Intuit shares dropped 2.6% after hours despite posting strong fiscal second-quarter results, as the company's third-quarter outlook fell short of Wall Street expectations. The software giant reported adjusted EPS of $4.15, beating the $3.68 consensus, while revenue climbed 17% year over year to $4.7 billion.

CEO Sasan Goodarzi touted the company's AI strategy, positioning Intuit at the intersection of artificial intelligence and human intelligence to deliver autonomous tax services and AI-native ERP platforms for mid-market businesses. The company has recently partnered with Anthropic to bring customizable AI agents to its business customers.

For the third quarter ending April 30, Intuit projects adjusted EPS of $12.45-$12.51, below the $12.97 analyst estimate, with revenue growth of approximately 10% at about $4.36 billion. The company maintains its full-year fiscal 2026 guidance of $21-$21.2 billion in revenue and adjusted EPS of $22.98-$23.18. Intuit also announced a quarterly dividend of $1.20 per share, up 15% from last year.