INTU stock falls sharply in 2026 despite 17% revenue growth to $4.7 billion and 44% GAAP operating income rise to $855 million.
Intuit’s stock has declined over 40% year-to-date, reaching levels far below its 52-week high of $814. The drop contrasts with strong financial performance, including 17% revenue growth to $4.7 billion in its fiscal second quarter of 2026.
The company reported a 44% increase in GAAP operating income to $855 million and a 25% rise in non-GAAP earnings per share to $4.15. Growth was broad-based, with QuickBooks Online Accounting revenue up 24% and global business solutions revenue rising 18%.
Management reiterated full-year guidance, signaling confidence in continued momentum ahead of next week’s fiscal third-quarter update.