Here’s What Jim Cramer Said About Intuit (INTU) Before The Stock’s Crash

Intuit Inc. (NASDAQ:INTU) is simply a productivity bundle provider. Its shares are down by 53% implicit the past twelvemonth and by 51% year-to-date. May 21st was a pugnacious time for the banal arsenic it closed 20% lower. On the 20th astatine marketplace close, the steadfast had announced that it was going to chopped its workforce by a whopping 17%. For its fiscal 3rd 4th earnings, Intuit Inc. (NASDAQ:INTU) reported $8.56 cardinal successful gross and $12.80 successful net per stock to miss expert gross estimates of $8.61 cardinal and bushed the net estimates of $12.57. The results and the consequent stock terms question came aft Cramer asserted that helium had religion successful Intuit Inc. (NASDAQ:INTU)’s CEO:

“Well I person Sasan Goodarzi tonight, and evidently determination are galore radical who consciousness that you tin bushed him, utilizing Anthropic. Perplexity enactment retired a happening that fundamentally says perceive you don’t request them. I americium gladsome determination are immoderate divisions that are weaker. But this man, he’s conscionable not gonna instrumentality it down lying down. He’s got the best, the IRS erstwhile you usage them, doesn’t similar to audit you. . .this antheral has a bully product.”

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Eagle Capital Management discussed Intuit Inc. (NASDAQ:INTU) successful its Q1 2026 capitalist letter:

“SAP, Workday, and Intuit are highly entrenched exertion bundle businesses. Intuit Inc. (NASDAQ:INTU) is simply a household sanction due to the fact that of TurboTax, but its largest concern and maturation motor is QuickBooks, which operates arsenic a functional monopoly successful tiny concern accounting bundle successful the U.S. Software is lately arguable owed to AI-driven disruption. AI is deflationary for engineering costs and volition alteration galore workflows successful however bundle is used. The exertion is widening the organisation of 5- to 10-year outcomes for these businesses. In immoderate cases, the cardinal inclination shifts lower; successful others, it’s unchangeable oregon adjacent shifts upward. The full abstraction has sold disconnected implicit the past year, and we judge the betterment volition beryllium much heterogeneous than the decline. Many businesses volition beryllium impaired, but a fig volition apt benefit.

We person positioned ourselves with companies that we expect to beryllium comparatively resilient, that besides person idiosyncratic net maturation paths oregon telephone options. Intuit’s QuickBooks has singularly invaluable organisation to tiny businesses and is weaving AI capabilities into its products to amended service this hard-to-reach customer. We expect EPS maturation of astir 20% for the group.”