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# Intuit Inc. (INTU) Q4 FY2026 Earnings Preview

> **[stale-preview-note]** Note: this preview was published before the 2026-05-20 earnings report. Results have since been released — verify against the latest filings.

> This content was automatically generated with FMP live data + Q2 FY2026 earnings call transcript. Generated: 2026-05-03T21:44:25.072Z. Educational tool, not investment advice.

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## Quick Summary

| Field | Value | Source |
|---|---|---|
| Price | $399.02 (▲ 2.71%) | fmp:quote |
| Market Cap | $111.0B | fmp:profile |
| 52w range | $342.11 – $813.70 | fmp:quote |
| Earnings | Wed 20 May | fmp:earnings-history |
| EPS estimate | $12.48 (+7% YoY) | fmp:earnings-estimate |
| Revenue estimate | $8.5B | fmp:earnings-estimate |
| Beat streak | 8/4 | fmp:earnings-history |
| Rating | A- (overall 4/5) | fmp:ratings |
| Analyst median target | $663 (+66.0% upside) | fmp:price-target-consensus |
| MoonshotScore | 54/100 | derived |
| Council | 4/6 bullish | derived |
| Munger verdict | Undervalued | derived |

## Intuit Inc. — Q4 FY2026 Expectations

Q4 consensus: revenue <strong data-source="fmp:earnings-estimate" data-field="estimates.next.revenueAvgLabel">$8.5B</strong><sup class="cite" data-source="fmp:earnings-estimate" data-field="estimates.next.revenueAvg" title="FMP est">[FMP est]</sup>, EPS <strong data-source="fmp:earnings-estimate" data-field="estimates.next.epsAvg">$12.48</strong><sup class="cite" data-source="fmp:earnings-estimate" data-field="estimates.next.epsAvg" title="FMP est">[FMP est]</sup>. 8 consecutive quarters of beat<sup class="cite" data-source="fmp:earnings-history" data-field="earnings.beatStreakCount" title="FMP earnings">[FMP earnings]</sup>.

## Quick Take

**Score:** A- · **Stance:** BUY · **Council:** 4/6 · **Moonshot:** 54

= MoonshotScore <strong>54</strong><sup class="cite" data-source="derived" data-field="moonshot.score" title="9-pillar formula">[9-pillar formula]</sup> + Council <strong>4/6</strong><sup class="cite" data-source="derived" data-field="council.bullishCount" title="6-lens rule">[6-lens rule]</sup>. Form 4: 0 transactions<sup class="cite" data-source="fmp:insider-trading" data-field="insider.txCount" title="FMP Form 4">[FMP Form 4]</sup>.

## Watchlist (6 metrics)

### 1. Turbotax Revenue Growth

While overall IRS returns were down more than 5 points through February 6, we delivered 12% TurboTax revenue growth this quarter.

> "While overall IRS returns were down more than 5 points through February 6, we delivered 12% TurboTax revenue growth this quarter."
> — Sasan Goodarzi, CEO, Investor Focus · Q2 FY2026

### 2. Quickbooks Live Growth

Our AI and HI capabilities are not only automating tasks and workflows, but driving consumption and adoption of services like payroll and powering QuickBooks Live customer growth of over 50% in Q2.

> "Our AI and HI capabilities are not only automating tasks and workflows, but driving consumption and adoption of services like payroll and powering QuickBooks Live customer growth of over 50% in Q2."
> — Sasan Goodarzi, CEO, Investor Focus · Q2 FY2026

### 3. Online Payments Growth

We saw total online payments volume for our payments and bill pay customers grow 29%, reflecting continued momentum in helping our customers get paid faster and better manage their cash flow.

> "We saw total online payments volume for our payments and bill pay customers grow 29%, reflecting continued momentum in helping our customers get paid faster and better manage their cash flow."
> — Sasan Goodarzi, CEO, Investor Focus · Q2 FY2026

### 4. Q2 Revenue Growth

Intuit delivered an outstanding quarter with Q2 revenue growth of 17%, clear evidence our strategy is working.

> "We delivered an outstanding quarter with Q2 revenue growth of 17%, clear evidence our strategy is working with strong execution across our 3 Big Bets."
> — Sasan Goodarzi, CEO, Investor Focus · Q2 FY2026

### 5. Mid Market Growth

In Q2, online ecosystem revenue for QBO Advanced and Intuit Enterprise Suite grew approximately 40%.

> "In Q2, online ecosystem revenue for QBO Advanced and Intuit Enterprise Suite grew approximately 40%."
> — Sasan Goodarzi, CEO, Investor Focus · Q2 FY2026

### 6. Ai Agent Impact

Intuit is seeing momentum with our virtual team of AI agents. Over 3 million customers have leveraged agents to do the work for them with all-time repeat engagement of more than 85%.

