Why Intuit Stock Plummeted This Week

Why Intuit Stock Plummeted This Week Keith Noonan, The Motley Fool Sun, May 24, 2026 at 12:50 PM GMT+2 3 min read INTU ^GSPC NVDA ^IXIC INTC Intuit (NASDAQ: INTU) stock plummeted this week following the company's latest quarterly report. Its share price fell 18. 6% in a stretch that saw the S&P 500 rise roughly 0.

9% and the Nasdaq Composite gain roughly 0. 5%. After the market closed on May 20, Intuit published results for the third quarter of its current fiscal year -- which ended April 30.

While sales and earnings for the period beat the average Wall Street analyst estimates, investors saw warning signs in the report. Will AI create the world's first trillionaire?  Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need.

  Continue » Image source: Getty Images. Intuit stock sank despite fiscal Q3 beats In fiscal Q3, Intuit recorded non-GAAP (adjusted) earnings per share of $12. 80 on sales of $8.

56 billion. The company's adjusted earnings per share for the period beat the average analyst forecast by $0. 23, and sales came in $20 million higher than the average target.

Consumer revenue was up 8% year over year to hit $5. 3 billion, TurboTax sales were up 7% to $4. 4 billion, and Credit Karma revenue was up 15% to 631 million.

With ProTax revenue coming in flat at $278 million for the quarter, Intuit saw overall revenue increase 10. 5% year over year in the period . Despite raising its sales and earnings forecasts, Intuit stock still got hit with a big post-earnings pullback .

What's next for Intuit? With its fiscal Q3 report, Intuit said that it now expects adjusted earnings to come in between $23. 80 per share and $23.

85 per share. Previously, the company had guided for adjusted per-share earnings between $22. 98 and $23.

18. The company also increased its full-year sales target to between $21. 34 billion and $21.

37 billion -- up from previous guidance for sales between $20. 997 billion and $21. 186 billion.

While some investors were expecting even stronger fiscal Q3 performance and forward guidance, the post-earnings sell-off could be a worthwhile buying opportunity. Should you buy stock in Intuit right now? Before you buy stock in Intuit, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the  10 best stocks for investors to buy now… and Intuit wasn’t one of them.

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The Motley Fool has positions in and recommends Intuit. The Motley Fool has a disclosure policy .