Intuit Raises FY Guidance, Shares Fall 10%

Intuit raised FY2026 revenue guidance to $21.34‑$21.37 bn (13‑14% growth) and adjusted EPS to $23.80‑$23.85, topping estimates.
Q3 FY2026 revenue hit $8.56 bn (+10% YoY) and adjusted EPS $12.80, beating forecasts, with operating income up 8% to $4.68 bn.
Shares fell over 10% in after‑hours trading, extending a 42% YTD decline amid AI‑disruption concerns.
Company announced 17% workforce reduction, $300‑$340 m restructuring charge, $1.6 bn share repurchase and $1.20 dividend (15% YoY rise).