Intuit (NASDAQ: INTU) Stock Analysis: Q4 Earnings Beat and AI Adoption Offset Slower Growth Outlook

• Intuit reported fiscal fourth-quarter adjusted earnings and revenue above analyst estimates.
• Approximately 75% of Intuit Enterprise Suite customers use the company’s AI agents monthly, demonstrating strong adoption among larger businesses.
• Jefferies maintained its “Buy” rating but lowered its price target from $550 to $500 ahead of Intuit’s earnings report.
• Intuit expects revenue growth to slow to 9%–10% in fiscal 2027, compared with 14% in fiscal 2026.

Intuit (NASDAQ: INTU) is a global financial technology company that develops financial software and services for small businesses, accountants, and individuals. Its primary products include QuickBooks, TurboTax, Credit Karma, and Mailchimp. Intuit competes with other providers of accounting, tax preparation, personal finance, and business management software.

Ahead of Intuit’s fiscal fourth-quarter earnings report, Jefferies maintained its “Buy” rating on the company but lowered its price target from $550 to $500. The firm noted that investor expectations had declined significantly, although consensus forecasts for fiscal 2027 could still be too optimistic. Jefferies also acknowledged concerns about potential disruption from artificial intelligence but suggested that Intuit’s competitive advantages may be stronger than the market currently recognizes. 

Intuit subsequently reported fiscal fourth-quarter adjusted earnings per share of $4.03, exceeding the Zacks Consensus Estimate of $3.59 per share. Adjusted EPS shows how much profit the company generated per share after excluding certain items.

The company reported quarterly revenue of $4.35 billion, approximately 1.9% above the consensus estimate. Revenue increased about 14% year over year. The results marked the fourth consecutive quarter in which Intuit exceeded consensus estimates for both adjusted earnings and revenue.

A notable element of Intuit’s growth strategy is the adoption of its AI-powered tools. According to PYMNTS, approximately 75% of Intuit Enterprise Suite customers use the company’s AI agents every month. These agents can automate financial tasks such as maintaining accounting records, identifying anomalies, forecasting cash flow, and initiating business workflows. This level of adoption provides encouraging evidence that larger customers are actively using Intuit’s AI capabilities. 

Despite the quarterly earnings beat, Intuit expects total revenue to grow by only 9%–10% in fiscal 2027, down from 14% growth in fiscal 2026. The company forecast fiscal 2027 revenue of approximately $23.28 billion to $23.51 billion, below Wall Street expectations. The slower outlook reflects challenges including weakness at Mailchimp, declining desktop-product revenue, and Intuit’s strategy of using lower-priced offerings to attract more TurboTax customers.

At the close on August 25, 2026, Intuit shares traded at $357.46, giving the company a market capitalization of approximately $97.78 billion. Market capitalization represents the total market value of a company’s outstanding shares.