Intuit's core TurboTax pricing is collapsing as AI turns tax filing into a commodity. Goldman estimates AI can process a standard return for about $0.12, against TurboTax's blended revenue of roughly $162 per return. Intuit sold confidence, and plain explanations are now free and instant; it said last quarter that it lost on price, then cut 17% of staff. Filing, compliance, audit support and trust still matter, and it has partnered with Anthropic, but the question is what it is worth afterward. … Show more

Intuit is likely to be slightly disrupted by Claude and other AI tools that prepare and file taxes, and is not a great contrarian buy-the-dip opportunity. Cheaper or even free open-source QuickBooks rivals that startups can spin up by vibe coding with Claude add possible disruption from multiple fronts. An accountant replying argues QuickBooks with AI features has pricing power. Disruption is real but has a few winners, such as Reddit and Snap, likely more profitable from AI opex cuts. x.com  … Show more

Intuit's dominant market positions, recurring revenue, high switching costs and exceptional cash generation make it a world-class compounder, and the market's AI fears may be offering it at a discount. x.com 

Intuit will survive AI, but its products are among the most vulnerable to it, and AI should take a massive chunk of its business. It relied heavily on customers staying for convenience, and it has already admitted customer spending is tightening. Revenue growth has slowed to 10%, and the 17% staff layoff looks like an effort to offset lost future business. It may not be a terrible buy here, but it won't return near historic valuations, and better SaaS options exist. x.com 

Intuit's TurboTax is cooked because AI makes doing taxes easier for everyone, eroding its pricing power. Even after the drop to 20x GAAP earnings, the stock holds no appeal. x.com  x.com 

Intuit is a high-quality compounding software business worth owning while sentiment is weak, thanks to ecosystem advantages across TurboTax, Credit Karma, QuickBooks and Mailchimp and AI layered into products with deep customer relationships. It reported strong Q2 FY2026 results and reiterated full-year revenue guidance of $20.997B-$21.186B, about 12-13% growth, with 14-15% non-GAAP EPS growth. x.com 

Intuit is a casualty of AI replacing SaaS, because TurboTax and QuickBooks exist to navigate complexity that AI can now handle in a conversation. When Claude or ChatGPT can do taxes and manage books, the $180 annual subscription loses its reason to exist. The stock is down 50% over the past year and Intuit is laying off 17% of its workforce, following Duolingo, Chegg and Dropbox. x.com 

Intuit is not very compelling at about 14.5x normalized 2027 EPS after stock-based compensation; maybe it deserves 18x, though there is probably little realistic downside from here. x.com 

Intuit looks unusually cheap at 15x forward earnings for a high-quality software compounder. It offers about 15% expected EPS growth, 0.46x net debt to EBITDA and 22% net margins, a combination that rarely trades this low. The open question is whether the market is right to fear AI disruption. x.com 

Intuit's tax-software moat is eroding as AI does taxes cheaply. Perplexity launched an AI tax agent that reads W-2s for a chatbot subscription price, ChatGPT explains 1099s better than TurboTax's $209 Deluxe tier, and an accountant with Claude can do a return in 15 minutes for $50. Intuit's responses, a physical TurboTax store, letting DIY customers leave, usage-based QuickBooks pricing and $1.75B of new bonds, look weak; the stock fell 20% during its earnings call to a five-year low. x.com