Intuit Stock Falls as Fiscal 2027 Forecast Signals Growth Slowdown
Intuit said revenue will rise 9% to 10% in fiscal 2027, below analyst estimates, after shares fell about 13% in extended trading.
- Intuit forecast fiscal 2027 revenue of $23.28B to $23.51B, representing 9% to 10% growth and marking a clear deceleration from the $21.4 billion reported in fiscal 2026.
- The company prioritizes customer acquisition and scaling AI-focused products, a strategy that may pressure average revenue per customer in the short term while seeking a larger customer base.
- Global Business Solutions is expected to generate $13.07B to $13.16B in fiscal 2027, while TurboTax revenue growth is projected at 2% to 3%, reflecting the company's shift toward market-share gains.
- Following the announcement, Intuit shares fell about 13% in extended trading, while the company changed how it reports stock-based compensation in Non-GAAP financial measures starting Aug. 1.
- Intuit has $7.9 billion remaining under authorization for share repurchases, and the board approved a quarterly dividend of $1.38 per share, scheduled to be paid Oct. 16, 2026.
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Why Intuit Stock Dropped Today
Key PointsIntuit crushed earnings last night.Then it issued guidance for next year, and investors sold the stock.Intuit stock sells for under a 1.0 PEG ratio, and looks cheap.10 stocks we like better than Intuit › Intuit (NASDAQ: INTU) stock fell 4% through 10:50 a.m. ET Wednesday despite reporting strong Q4 and full-year fiscal 2026 earnings last night. Analysts expected Intuit to earn $3.59 per share for fiscal Q4 on sales under $4.3 billion. …
Intuit (NASDAQ:INTU) Updates FY 2027 Earnings Guidance
Intuit (NASDAQ:INTU) updated its FY 2027 earnings guidance. The company provided EPS guidance of 22.880-23.120 for the period, compared to the consensus estimate of 26.040. The company also issued revenue guidance of $23.3 billionillion-$23.5 billionillion, compared to the consensus estimate of $23.7 billionillion.
Intuit stock plunges after weak 2027 revenue outlook: Is it a buy?
Intuit shares fell about 11% in premarket trading on Wednesday after the enterprise software company on Tuesday issued a weaker-than-expected revenue outlook for fiscal 2027, warning that efforts to increase customer growth and market share will weigh on near-term sales. The decline came despite Intuit beating Wall Street expectations for both fourth-quarter revenue and earnings. The company forecast fiscal 2027 revenue of $23.28 billion to $23.…
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