New York, Feb 22, 2026, 15:04 (EST) — Market closed.
Intuit (INTU) dropped 0.26% to finish at $380.55 on Friday, before ticking up 0.25% to $381.51 after the bell, with tech earnings looming large this week. Shares traded between $378.88 and $392.96 during the session.
Software stocks are still acting more like a proxy for artificial intelligence bets than a play on traditional growth. The S&P 500 software and services index has slid about 20% this year. “Next week is going to be pretty important for software,” King Lip, chief strategist at BakerAvenue Wealth Management, said. He thinks the selloff is “overdone,” though he also pointed out that some companies will have to “adapt and innovate.” “It’s kind of a perplexing market,” added Marta Norton, chief investment strategist at Empower. Reuters
Volatility didn’t let up in broader markets. Wall Street ticked higher Friday—S&P 500 rose 0.7%, Nasdaq gained 0.9%—after the Supreme Court tossed out President Donald Trump’s broad tariffs. Trump, however, vowed to keep pushing for tariffs by different means.
Intuit makes TurboTax for consumers and QuickBooks for small businesses, plus it owns Credit Karma and Mailchimp. Investors tend to see its numbers as a signal for household tax-filing trends and how much smaller companies are willing to spend.
Intuit plans to release its fiscal second-quarter results on Feb. 26 following the market close and will kick off its conference call at 1:30 p.m. Pacific.
This quarter’s numbers might not get as much attention as the bigger picture: how tax season demand is shaping up, what’s happening with customer growth, and whether fresh AI features are starting to chip away at core software businesses.
Guidance tends to set things off. Just a slight tweak in what management says about pricing, retention, or marketing spend can push shares either way.
Still, any sign of caution—or if users start holding off on upgrades to check out less expensive AI-powered options—could stir volatility in the shares. The bigger threat to INTU isn’t a single weak quarter. It’s the possibility that investors rethink how they value the whole software model.
Plenty lines up for the week: Trump delivers the State of the Union Tuesday, Nvidia posts results Wednesday, and Intuit closes out with earnings Thursday.
Intuit’s next potential mover: the Feb. 26 earnings call.
