Intuit’s Stock Price is Surging Friday. Here’s Why the TurboTax Maker is Gaining.
Key Takeaways
- Intuit beat profit and sales estimates with its latest quarterly results thanks to demand for its AI products.
- The maker of QuickBooks, TurboTax and MailChimp said its AI platform is helping mid-sized businesses improve efficiency.
Intuit (INTU) shares jumped Friday, one day after the maker of accounting software reported better-than-expected results as its AI tools boost demand from mid-market businesses.
The company behind QuickBooks, TurboTax and MailChimp posted first-quarter fiscal 2026 adjusted earnings of $3.34 per share, 25 cents more than analysts from Visible Alpha were looking for. Revenue grew 18% to $3.89 billion, also topping estimates.
Why This News Matters
Intuit is seeing stronger demand as it…
