TurboTax maker Intuit beats Q1 revenue, adjusted EPS expectations, reiterates FY guidance

) Overview Intuit fiscal Q1 revenue grows 18% yr/yr, beating analyst expectations Adjusted EPS for fiscal Q1 beats consensus, growing 34% yr/yr GAAP operating income for fiscal Q1 rises 97% yr/yr Outlook Intuit reiterates full-year fiscal 2026 revenue guidance of $20.997 bln to $21.186 bln Company expects Q2 fiscal 2026 revenue growth of approximately 14% to 15% Intuit projects full-year GAAP EPS of $15.49 to $15.69 Result Drivers AI-DRIVEN STRATEGY - Intuit attributes strong Q1 results to its AI-driven expert platform strategy, enhancing consumer and business services GLOBAL BUSINESS SOLUTIONS GROWTH - Segment revenue grew 18% to $3.0 bln, driven by QuickBooks Online Accounting with higher prices and customer growth CONSUMER SEGMENT GROWTH - Consumer revenue rose 21% to $894 mln, with Credit Karma revenue increasing 27% due to personal loans and credit cards Key Details Metric Beat/Mis Actual Consensu s s Estimate Q1 Beat $3.89 $3.76 Revenue bln bln (22 Analysts ) Q1 Beat $3.34 $3.09 Adjusted (23 EPS Analysts ) Q1 EPS $1.59 Q1 Net $446 mln Income Q1 $534 mln Operatin g Income Q1 $561 mln Pretax Profit Analyst Coverage The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 26 “strong buy” or “buy”, 6 “hold” and 1 “sell” or “strong sell” The average consensus recommendation for the financial technology (fintech) peer group is “buy” Wall Street’s median 12-month price target for Intuit Inc is $822.50, about 20.9% above its November 19 closing price of $650.62 The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 34 three months ago Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)