Intuit IncNasdaq: INTU

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On May 20, 2026, Intuit posted fiscal Q3 revenue of $8.56B (up 10.4% YoY) and raised FY2026 guidance to $21.34B-$21.37B in revenue and $23.80-$23.85 adjusted EPS. TurboTax revenue grew 7% to $4.4B. The board also approved a $1.20 per-share cash dividend payable in July. The bigger story: CEO Sasan Goodarzi announced layoffs of 17% of full-time staff (over 3,000 of 18,200 employees), triggering $300M-$340M in charges this quarter, to flatten management layers and refocus on AI. Intuit also signed multi-year deals with Anthropic and OpenAI to embed their models. Despite the beat and raise, shares fell ~11% after-hours and are down >40% YTD.

Intuit (INTU) Q3 earnings report 2026: Company cutting 17% of staffcnbc.comIntuit to lay off over 3,000 employees to refocus on AItechcrunch.comIntuit stock slides following Q3 earnings beat, guidance boost, and workforce cutsseekingalpha.com

Intuit shares climbed 3.66% on May 19, 2026 ahead of its Q3 FY2026 earnings release scheduled for after market close on May 20, 2026. Consensus estimates project revenue of $8.54B and EPS of $12.57. Early-May product announcements bolstered investor confidence, including major AI-powered enhancements to the Intuit Enterprise Suite and the launch of QuickBooks Workforce, a new agentic-AI-powered HCM platform integrating payroll, time tracking, benefits, hiring, and performance for small and mid-market businesses. The stock received a Zacks Rank #2 (Buy) upgrade on May 18, 2026. Despite a 41.4% decline over the past six months, analyst consensus is Strong Buy with a $799.32 average 12-month target, implying ~47% upside. Marianna Tessel steps down as EVP/GM Small Business Group effective May 31, with Ashley Still expanding her role.

Intuit to Announce Third-Quarter Fiscal Year 2026 Results on May 20investors.intuit.comIntuit Inc Stock (INTU) Opened Up by 3.66% on May 19tradingkey.comIntuit Unlocks New Phase of Growth for Mid-Market Businessesinvestors.intuit.com

Intuit stock rose 3.5%-4.35% on May 15 as traders positioned ahead of its third-quarter fiscal 2026 earnings release scheduled for May 20, 2026, with analysts expecting EPS of $12.48. The rebound also reflects renewed optimism around recently announced AI initiatives, including a multi-year strategic partnership with OpenAI and a separate Anthropic collaboration to embed customizable agentic AI across QuickBooks and Intuit Enterprise Suite. The company unveiled QuickBooks Workforce, an end-to-end agentic-AI human-capital-management solution, and rolled out Spring 2026 enhancements to the Intuit Enterprise Suite. The bear case is that INTU is still down ~40% YTD on AI-disruption concerns for tax/SMB software, and TD Cowen on May 11 cut its price target from $633 to $576. The Street consensus remains Strong Buy with a $799.32 target.

Intuit to Announce Third-Quarter Fiscal Year 2026 Results on May 20investors.intuit.comIntuit rises as traders position ahead of earnings and refocus on AI-driven product updatesquiverquant.comIntuit Stock Jumps as AI Bets Ignite Optimismtipranks.com

Intuit will report fiscal Q3 2026 results on May 20, 2026 after market close, with analysts expecting EPS of $12.57 and revenue of $8.54 billion. Shares rose 4.35% on May 15 and 3.24% on May 14 as traders positioned ahead of earnings, also boosted by the launch of QuickBooks Workforce (an HCM solution automating payroll, time tracking, benefits, recruiting, and hiring on a single platform) and Intuit Enterprise Suite enhancements with AI-powered insights for mid-market businesses. The company also announced a multi-year AI partnership with Anthropic for customizable AI agents. Bear case: TD Cowen cut its price target from $633 to $576 on May 11, sending shares down 4.35% on May 13; a class action lawsuit filed May 8 alleges TurboTax Refund Advance loans carry excessive APRs, and IRS Direct File program expansion threatens the high-margin TurboTax franchise.

