Intuit issued $1.75 billion in senior notes, targeting general corporate purposes including refinancing existing debt.
Intuit Inc. raised $1.74 billion through the issuance of $1.75 billion in senior notes, split into $750 million due 2031 and $1 billion due 2036. The company plans to use proceeds for general corporate needs, potentially refinancing $750 million in 2026 notes and $500 million in 2027 notes.
The offering follows a 10% revenue increase to $8.6 billion in Q3 fiscal 2026, with full-year revenue guidance of $21.341 billion to $21.374 billion. Analysts recently adjusted price targets, with Goldman Sachs cutting its outlook to $276 from $519, citing concerns over long-term growth estimates.
Intuit’s median price target stands at $446.50, reflecting a 58.46% upside from its current price of $281.77, based on 34 analyst ratings.