Intuit Stock Drops Despite Strong Earnings as Weak Guidance Disappoints
Intuit shares fell 4.1% despite reporting fiscal Q4 earnings that beat analyst expectations. The financial software giant posted $2.75 per share on $3.83 billion revenue, crediting AI-driven tools like Intuit Assist for driving customer adoption. However, conservative FY2026 guidance of $23 EPS and $21 billion revenue weighed on investor sentiment.
Mailchimp's slowing sales contributed to the cautious outlook, though management characterized this as a temporary transition period. "We're reworking product packaging, which has created some initial friction," the CFO noted, emphasizing these challenges WOULD ease as users adapt. The market's reaction underscores how forward-looking expectations often outweigh historical performance in tech valuations.
