Intuit Q2 EPS Jumps 25% to $4.15 on 17% Revenue Growth
Intuit reported Q2 non-GAAP EPS of $4.15, up 25% year over year and exceeding analysts’ forecast of $3.66, while revenue rose 17% to $4.65 billion, topping estimates. The company repurchased $961 million of stock, reaffirmed FY26 revenue growth of 12%-13% and emphasized AI-driven ERP expansion.
1. Q2 Financial Highlights
Intuit delivered non-GAAP EPS of $4.15, a 25% increase year over year, beating analysts’ $3.66 forecast. Revenue rose 17% to $4.65 billion, driven by Global Business Solutions revenue of $3.2 billion (up 18%) and Consumer segment revenue of $1.5 billion (up 15%).
2. AI and Product Innovation
CEO Sasan Goodarzi highlighted the company’s integration of AI with human expertise, noting progress on “done-for-you” financial experiences and development of an AI-native ERP platform for mid-market customers to boost automation and scalability.
3. Capital Allocation and Balance Sheet
As of Jan. 31, Intuit held $3.0 billion in cash and investments against $6.2 billion of debt. During the quarter, the company repurchased $961 million of shares and has $3.5 billion remaining under its current authorization.
4. Forward Guidance
Intuit reaffirmed full-year fiscal 2026 revenue growth target of 12%-13% to roughly $21.0 billion and non-GAAP EPS guidance of $22.98 to $23.18. Q3 revenue is expected to grow about 10% with non-GAAP EPS of $12.45 to $12.51, below analysts’ forecast of $12.91.