Intuit shares plunged 40% in Q2 2026 after quarterly results fell short of expectations, despite $79.62 billion market cap.
Intuit Inc. (NASDAQ:INTU) closed at $291.09 on July 17, 2026, reflecting a 12.93% one-month decline and a 61.88% drop over the past year. The company’s Q3 2026 results disappointed investors, with shares falling nearly 40% during the June quarter.
L1 Capital International Fund noted that while QuickBooks and Credit Karma performed well, TurboTax’s growth lagged expectations. The fund attributed the sell-off to an overreaction, citing solid long-term prospects despite slowing growth in some segments.
Intuit’s market capitalization stands at $79.62 billion, down from previous highs as investors reassess the company’s AI-driven TurboTax Live offering and acquisition challenges.