🔴 INTU is trading 13.5% down today on a 17% workforce reduction despite beating Q3 earnings estimates

INTU is trading 13.5% down at $332.35 in pre-market, extending a sharp selloff following its fiscal Q3 2026 earnings report.

• The company reported revenue of $8.6B and non-GAAP EPS of $12.80, both exceeding analyst estimates, while raising its full-year guidance.
• Sentiment was weighed down by the announcement of a significant 17% workforce reduction as management pivots toward AI-driven growth.
• Investors remain cautious regarding restructuring risks and the potential impact of the cost-cutting measures on long-term operations.