> "We are continuing to see momentum with our virtual team of AI agents. Over 3 million customers have leveraged agents to do the work for them with all-time repeat engagement of more than 85%."
> — Sasan Goodarzi, CEO, Investor Focus · Q2 FY2026


## MoonshotScore Pillars

| Pillar | Score | Level | Evidence |
|---|---|---|---|
| Revenue Growth | 0.0 | weak | Q2 vs Q3: growth negative (-40.0%, contraction) |
| Gross Margin | 8.0 | strong | Q2: very high margin (78.9%, software/cloud territory) |
| Operating Leverage | 2.0 | weak | op margin healthy (18.4%) |
| Cash Runway | 10.0 | strong | FCF very strong ($1.5B, 33.1× CapEx) |
| R&D Intensity | 5.0 | medium | high R&D intensity (15.8%, aggressive) |
| Price Momentum | 4.0 | medium | RSI 48.6 balanced, 50d below |
| News Sentiment | 9.0 | strong | strong buy consensus (85%) |

**Formula:** sum(pillar.score) / (count * 10) * 100. Each pillar deterministic from FMP. Source maps in pillar.formula.

## Council (7-Lens)

| Name | Stance | Context |
|---|---|---|
| Ray Dalio | bull | macro · target upside +66.0% |
| Ken Griffin | bear | flow · 50d MA below |
| Jim Simons | neutral | quant · RSI 49 |
| Klarman | bull | value · target upside +66.0% |
| Buffett | bull | quality · ROE score 5/5 |
| Munger | bull | valuation · target upside +66.0% |

**Formula:** Each lens uses deterministic rule on bundle data. Logged in member.contextTr.

## Munger Lens

- **Verdict:** Undervalued
- **Financial Health:** Strong
- **Margin of Safety:** Strong
- **Interest Coverage:** Adequate
- **ROIC vs WACC:** Healthy

**Formula:** verdict=upside>25?Undervalued:>0?Fairly Valued:Overvalued. Each lens deterministic from FMP ratings + priceTarget.

## Technical Levels

- **RSI(14):** 48.6 — dengeli — yön sinyali zayıf
- **50d MA:** $414 — hisse %3.7 altında — kısa vadeli direnç
- **200d MA:** $589 — hisse %32.2 altında — uzun vadeli baskı
- **Volume (10d):** -21%

## Past Performance (4 Quarters)

| Quarter | EPS Actual | EPS Estimate | Result | Reaction |
|---|---|---|---|---|
| Q3 FY25 | $11.65 | $10.93 | BEAT | +8.1% |
| Q4 FY25 | $2.75 | $2.66 | BEAT | -5.0% |
| Q1 FY26 | $3.34 | $3.09 | BEAT | +4.0% |
| Q2 FY26 | $4.15 | $3.68 | +12.8% EPS | +3.7% |

Q2 (February 26, 2026): EPS $4.15 vs $3.68 est<sup class="cite" data-source="fmp:earnings-history" data-field="earnings.history.0" title="FMP">[FMP]</sup>, +12.8% beat. D+1 movement: +3.7%<sup class="cite" data-source="fmp:earnings-history" data-field="earnings.timeline.3.reactionLabel" title="FMP D+1">[FMP D+1]</sup>. Decline despite beat — market reacted to guidance, not numbers.

## 3 Scenarios

### Scenario A · Beat
**Q4 EPS > $12.48 + CapEx discipline**

Threshold: EPS > $12.48<sup class="cite" data-source="fmp:earnings-estimate" data-field="estimates.next.epsAvg">[FMP est]</sup>.

Target: Break above median target $663<sup class="cite" data-source="fmp:price-target-consensus" data-field="priceTarget.median">[FMP target]</sup>; high target $875<sup class="cite" data-source="fmp:price-target-consensus" data-field="priceTarget.high">[FMP]</sup> upper bound.

### Scenario B · In-Line
**EPS ≈ $12.48 + CapEx < $46.0M**

Threshold: EPS ≈ $12.48<sup class="cite" data-source="fmp:earnings-estimate" data-field="estimates.next.epsAvg">[FMP est]</sup>, Q4 CapEx < $46.0M<sup class="cite" data-source="fmp:cashflow" data-field="cashflow.qPrev.capexLabel">[FMP]</sup>.

Target: Consolidation in the band between current $399<sup class="cite" data-source="fmp:quote" data-field="quote.price">[FMP]</sup> and median $663<sup class="cite" data-source="fmp:price-target-consensus" data-field="priceTarget.median">[FMP]</sup>.

