Intuit’s stock is trading lower ahead of its Q4 fiscal 2026 earnings report, scheduled for after the market close — At the time of publication, shares were down 2.65% at $360.11, according to Benzinga Pro data.

YTD Decline and Analyst Outlook

Since its 1993 IPO, the Intuit stock has surged 7,369% over 29.25 years, but in 2026 alone, the stock has dropped 45%,from $785 on July 31, 2025, to $346 as of August 14, 2026, according to TIKR.com. Analysts remain divided, with 19 buy ratings, 5 outperform ratings, 9 hold ratings, and 1 underperform rating from 35 analysts; the average price target is $451, or 31% above the current price.

Despite the drop, Intuit raised its full-year guidance for fiscal 2026 to revenue of $21.34 billion to $21.37 billion and adjusted earnings per share (EPS) of $23.80 to $23.85, both above Wall Street estimates. However, the stock remains down 40% for the year, lagging behind the S&P 500’s 8% gain.

Focus on Credit Karma and AI Integration

Investor focus is on Intuit’s Credit Karma division and the performance of its AI rollout. The company is working to integrate its Intuit Assist AI engine into products like TurboTax and QuickBooks in hopes of offsetting macro-driven pressures on consumer lending and credit offerings. Analysts expect the company to report Q4 earnings of $3.59 per share, up 30.5% year-over-year, and revenue of $4.27 billion, a 11.5% year-over-year increase.

Market attention will also center on Intuit’s full-year fiscal 2027 guidance. Because the fourth quarter typically represents a smaller revenue period following the spring tax season, investors will be closely watching whether the company can maintain high-margin SaaS subscription growth and automated tax workflows.

Workforce Cuts and Broader Tech Sector Trends

Recent news of significant workforce reductions has deepened investor concerns; the company has framed the cuts as part of efficiency measures, but they have added to a broader sense of unease in the tech sector. Companies like ZoomInfo, Cloudflare, Cisco, and Meta have also announced major layoffs in recent weeks.

While Intuit’s guidance update offers some reassurance, investor sentiment remains cautious until the company can demonstrate faster revenue growth. TIKR’s new valuation model estimates the stock’s potential based on inputs like revenue growth, operating margin, and exit P/E multiple, suggesting a long-term target of $592 by 2030.