 shares of company stock valued at $255,514,393 over the last quarter. 2.49% of the stock is currently owned by company insiders.

More Intuit News

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

Institutional Trading of Intuit

A number of institutional investors have recently bought and sold shares of the business. Intesa Sanpaolo Wealth Management acquired a new stake in Intuit in the fourth quarter valued at about $25,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Intuit in the 3rd quarter valued at approximately $33,000. Birchwood Financial Partners Inc. bought a new stake in shares of Intuit during the 4th quarter valued at approximately $33,000. Greenline Wealth Management LLC acquired a new position in Intuit during the 4th quarter worth approximately $45,000. Finally, Rakuten Securities Inc. increased its position in Intuit by 362.5% during the 2nd quarter. Rakuten Securities Inc. now owns 74 shares of the software maker’s stock worth $58,000 after purchasing an additional 58 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Company Profile

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.