Intuit Soars 8% on Strong Q3 and Upgraded Full-Year Outlook

Intuit (NASDAQ:INTU) surged more than 8% intra-day today after delivering Q3 results that beat expectations and raising both its full-year and current-quarter guidance, driven by robust demand for TurboTax and QuickBooks during tax season.

For the quarter, Intuit reported adjusted earnings per share of $11.65 on revenue of $7.75 billion, surpassing analyst expectations of $10.91 and $7.56 billion, respectively.

Looking ahead, the company provided bullish guidance for fiscal Q4, forecasting non-GAAP EPS between $2.63 and $2.68 and revenue between $3.723 billion and $3.760 billion. Both ranges came in above consensus estimates of $2.60 EPS and $3.53 billion in revenue.

For the full fiscal year, Intuit now expects non-GAAP EPS of $20.07 to $20.12, reflecting 18% to 19% year-over-year growth—up from prior guidance of 13% to 14%. Full-year revenue is now projected at $18.723 billion to $18.760 billion, or 15% growth, compared to the previous outlook of 12% to 13%.