Intuit Inc (NASDAQ:INTU) stock rose 4.87% (As on November 21, 11:50:49 AM UTC-4, Source: Google Finance) after the company forecast second-quarter revenue growth above Wall Street estimates, a sign of growing demand for its artificial intelligence-powered financial management tools. The company, which offers products such as tax-preparation software TurboTax, finance portal Credit Karma and accounting tool QuickBooks, is benefiting as customers increasingly seek personalized financial guidance and automated solutions for tasks such as bookkeeping. The company has recently signed a multi-year deal worth more than $100 million with OpenAI to use the ChatGPT maker’s AI models to power the company’s AI agents. The integration of Intuit apps within ChatGPT will involve “no revenue share”, and customer data privacy and security principles will remain unchanged.

Moreover, Global Business Solutions revenue grew to $3.0 billion, up 18 percent, and Online Ecosystem revenue increased to $2.4 billion, up 21 percent. QuickBooks Online Accounting revenue grew 25 percent in the quarter, driven by higher effective prices, customer growth, and mix-shift. Online Services revenue grew 17 percent, driven by growth in money and payroll offerings. Total international online revenue grew 9 percent on a constant currency basis. Consumer revenue of $894 million was up 21 percent in the quarter. Credit Karma revenue grew 27 percent to $651 million, driven by strength in personal loans, credit cards, and auto insurance. TurboTax revenue grew 6 percent to $198 million. ProTax revenue grew 15 percent to $45 million.

INTU in the first quarter of FY26 has reported the adjusted earnings per share of $3.34, beating the analysts’ estimates for the adjusted earnings per share of $3.09. The company had reported the adjusted revenue growth of 18 percent to $3.89 billion in the first quarter of FY26, beating the analysts’ estimates for revenue of $3.76 billion. The company reported a total cash and investments balance of approximately $3.7 billion and $6.1 billion in debt as of October 31, 2025.

Intuit forecast revenue growth of about 14% to 15% for the second quarter ending January 31, above analysts’ average estimate of 12.8% growth, according to data compiled by LSEG. However, its adjusted earnings per share outlook of $3.63 to $3.68 for the quarter fell short of the estimated $3.83.

FY 26 Non-GAAP operating income is expected to be in the range of $8.611 billion to $8.688 billion, Non-GAAP diluted earnings per share to be in the range of $22.98 to $23.18 and revenue to be in the range of $20.997 billion to $21.186 billion.