Intuit (NASDAQ: INTU) reported stronger-than-expected fiscal second-quarter results, although its guidance for the current quarter fell short of analyst forecasts, pressuring shares lower in premarket trading Friday.
The maker of TurboTax, QuickBooks and Credit Karma posted adjusted earnings per share of $4.15, comfortably above the consensus estimate of $3.68.
Revenue increased 17% year over year to $4.7 billion, exceeding the $4.53 billion consensus forecast. Adjusted operating income rose 23% to $1.5 billion.
In recent months, Intuit has expanded its artificial intelligence initiatives, including announcing a partnership with Anthropic to deploy customizable AI agents for mid-market businesses.
For the third quarter of fiscal 2026, which ends April 30, Intuit projected adjusted earnings per share between $12.45 and $12.51, below the consensus estimate of $12.97.
Revenue for the comparable quarter last year was $3.96 billion. The company expects third-quarter revenue growth of approximately 10%, implying revenue of about $4.36 billion, below analyst expectations of $4.53 billion.
