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Intuit Inc
As of May 18, 2026 at 24:05 UTC
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About Intuit Inc
Intuit serves small and midsize businesses with accounting software QuickBooks and online marketing platform Mailchimp. The company also operates retail tax filing tool TurboTax, personal finance platform Credit Karma, and a suite of professional tax offerings for accountants. Founded in the mid-1980s, Intuit enjoys a dominant market share for small-to-midsize business accounting and self-serve tax filing in the US.
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Latest News
5 articlesIntuit stock has plummeted 40% year-to-date despite strong fundamentals, with fiscal Q2 showing 17% revenue growth and 44% operating income growth. However, management's guidance for Q3 signals a slowdown to 10% growth, and concerns about AI disruption are weighing on investors. At a 17x P/E multiple, the stock may finally offer a buying opportunity for long-term investors willing to wait for next week's earnings update.
Voice AI startup Vapi announced a $50 million Series B funding round led by Peak XV, bringing total funding to $72 million. The company has reached 1 billion calls and serves enterprise customers including Amazon Ring, New York Life, and Intuit. Vapi's platform enables businesses to deploy AI voice agents for customer service, collections, and other workflows at scale.
Aurora Investment Counsel sold its entire 58,061-share stake in Gorman-Rupp (GRC) during Q1 2026, valued at approximately $3.43 million. The stock has surged 137% over two years due to AI data center demand for cooling systems, but now trades at a P/E ratio of 35x, above both market and historical averages, raising valuation concerns.
Anthropic's Claude CoWork, a new agentic AI suite, threatens traditional SaaS platforms by automating complex workflows across multiple applications. However, Palantir's AIP remains insulated due to its specialized domain expertise, rigorous governance, and mission-critical applications in defense and enterprise operations that require deep customization and compliance—capabilities difficult for general-purpose AI agents to replicate.
Ten large-cap stocks were top performers during the week of March 2-6, 2026, driven by strong earnings, raised guidance, bullish analyst calls, and strategic catalysts. The Trade Desk led with a 26.7% gain following OpenAI advertising discussions and insider buying, while Intuit surged 19.25%, Guidewire jumped 17.99% on better-than-expected results, and LyondellBasell soared 17.65% on analyst upgrades.