Intuit Inc (NASDAQ:INTU) reported financial results for the second quarter of fiscal 2026 after the market close on Thursday. Here's a look at the key details from the print.



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<li>Intuit stock is taking a hit today. Why is INTU stock falling?</li>
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<h2>Intuit Tops Analyst Estimates In Q2</h2>



Intuit reported second-quarter revenue of $4.65 billion, beating analyst estimates of $4.53 billion. The parent company of QuickBooks, Credit Karma and TurboTax posted second-quarter adjusted earnings of $4.15 per share, beating analyst estimates of $3.66 per share, according to Benzinga Pro.



Total revenue was up 17% on a year-over-year basis. Here's a breakdown of revenue by segment.



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<li>Global Business Solutions: $3.2 billion, up 18%</li>



<li>Consumer: $1.5 billion, up 15%</li>



<li>Total Online Ecosystem: $2.5 billion, up 21%</li>
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Intuit ended the quarter with $2.94 billion in total cash and investments and $6.1 billion of debt.



“We are defining a new category at the intersection of AI and human intelligence, one that delivers autonomous, done-for-you experiences, disrupts the traditional assisted tax segment, and provides mid-market enterprises with the AI-native ERP platform they need to win. We’re accelerating execution and innovation to deliver even greater impact for our customers,” said Sasan Goodarzi, CEO of Intuit.



Intuit expects fiscal third-quarter revenue of approximately $8.53 billion versus estimates of $8.52 billion. The company sees third-quarter adjusted earnings in the range of $12.45 to $12.51 per share versus estimates of $12.96 per share. The stock appears to be moving lower on the soft earnings guidance. 



<h2>Intuit Stock Slides After Hours</h2>



INTU Price Action: Intuit shares were down 5.96% in after-hours, trading at $370.90 at the time of publication on Thursday, according to Benzinga Pro.



Image: Shutterstock.com

IDGT

Intuit Inc (NASDAQ:INTU) reported Q2 fiscal 2026 earnings, with revenue of $4.65 billion, surpassing estimates of $4.53 billion. Adjusted earnings were $4.15 per share, exceeding the $3.66 estimate. Despite strong performance, Intuit's stock fell 5.96% in after-hours trading to $370.90, attributed to soft Q3 guidance. The company anticipates Q3 revenue of approximately $8.53 billion, slightly above estimates, but adjusted earnings are expected to be lower than analyst predictions.

- Intuit Inc reported second-quarter revenue of $4.65 billion, surpassing analyst estimates of $4.53 billion.  
- The company's adjusted earnings reached $4.15 per share, also exceeding forecasts, although its third-quarter guidance disappointed investors, contributing to a 5.96% drop in stock price after hours.  
- Intuit ended the quarter with $2.94 billion in cash and investments, along with $6.1 billion in debt, and expects third-quarter revenue of approximately $8.53 billion.

Intuit Stock Slides On Q2 Earnings: What You Need To Know