Intuit reaffirms fiscal 2026 guidance at investor day event

MOUNTAIN VIEW - Financial technology company Intuit Inc. (NASDAQ:INTU), currently valued at $184.76 billion and showing signs of being slightly undervalued according to InvestingPro analysis, reaffirmed its financial guidance for the first quarter and full fiscal year 2026 during its Investor Day held Thursday at the company’s headquarters.

The company maintained its full-year revenue forecast of $20.997 billion to $21.186 billion, representing growth of approximately 12% to 13%, building on its impressive last twelve months revenue growth of 15.63%. With an industry-leading gross profit margin of 80.39%, Intuit also reiterated its GAAP operating income projection of $5.782 billion to $5.859 billion and non-GAAP operating income of $8.611 billion to $8.688 billion.

For earnings per share, Intuit expects GAAP diluted EPS of $15.49 to $15.69 and non-GAAP diluted EPS of $22.98 to $23.18 for fiscal 2026.

The company provided segment-specific revenue growth expectations, with Global Business Solutions projected to grow 14% to 15%. Excluding Mailchimp, this segment is expected to grow 15.5% to 16.5%. The Consumer segment, which includes TurboTax, Credit Karma, and ProTax, is forecast to grow 8% to 9%.

For the first quarter ending October 31, Intuit projects revenue growth of 14% to 15%, with GAAP earnings per share between $1.19 and $1.26, and non-GAAP diluted earnings per share between $3.05 and $3.12.

During the Investor Day event, company executives discussed Intuit’s business strategy and platform innovations focused on artificial intelligence. The half-day event featured presentations from CEO Sasan Goodarzi, CFO Sandeep Aujla, and other executive leaders.

Intuit’s product portfolio includes TurboTax, Credit Karma, QuickBooks, and Mailchimp, serving approximately 100 million customers worldwide according to the company’s press release statement.

In other recent news, Intuit reported its fourth-quarter results with a revenue growth of 20% for the quarter and 16% for fiscal year 2025. Despite this strong performance, the company’s first-quarter fiscal 2026 guidance disappointed some investors, leading to a decrease in stock value. Analysts from RBC Capital reiterated their Outperform rating with an $850 price target but noted the guidance as "light." Meanwhile, KeyBanc adjusted its price target for Intuit to $825, citing headwinds from Mailchimp but maintained an Overweight rating due to the company’s revenue and non-GAAP operating income surpassing expectations.

UBS also lowered its price target to $725, maintaining a Neutral rating, as the company’s revenue guidance for the first quarter of fiscal 2026 fell below expectations. Stifel reduced its price target to $800 while keeping a Buy rating, highlighting the solid performance in the fourth quarter, particularly from the Credit Karma segment. Mizuho reiterated its Outperform rating and a price target of $875, viewing the recent share weakness as a buying opportunity. They acknowledged that while Intuit’s guidance fell short, the core business remains strong in key growth areas. These developments reflect a mixed sentiment among analysts regarding Intuit’s future performance.

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