### Scenario C · Miss
**EPS < $12.11 or CapEx ≥ $46.0M**

Threshold: EPS < $12.11<sup class="cite" data-source="fmp:earnings-estimate" data-field="estimates.next.epsAvg">[FMP est×0.97]</sup>.

Target: Current $399 below SMA200 $589<sup class="cite" data-source="fmp:technical" data-field="technical.sma200">[FMP]</sup>, if rejection continues, $500<sup class="cite" data-source="derived" data-field="technical.sma200" data-formula="round(sma200*0.85)">[derived]</sup> support activates.

## Risk Notes

### Primary segment below threshold
Q2: EPS $4.15 vs $3.68 beat<sup class="cite" data-source="fmp:earnings-history" data-field="earnings.history.0" title="FMP">[FMP]</sup>, stock +3.7% D+1<sup class="cite" data-source="fmp:earnings-history" data-field="earnings.timeline.3.reactionLabel" title="FMP">[FMP]</sup>.

### Backlog concentration
No RPO/backlog concentration disclosed in Q2 earnings call.

### Insider trading
Form 4 data is marked in the table — this page does not generate assumptions for this stock.

| Executive | Action | Amount | Date |
|---|---|---|---|


**Net:** — (0 transactions · 0 sells · 0 buys) · Q2 FY26

### CapEx shock
Q2 CapEx $46.0M<sup class="cite" data-source="fmp:cashflow" data-field="cashflow.qPrev.capexLabel" title="FMP cashflow">[FMP cashflow]</sup>. Q2 op margin 18.4%<sup class="cite" data-source="fmp:income" data-field="income.quarters.0.operatingMargin" title="FMP op margin">[FMP op margin]</sup> — this level in Q4 is sensitive to CapEx revision risk.

## Wall Street Consensus

- **Median target:** $663 (+66.0% upside vs current $399)
- **High / Low:** $875 / $540
- **Buy / Hold / Sell:** 29 / 5 / 0
- **Analyst count:** 8 (last quarter), 101 all-time

## Additional Transcript Insights

### 1. q2_revenue_growth

**Claim:** Intuit delivered an outstanding quarter with Q2 revenue growth of 17%, clear evidence our strategy is working.

**Evidence (transcript):** "We delivered an outstanding quarter with Q2 revenue growth of 17%, clear evidence our strategy is working with strong execution across our 3 Big Bets."

**Numbers:** 17%

### 2. ai_agent_impact

**Claim:** Intuit is seeing momentum with our virtual team of AI agents. Over 3 million customers have leveraged agents to do the work for them with all-time repeat engagement of more than 85%.

**Evidence (transcript):** "We are continuing to see momentum with our virtual team of AI agents. Over 3 million customers have leveraged agents to do the work for them with all-time repeat engagement of more than 85%."

**Numbers:** 3, 85%

### 3. quickbooks_live_growth

**Claim:** Our AI and HI capabilities are not only automating tasks and workflows, but driving consumption and adoption of services like payroll and powering QuickBooks Live customer growth of over 50% in Q2.

**Evidence (transcript):** "Our AI and HI capabilities are not only automating tasks and workflows, but driving consumption and adoption of services like payroll and powering QuickBooks Live customer growth of over 50% in Q2."

**Numbers:** 50%

### 4. online_payments_growth

**Claim:** We saw total online payments volume for our payments and bill pay customers grow 29%, reflecting continued momentum in helping our customers get paid faster and better manage their cash flow.

**Evidence (transcript):** "We saw total online payments volume for our payments and bill pay customers grow 29%, reflecting continued momentum in helping our customers get paid faster and better manage their cash flow."

**Numbers:** 29%

### 5. mid_market_growth

**Claim:** In Q2, online ecosystem revenue for QBO Advanced and Intuit Enterprise Suite grew approximately 40%.

**Evidence (transcript):** "In Q2, online ecosystem revenue for QBO Advanced and Intuit Enterprise Suite grew approximately 40%."

**Numbers:** 40%

### 6. turbotax_revenue_growth

**Claim:** While overall IRS returns were down more than 5 points through February 6, we delivered 12% TurboTax revenue growth this quarter.

**Evidence (transcript):** "While overall IRS returns were down more than 5 points through February 6, we delivered 12% TurboTax revenue growth this quarter."

**Numbers:** 5, 12%


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*Data source: FMP (live query, 2026-05-03), Q2 FY2026 earnings call transcript (Translated to EN with Gemini 2.0 Flash). Educational tool, not investment advice.*