Intuit to Announce Third-Quarter Fiscal Year 2026 Results on May 20investors.intuit.comIntuit Unveils QuickBooks Workforce, Radically Transforming Human Capital Managementinvestors.intuit.comIntuit Q3 2026 Earnings Preview May 20, Street Expects $12.57 EPSnews.alphastreet.com

On May 13, 2026, Intuit announced enhancements to its Intuit Enterprise Suite, integrating AI-powered real-time financial management, multi-entity close automation, dimensional reporting, construction-specific features, and HCM via QuickBooks Workforce. The stock fell 4.35% on May 13 after TD Cowen lowered its price target to $576 from $633 amid AI disruption concerns; shares rebounded 3.24% on May 14. Intuit will report fiscal Q3 2026 results on May 20 after market close. A class action lawsuit filed May 8 alleges TurboTax's Refund Advance loans charge service members rates above legal caps, adding regulatory risk. Average analyst rating remains Buy.

Intuit Unlocks New Phase of Growth for Mid-Market Businessesinvestors.intuit.comIntuit fiscal Q3 2026 results due May 20stocktitan.netIntuit Inc Stock (INTU) Moved Down by 4.35% on May 13tradingkey.com

Intuit stock dropped 4.35% on May 13, 2026, closing at $371.71, as AI disruption concerns pressured the software stock heading into its fiscal Q3 2026 earnings on May 20. TD Cowen lowered its price target from $633 to $576 on May 11 while maintaining a Buy rating. The decline follows a strong Q2 report (revenue $4.65B, +17.4% YoY; EPS $4.15 vs. $3.68 consensus) and product launches including QuickBooks Workforce HCM and AI-powered Intuit Enterprise Suite upgrades. A class action lawsuit filed May 8 alleges TurboTax Refund Advance loans harm U.S. service members with APRs above legal caps. Bear case: AI agents like ChatGPT and emerging fintechs threaten to disintermediate TurboTax and QuickBooks. Consensus 12-month target remains $698.67 per 21 analysts.

Intuit Inc Stock (INTU) Moved Down by 4.35% on May 13tradingkey.comIntuit to Announce Q3 Fiscal Year 2026 Results on May 20investors.intuit.comIntuit Unveils QuickBooks Workforceinvestors.intuit.com

Intuit is scheduled to release Q3 FY2026 earnings after market close on May 20, with analyst estimates of $12.48 EPS and $8.54B revenue - a key print covering peak tax season. Recent corporate moves include FedNow service certification for instant payments, a partnership with Anthropic to embed custom AI agents into financial products, and the launch of QuickBooks Workforce HR platform. Stock is down ~4% over the past week and down 42% YoY despite analyst Strong Buy consensus and an average 12-month PT of $592 (~51% upside). Risk: SaaS valuation compression and consumer pushback on tax-prep pricing have weighed on multiples even as fundamentals remain solid.

Intuit Q3: The Most Obvious Victim Of The SaaSpocalypse I'm Buyingseekingalpha.comIntuit (INTU) Expected to Announce Earnings on Wednesdaytickerreport.comIntuit stock falls 3.21% as Premier Fund Managers reduces staketradersunion.com

On May 7, 2026, Intuit launched QuickBooks Workforce, an AI-powered end-to-end human capital management platform addressing the fragmentation of HR tools (small/mid-market businesses typically use 7-25 different tools). The launch comes ahead of Intuit's Q3 FY2026 earnings release scheduled for May 20 after market close. Q2 FY26 had beat with EPS $4.15 vs $3.68 consensus and revenue $4.65B vs $4.53B (+17.4% YoY), driving the stock up 4.9% on May 7. TipRanks trimmed PT to $576 from $633 while reaffirming Buy, with 21-analyst Buy consensus as of May 6. Leadership shift: EVP Marianna Tessel will step down from Small Business Group on May 31, with Ashley Still expanding her remit to lead both Mid-Market and Small Business Groups. Stock around $393.70.

