Intuit’s stock tumbled 11.8% in pre-market trading to $315.30 after the company reported mixed results and issued cautious guidance for the coming fiscal years. The financial software giant’s adjusted earnings per share of $4.03 for the fourth quarter exceeded the consensus estimate of $3.58, while revenue of $4.4 billion also topped expectations of $4.27 billion.
The company’s outlook, however, fell short of market expectations. Intuit projected fiscal 2027 revenue growth of just 9–10%, down from the 14% growth forecast for fiscal 2026. Revenue growth for its TurboTax unit was expected to slow to 2–3%, reflecting softer demand. Full-year non-GAAP EPS guidance for fiscal 2027 was set between $22.88 and $23.12, significantly below the consensus of approximately $27.30. For the first quarter of fiscal 2027, the company forecast EPS between $2.44 and $2.48, less than two-thirds of the consensus estimate of $4.02.
Intuit’s customer base growth slowed to 3% year-over-year, a deceleration from prior periods. The company also highlighted weakness in its Mailchimp segment, which contributed to the cautious outlook. The broader market showed little movement, with the S&P 500 essentially flat, the Nasdaq down 0.1%, and the Dow up 0.2%.
Analysts responded to the guidance with mixed reactions. Mizuho maintained an Outperform rating with a $430 price target, framing the outlook as a potential credibility-rebuilding moment ahead of the company’s Investor Day scheduled for September 17. Jefferies, however, lowered its price target from $550 to $500 while retaining a Buy recommendation.
Intuit’s shares have declined sharply from their 52-week high of $705.08, though they remain above the 52-week low of $252.84.
