Intuit reports fourth-quarter fiscal 2026 earnings today after the stock’s steep decline from its peak, with Wall Street expecting the tax and accounting software maker to deliver an earnings per share of $3.59 on revenue of $4.27 billion.
The earnings call is scheduled for 4:30 p.m. EDT on August 25, 2026. Intuit stock has been under sustained pressure throughout the year as investors worry that artificial intelligence will displace the company’s core products, particularly TurboTax and QuickBooks. The stock has fallen as much as 47% from its peak in recent months, making it one of the worst-performing names in the S&P 500 during 2026.
Earlier this year, in May 2026, Intuit announced a major restructuring that included cutting 17% of its full-time workforce—affecting over 3,000 employees out of a base of 18,200. The company said the cuts would trigger $300 million to $340 million in restructuring charges, mostly in that quarter. CEO Sasan Goodarzi framed the move as necessary to help the company operate “with greater velocity” and deliver durable long-term growth.
The May restructuring included eliminating redundant roles after integrating TurboTax and Credit Karma, closing offices in Reno, Nevada and Woodland Hills, California, and scaling back the MailChimp marketing platform. Goodarzi noted the company had too many management layers and aimed to bring teams together physically to increase collaboration.
Despite the workforce reduction, Intuit’s underlying business has continued to show growth. In the fiscal third quarter ended April 30, 2026, the company reported adjusted earnings per share of $12.80 on $8.56 billion in revenue, beating analyst expectations of $12.57 per share and $8.61 billion in revenue. However, revenue growth slowed to 10% year-over-year, the slowest rate since 2024, raising concerns about the pace of expansion.
For the fourth quarter, Intuit guided for revenue growth of 11% to 12%. Analysts expect EPS to grow 26% year-over-year to $2.14 in the quarter, according to recent forecasts. The company’s full-year fiscal 2026 guidance, issued in May, calls for revenue of $21.34 billion to $21.37 billion and adjusted earnings per share of $23.80 to $23.85.
The persistent concern among investors is that generative AI tools capable of automating complex financial and tax tasks could eventually reduce demand for Intuit’s software. In April 2026, Intuit stock fell sharply after Anthropic unveiled its Managed Agents service, reigniting fears of AI-driven disruption. Goldman Sachs downgraded the stock in June 2026, slashing its 12-month price target to $276 from $519, citing concerns about long-term pricing power and growth compression from AI.
At the same time, some analysts argue the market has priced in too much pessimism. Despite the stock’s decline, Intuit’s free cash flow generation has remained robust—the company generated $6 billion in free cash flow and maintained EBITDA margins of 55% in recent quarters, according to equity research. The median analyst price target stands at $427, implying significant upside from current levels, though estimates range widely from $250 to $921.
Sources
- CNBC — Intuit’s May 2026 Q3 earnings report, 17% workforce cut announcement, restructuring charges, and CEO statement on organizational changes
- Intuit Investor Relations — Q4 2026 earnings announcement date and conference call details
- AlphaStreet — Q4 2026 analyst consensus estimates of $3.59 EPS and $4.27 billion revenue
- Seeking Alpha — Q4 2026 earnings preview and analyst expectations
- Yahoo Finance — Stock decline percentage and analyst analysis
- Benzinga — Q4 2026 guidance range and analyst ratings
