Intuit (INTU) is set to report its fiscal fourth-quarter and full-year 2026 results on Aug. 25, after the market closes. The company has faced a tough time on Wall Street this year as software names feel the increasing threat of artificial intelligence (AI) to their operations.
In May, Intuit cut approximately 17% of its workforce amid the ongoing debate over whether generative AI tools could disrupt traditional software businesses like its own. However, CEO Sasan Goodarzi brushed aside the layoffs as having nothing to do with AI. Instead, the CEO said they were enacted to streamline operations and improve execution to create a “builder culture.” Goodarzi has also brushed off fears of AI posing a significant threat to Intuit's core business.
