Intuit shares have fallen 13.1% since its last earnings report, underperforming the S&P 500. The company reported third-quarter fiscal 2026 non-GAAP earnings per share of $12.80, beating the Zacks Consensus Estimate of $12.48, with revenues of $8.56 billion rising 10.4% year over year. Intuit raised its full-year revenue guidance to a range of $21.341 billion to $21.374 billion and non-GAAP EPS to $23.80 to $23.85, while also announcing a 17% workforce reduction with estimated restructuring charges of $300 million to $340 million. The board approved a new $8 billion share repurchase authorization and a 15% dividend increase to $1.20 per share. Analysts have raised estimates over the past month, and the stock currently carries a Zacks Rank #3, or Hold.
Intuit IncShares fell 13.1% since last earnings despite beating estimates and raising guidance, with a 17% workforce reduction and restructuring charges.