New York, February 26, 2026, 11:48 EST — Regular session
- Intuit climbed roughly 4% in late-morning action, building on Wednesday’s rally.
- TurboTax and QuickBooks parent drops its fiscal Q2 numbers following the bell.
- Investors are eyeing its AI tie-ups to see if they can quiet concerns about disruption.
Intuit Inc (INTU.O) jumped 4.2% to $397.21 as of 11:34 a.m. ET. The stock had already rallied the previous day, moving up from $358.71 to $381.23.
Shares rebounded just ahead of Intuit’s fiscal second-quarter numbers, with results set for release after the closing bell at 4 p.m. ET. The company’s quarter wrapped up Jan. 31, and management is slated to go over the figures on a conference call later Thursday.
Intuit shares whipsawed Thursday, with the stock moving between $387.96 and $406.46. The broader software sector is still unsettled by the rise of “AI agents” — these are tools built to handle multi-step tasks across applications, cutting down on the need for people to step in. Over the past 52 weeks, Intuit’s stock has traded in a range from $349.00 all the way up to $813.70, per Investing.com data.
Intuit wants investors to see it as a winner in the tech transition. The company rolled out a new multi-year deal with Anthropic on Tuesday, opening the door for mid-market clients to build their own AI agents right on Intuit’s platform, powered by Anthropic’s Claude toolkit. Intuit’s own tools will also show up inside Anthropic products. “Custom AI agents that truly understand their finances”—that’s how Intuit CTO Alex Balazs put it. Anthropic’s chief commercial officer Paul Smith pointed to Intuit’s reach: “Millions of consumers and businesses trust Intuit.” Intuit Inc.
Anthropic is sticking to its message: its AI slots in as an extra layer, not a full-on substitute. The company rolled out a fresh set of enterprise plug-ins this week, developed alongside LSEG, FactSet, Salesforce’s Slack, and DocuSign. That follows last month’s debut of a legal plug-in, which triggered an $830 billion rout across global software and services stocks. “It’s not a product that’s trying to own every workflow,” Scott White, Anthropic’s head of enterprise product, told Reuters. Reuters
There’s another spotlight for Intuit next week. CEO Sasan Goodarzi is slated to speak at Morgan Stanley’s Technology, Media & Telecom conference on March 2, and the company’s planning a webcast at 1:00 p.m. ET.
Thursday’s report puts TurboTax’s tax-season numbers in focus for investors, along with any signs of momentum—or softness—in small-business activity over at QuickBooks. Of course, questions linger on whether all that AI investment is translating into real product growth or just higher expenses. As usual, any tweak to the outlook could hit the stock harder than the profit line itself.
But it’s not all smooth sailing. Even some of the most optimistic software bulls have cautioned that the pace of adoption could lag behind what traders are pricing in—and might not be so tidy. “You definitely need human intervention,” said Robert Pavlik at Dakota Wealth, speaking to Reuters. Over at Slatestone Wealth, Ken Polcari called the current action a “shoot first, ask questions later” scenario, as algorithms dominate the tape. Reuters
Intuit drops its earnings after Thursday’s closing bell, with a 4:30 p.m. ET conference call lined up. Traders are set to dig into any forward-looking details—especially any clear updates on when AI tools might actually start boosting revenue instead of just showing up in demos.
