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's AI risk is overstated, and at roughly 17x FY27 GAAP EPS the stock doesn't match its results. FY26 revenue rose 14% and GAAP EPS 20%; TurboTax units fell 2%, yet revenue grew 7% as AI-plus-expert TurboTax Live grew 37% to 53% of it. QuickBooks' moat is the accountant channel trained on it, plus payroll and payments compliance. The FY27 guide has EPS up 22–24% without unit growth. Risks: banks bundling AI bookkeepers, or tax-code simplification. x.com  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 trades at only 11x forward earnings, a valuation back down to earth and then some versus the roughly 2% free cash flow yield it averaged from 2013 until the SaaS crash. Its tax and SMB accounting markets are known and not shrinking, growing at least with GDP and population; the only question is how much Intuit captures. Free filers were never the valuable customers. Non-GAAP earnings exclude stock compensation, but Intuit's adjustments are typical of peers and less sketchy. x.com  x.com  … Show more

Intuit is well placed for a software rally, with EPS likely to accelerate and its P/E multiple to recover. Starting a business has never been easier, and those businesses need accounting software. They won't vibe code their own, since it is a small cost that must be tax compliant and linked to governments for automatic filing, and vibe-coded rivals risk security breaches. Businesses are also subscribing to AI features inside accounting software, such as automatic cost classification. x.com 

Intuit risks becoming the example of AI commoditizing software, as AI and agents increasingly answer tax and bookkeeping questions instantly, cheaply or for free, removing the need for a costly middle layer. Its large paying base means AI probably won't crush it immediately, but pricing power and users could get squeezed. Its lofty multiples are likely over; it won't go to zero and could still be decent, but it is down 54% this year in a nasty stage-4 downtrend below its 200-day average. x.com  … Show more

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 QuickBooks has low churn incentive beyond price, because it sells trust for back-office operations with many integrations most small businesses don't want to think about. QuickBooks looks somewhat saturated in the US, at probably mid-30% penetration, about 10-11M business users out of 35M registered IRS filers. Price increases run in the high single digits a year, and whether that can be sustained is the open question. x.com 

Intuit's fundamentals will disappoint buyers, with its tax business set to grow only 2-3% and GBS 13-14%. Had Intuit not gotten analysts to lower their projections beforehand, the stock would have fallen about 20% after the close. x.com 

Intuit looks attractively valued, trading at 17x earnings while growing 11%. x.com  x.com