Intuit to Announce Third-Quarter Fiscal Year 2026 Results on May 20investors.intuit.comIntuit Unveils QuickBooks Workforce, Radically Transforming Human Capital Managementinvestors.intuit.comIntuit (INTU) Announces Leadership Changes in its Small Business Groupfinance.yahoo.com

On May 6, 2026, Intuit launched QuickBooks Workforce, an AI-driven human capital management platform for SMBs that integrates payroll, benefits, and HR into QuickBooks Online and Enterprise Suite. Shares jumped 4.9% on May 7 to around $396 amid strong investor reception. Intuit will report fiscal Q3 2026 results on May 20 after market close. Leadership shift announced: EVP Marianna Tessel will exit the Small Business Group on May 31, with EVP Ashley Still taking over both the Mid-Market and Small Business segments. Credit Karma's expansion into Americans with no credit history continues to support sentiment. Analyst consensus is Buy (38% Strong Buy, 48% Buy) with a 12-month price prediction of ~$699. Risk: May 20 print must validate AI monetization narrative.

Intuit Unveils QuickBooks Workforce, Radically Transforming Human Capital Managementinvestors.intuit.comIntuit Inc Stock Moved Up by 4.90% on May 7tradingkey.comIntuit (NASDAQ: INTU) shifts Small Business and Mid-Market leadershipstocktitan.net

Intuit reported Q2 fiscal 2026 results on May 7: revenue of $4.65B (+17.4% YoY) beat consensus, and EPS of $4.15 exceeded estimate of $3.68. Stock surged 4.9% on earnings. On May 6, company unveiled QuickBooks Workforce, an AI-driven HCM platform consolidating payroll, HR, recruiting, benefits, and employee management for SMBs. Embedded in QuickBooks Online and Enterprise Suite. Leadership change: Marianna Tessel stepping down as EVP/GM of Small Business Group effective May 31. Company will report Q3 FY26 results on May 20, 2026. 21 analysts rate INTU Buy with 2026 price target of $698.67. Product innovation and revenue growth momentum remain strong drivers.

Intuit Unveils QuickBooks Workforce, Radically Transforming Human Capital Management for Small and Mid-Market Businesses :: Intuit Inc. (INTU)investors.intuit.comQuickBooks Workforce Launch Expands Intuit's (INTU) Push Into AI-Powered Human Capital Managementfinance.yahoo.comIntuit Inc. (INTU) Announces Leadership Changes in its Small Business Groupfinance.yahoo.com

Intuit will announce Q3 FY26 financial results on May 20 after market close, with expectations of $12.48 EPS (7.12% YoY growth). Marianna Tessel stepping down as SVP/GM of Small Business Group effective May 31; Ashley Still expanding role to lead both Mid-Market and Small Business Groups. FedNow Service certification completed April 9, enabling partnership with financial institutions for instant payments. Stock faces 35% share decline over past year despite Strong Buy analyst consensus with $799.32 PT (46.6% upside). TurboTax showing strong AI-integrated growth. Recently trading at $398.32 with 4.34% weekly gain.

Intuit to Announce Third-Quarter Fiscal Year 2026 Results on May 20investors.intuit.comIntuit Inc. (INTU) Announces Leadership Changes in its Small Business Groupfinance.yahoo.comIntuit Inc. (INTU) Latest Stock News & Headlines - Yahoo Financefinance.yahoo.com

Intuit completed FedNow Service Certification on April 9 to accelerate instant payments for SMBs. Multi-year partnership with Anthropic announced to bring custom AI agents to mid-market businesses. Q2 FY2026 EPS of $4.15 beat forecast $3.68 (13% beat) with revenue $4.65B vs $4.53B. Stock up 2.82% on May 4. Q3 2026 results scheduled for May 20. Analysts average rating is Strong Buy with 12-month target of $799.32 (47% upside). Challenges from AI landscape volatility persist.

Intuit and Anthropic Partner for AIinvestors.intuit.comIntuit Inc. (INTU) Stock Price, News, Quote & History - Yahoo Financefinance.yahoo.comINTU Stock Price and Chart - NASDAQ:INTUtradingview.com