NasdaqGS:INTUSoftware
Intuit (INTU) Is Down 20.6% After AI Pivot, Layoffs And Higher Outlook - Has The Bull Case Changed?
In May 2026, Intuit reported higher third-quarter and year-to-date revenue and earnings, raised its full-year outlook, confirmed a US$1.20 quarterly dividend, and announced a 17% reduction of its full-time workforce that will trigger an estimated US$300 million to US$340 million in restructuring charges.
The company simultaneously completed a multi-year share repurchase program totaling about US$12.57 billion and outlined further AI-focused product enhancements, highlighting an aggressive...