Is Intuit Stock Oversold Now, Finally Making It a Buy?

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It has been a brutal agelong for Intuit (NASDAQ: INTU) shareholders. The fiscal exertion level down TurboTax, QuickBooks, Credit Karma, and Mailchimp has seen its banal terms plummet successful 2026, adjacent arsenic the underlying concern continues to turn astatine a double-digit pace. As of this writing, the banal is down much than 40% twelvemonth to date, and adjacent further from its 52-week precocious of astir $814.

Contrasting the stock's drawdown, Intuit's astir caller quarterly results showed beardown double-digit maturation crossed some the apical and bottommost enactment -- and absorption adjacent reiterated its full-year guidance.

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So, is the selling overdone heading into adjacent week's fiscal third-quarter update? Or are investors close to beryllium cautious here?

A illustration showing a banal terms declining and past rising.

Broad-based maturation

When Intuit past reported earnings, successful precocious February, the numbers were strong.

In its fiscal 2nd 4th of 2026 (the play ended Jan. 31, 2026), gross roseate 17% twelvemonth implicit twelvemonth to $4.7 billion. Even better, the company's mostly accepted accounting principles (GAAP) operating income jumped 44% to $855 million, and non-GAAP (adjusted) net per stock climbed 25% to $4.15.

Further, the maturation was broad-based. Revenue successful Intuit's planetary concern solutions segment, which is anchored by QuickBooks, roseate 18% (or 21% erstwhile excluding Mailchimp). And QuickBooks Online Accounting gross unsocial jumped 24% during the quarter. The user segment, which is heavy seasonal arsenic TurboTax dominates the taxation season, saw gross emergence 15%, helped by Credit Karma gross maturation of 23%.

Even more, a meaningful portion of Intuit's maturation communicative close present centers connected artificial quality (AI). CEO Sasan Goodarzi has been positioning the institution astir what helium calls "AI and HI" -- shorthand for combining artificial quality with quality experts.

"AI and HI is foundational to our level and fueling our growth," Goodarzi said successful Intuit's fiscal second-quarter net call. "It is not a broadside task for us," helium added.

Backing this up with numbers, much than 3 cardinal customers leveraged Intuit's virtual AI agents successful fiscal Q2, and QuickBooks Live -- a work that pairs subscribers with quality bookkeeping experts -- grew 50% twelvemonth implicit year.