Intuit Q2 Revenue Jumps 17% to $4.65B; EPS Beats at $4.15
Intuit’s Q2 FY2026 revenue rose 17% year-over-year to $4.65 billion and non-GAAP EPS jumped 25% to $4.15, surpassing analyst estimates of $4.53 billion and $3.68 respectively. The company reported GAAP operating income up 44% to $855 million and reaffirmed full-year revenue guidance of $20.997-21.186 billion with non-GAAP EPS of $22.98-23.18.
1. Q2 FY2026 Earnings Beat
Intuit reported Q2 FY2026 revenue of $4.65 billion, up 17% year-over-year, with non-GAAP EPS of $4.15, a 25% increase from the prior year. GAAP operating income rose 44% to $855 million, marking a strong beat on both top and bottom lines.
2. Full-Year Guidance Reaffirmed
The company reaffirmed its full-year FY2026 outlook, projecting revenue between $20.997 billion and $21.186 billion and non-GAAP EPS of $22.98 to $23.18, reflecting confidence in sustained growth and consistent execution against its targets.
3. After-Hours Reaction and Dividend
Intuit’s board approved a quarterly dividend of $1.20 per share, payable April 17, 2026. Despite robust results, investors pointed to broad AI disruption concerns in the software sector for the 4% drop in after-hours trading.
4. Analyst Rating and Valuation Context
TD Cowen maintained a Buy rating on Intuit with a price target of $658, describing current AI fears as overdone and highlighting the stock’s attractive risk-reward profile given its strong fundamental performance.