Overview
- Shares rose about 6% Friday after the company topped estimates and highlighted accelerating adoption of its AI tools.
- Fiscal Q1 revenue increased 18% to $3.89 billion and adjusted EPS reached $3.34, both ahead of Wall Street forecasts.
- For Q2, Intuit projected 14%–15% revenue growth, or $4.52 billion to $4.55 billion, and guided EPS to $3.63–$3.68 versus the $3.83 consensus.
- Management said AI agents are cutting workloads and speeding payments, citing its Accounting Agent saving up to 12 hours a month and its Payments Agent getting customers paid about five days faster.
- This week Intuit signed a multi-year OpenAI deal worth more than $100 million, named Bill McDermott and Adena Friedman to its board effective August 2026, set Sasan Goodarzi to become chair in January 2026, and raised the quarterly dividend 15% to $1.20.