INTU

Intuit's stock experienced significant volatility and a notable decline of approximately 52% year-to-date in 2026, largely due to fears of AI disruption and reduced long-term growth targets. In May 2026, despite strong Q3 Fiscal 2026 earnings, the stock declined by 3.95% after hours due to a 17% workforce reduction and a mixed outlook. In August 2026, Q4 Fiscal 2026 earnings beat estimates, but the stock fell as the company provided decelerated fiscal 2027 revenue growth guidance of 9-10%, a strategic shift to prioritize customer acquisition over maximizing revenue per tax customer, acknowledging losses to lower-cost competitors. This led to downgrades from major financial institutions and a further 12% stock drop. On September 17, 2026, Intuit reaffirmed its fiscal 2027 guidance and unveiled an AI-native financial platform strategy at its Investor Day, but the market remained skeptical.