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Intuit Sinks 12% as AI Disruption Fears Spread From TurboTax to QuickBooks, Adobe and ServiceNow Drop 3%

Intuit logoIntuit
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Adobe logoAdobe
Sig1.20Sen-2.80Env0.00Soc0.00Gov0.00

Investors treat the guidance reset as the first measurable sign of disruption fears beyond academic debate. The Invesco QQQ Trust is down 0.3%, while software sells harder: Intuit drops 12% after Q4 FY2026 adjusted EPS of $4.03 and first $20B+ annual revenue. FY2027 revenue growth is forecast at 9% to 10% and TurboTax unit growth at 2% to 3%, prompting cuts including JPMorgan to Neutral from Overweight, and setting up an Investor Day on Sept. 17.

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