Intuit shares slide 9% after hours as fiscal 2027 revenue outlook misses estimates
AI Market Summary
Intuit reported a strong fiscal Q4 earnings and revenue beat, but its FY2027 revenue outlook came in below consensus, triggering concerns about slowing growth. Weak guidance for TurboTax and Mailchimp, alongside management's plan to prioritize customer acquisition over near-term revenue, drove an after-hours selloff. While AI investments and an OpenAI partnership support longer-term product strategy, the near-term guidance reset weighs on sentiment.
Impact level
● Medium
Affected assets
NCSKINTU2USD/USDT-14.81%
AI Insight · NCSKINTU2USD/USDTAI Insight
▼ Bearish
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Intuit reported fiscal fourth-quarter adjusted EPS of $4.03 and revenue of $4.35 billion, both topping market expectations. The company forecast fiscal 2027 revenue of $23.28 billion to $23.51 billion, below Wall Street’s $23.7 billion estimate. The outlook stoked concerns about slower growth, sending the stock down about 9% in after-hours trading.
