On September 4, Intuit fell 3.23% in regular trading, trading at $331.37/share, with turnover of $117 million. The decline comes as the company's previously issued FY2027 guidance continues to weigh on sentiment, compounded by broad weakness across the application software sector.

Intuit's fiscal Q4 results beat expectations, with revenue of $4.4 billion and adjusted EPS of $4.03 surpassing estimates. However, its full-year FY2027 guidance fell sharply below consensus — non-GAAP EPS guidance of $22.88 to $23.12 was far below the Street's $27.30 estimate, while revenue guidance of $23.28 billion to $23.51 billion also missed expectations. Management attributed the slowdown to soft Mailchimp sales, ongoing desktop product declines, and lower TurboTax per-customer revenue, signaling a strategic pivot toward customer acquisition via lower-priced and free-tier products. Multiple investment banks have since lowered their price targets, with UBS characterizing the outlook as a reset rather than confirmed stabilization.

The broader application software sector added to the pressure, with Adobe down 7.15%, Circle Internet down 5.57%, BitMine Immersion Technologies down 5.82%, Strategy down 3.39%, and Palantir down 2.93%.

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