Why Intuit Stock (INTU) Is Sinking Today

Core Insights - Intuit's shares fell by 4.1% despite strong earnings, as conservative forward guidance disappointed investors [1][2] - The company reported fiscal fourth-quarter earnings of $2.75 per share on $3.83 billion in sales, exceeding Wall Street expectations [2] - AI tools like Intuit Assist were credited for driving customer adoption and spending [2] Financial Performance - Intuit's fiscal fourth-quarter earnings were $2.75 per share, with sales reaching $3.83 billion for the period ending July 31 [2] - The company provided guidance for fiscal 2026 earnings of approximately $23 per share and revenue of around $21 billion [3] Guidance and Market Reaction - The conservative guidance style is intended to maintain credibility with investors [3] - Weak guidance was attributed to slowing sales from the Mailchimp product, although the CFO indicated this was a temporary issue [5] - Despite the CFO's reassurances, the weak guidance led to a decline in Intuit's stock price [6] Long-term Outlook - Intuit is positioned for long-term growth, with a strong product moat and significant switching costs for customers [6]