Intuit's stock price has crashed significantly in 2026 despite beating earnings expectations and raising guidance. The article explores whether this represents a buying opportunity or a falling knife to avoid, with investors questioning the valuation and future prospects of the tax prep and marketing software company.

Intuit stock has crashed 63% in ten months from $813 to $300 due to AI disruption fears, despite expected 13.5% revenue growth and strong earnings per share growth. Using Elliott Wave analysis, the author suggests the stock may be near a bottom and expects a bullish reversal, arguing the sell-off is an overreaction given the company's continued double-digit sales growth and reasonable valuation.

Large-cap stocks in software, electric vehicles, data centers, and healthcare faced significant pressure last week due to weak guidance, regulatory concerns, rising bond yields, and competitive risks. Technology and China-linked companies led the declines, with ten major stocks experiencing notable losses ranging from 4.96% to 18.28%.

Intuit stock fell 18.6% following its fiscal Q3 earnings report despite beating Wall Street estimates and raising full-year guidance. The company reported adjusted EPS of $12.80 on $8.56 billion in sales, exceeding analyst expectations, with revenue growth across TurboTax (up 7%), Consumer (up 8%), and Credit Karma (up 15%). Despite the beat-and-raise quarter and increased earnings and sales forecasts, investors sold off the stock, suggesting market expectations may have been even higher.

Intuit reported strong Q3 earnings with 10% YoY revenue growth and raised full-year guidance, but its stock plunged 14% after announcing a 17% workforce reduction. The company is shifting its business model from headcount-driven growth to AI-powered efficiency, with plans to invest savings into AI development and mid-market expansion. This signals a broader SaaS sector transformation where margin expansion and ARPU growth replace traditional growth metrics.

Intuit's stock plunged 20% despite beating earnings expectations and raising full-year guidance, driven by concerns about AI disruption to its TurboTax business and slowing growth. While the stock now trades at attractive valuations (14x earnings), investors face risks from AI competition, decelerating growth, and ongoing restructuring challenges.

U.S. stocks edged lower Thursday as Treasury yields rebounded and crude oil climbed above $100 a barrel amid fading optimism over a U.S.-Iran agreement. Despite Nvidia's blockbuster earnings beat with $81.6B revenue, the Nasdaq 100 fell 0.6%. The S&P 500 declined 0.3% while the Russell 2000 gained slightly. IBM surged 8% on a $1B CHIPS Act award, while Intuit plummeted 20.2% on job cut announcements.

Intuit shares fell 20.38% to a 52-week low after reporting Q3 earnings that beat estimates but revealing weakening tax filing trends, a 17% workforce reduction, and softer guidance. The company expects TurboTax online volumes to decline 2% and total IRS filers to drop 30 basis points, while management acknowledged losing price-sensitive customers. Intuit plans to pivot toward AI-driven expert platforms and authorized an $8 billion share buyback.

U.S. stock futures showed mixed performance on Thursday following Nvidia's strong Q1 earnings and positive Q2 guidance. While the Dow Jones and S&P 500 gained slightly, the Nasdaq fell modestly. Intuit tumbled 13.5% despite beating earnings due to announced workforce cuts, while e.l.f. Beauty surged 9% on better-than-expected results. Nebius Group and Bloom Energy rose after announcing a 10-year partnership for AI infrastructure deployment.

Intuit 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.