Intuit News - May 20, 2026
🔴 INTU is trading 14% down today after announcing a 17% workforce reduction despite an earnings beat
INTU is trading at $342.00 (14% down) in after-hours trading following its fiscal Q3 2026 earnings release and the announcement of a major restructuring. •...
Intuit's third quarter 2026 revenue of $8.6B beat estimates and the company raised full-year guidance.
Intuit reported third quarter fiscal 2026 revenue of $8.6 billion, up 10% year-over-year, and non-GAAP EPS of $12.80. Both figures exceeded analyst...
🔴 INTU is trading 5% down today after cutting 17% of workforce in AI-focused restructuring
INTU is trading about 5% down today at $379.90 after announcing a large restructuring focused on artificial intelligence. • The company is cutting roughly...
Intuit cuts 3,000 jobs to focus on AI, shares fall 3.9%
Intuit is laying off approximately 3,000 employees. This reduction represents 17% of the company's global workforce. Intuit shares fell 3.9% following the...