After markets closed last night, Intuit (INTU) posted strong quarterly results. But excluding stock-based compensation from its non-GAAP results led to a post-earnings sell-off.
INTU stock might trade down by around 10% today. In Q4, non-GAAP EPS of $4.03 beat expectations. Revenue grew by 14.9% Y/Y to $4.4 billion. For fiscal Q1/2027, Intuit is expecting diluted EPS to grow by 8% to 10% to $1.71 to $1.75.
Intuit faces little to no competition from AI chatbots. Tax software buyers will not use AI, which might cause AI hallucinations when inputting personal financial information.
In the oil sector, watch out below for prices falling sharply. WTI crude will continue its decline. It closed at $80.56 in recent trading. This will pressure energy firms like ExxonMobil (XOM), Devon Energy (DVN), Occidental Petroleum (OXY), and Chevron (CVX).
In the fall, markets expect that Anthropic will file its IPO. In a report from the Wall Street Journal, Anthropic might tell its potential investors that it sees $30 trillion in potential revenue. By comparison, SpaceX (SPCX) said its TAM (total addressable market) was $28.5T. In 2025, the U.S. reported a GDP of $30.77T.
Investors should dismiss the notion that the combined TAM of the two chatbots is nearly $60 trillion. Still, Anthropic’s revenue grew so fast that it reported quarterly profits.
