Intuit Tops Q1 Estimates but Underwhelms with Outlook
Intuit (INTU) reported first-quarter earnings that surpassed analyst expectations, with earnings per share at $3.34 against a consensus estimate of $3.09. Revenue climbed 17.9% year-over-year to $3.89 billion, also beating forecasts of $3.76 billion. Despite the strong performance, the stock remained flat in after-hours trading as the company's guidance for fiscal 2026 failed to excite investors.
Management projected revenue between $20.997 billion and $21.186 billion, slightly below the midpoint of analysts' $21.15 billion estimate. Adjusted EPS guidance of $22.98 to $23.18 similarly fell short of the $23.16 consensus. The unchanged outlook from the previous quarter suggests analysts had anticipated an upward revision, contributing to the muted market reaction.
