Intuit Q2 EPS Beats at $4.15; Revenue Jumps 17%, Q3 Forecast Trails
Intuit delivered adjusted Q2 EPS of $4.15 versus $3.68 expected as revenue rose 17% YoY to $4.7 billion, with operating income up 23% to $1.5 billion. For Q3 fiscal 2026, the company guided to EPS of $12.45–$12.51 and revenue of ~$4.36 billion, below forecasts.
1. Strong Q2 Results
Intuit reported adjusted EPS of $4.15 in fiscal Q2, topping the $3.68 estimate. Revenue increased 17% year over year to $4.7 billion, while adjusted operating income rose 23% to $1.5 billion, driven by strong TurboTax and QuickBooks performance.
2. Expanded AI Initiatives
The company continued to scale its artificial intelligence suite, announcing a partnership to deploy customizable AI agents for mid-market businesses. These tools are designed to enhance automation in accounting, tax preparation and financial planning services.
3. Disappointing Q3 Guidance
For the quarter ending April 30, Intuit forecast adjusted EPS of $12.45–$12.51 and revenue of approximately $4.36 billion, reflecting about 10% growth but falling short of the $12.97 EPS and $4.53 billion revenue analysts anticipated.