LAWSUIT ALERT: Investors who lost money with Intuit Inc. (NASDAQ: INTU) share should contact the Shareholders Foundation

An investor, who purchased shares of Intuit Inc. (NASDAQ: INTU), filed a lawsuit over alleged violations of Federal Securities Laws by Intuit Inc. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Intuit Inc. (NASDAQ: INTU) have certain options and for certain investors are short and strict deadlines running. Deadline: September 8, 2026. NASDAQ: INTU investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Mountain View, CA based Intuit Inc. provides financial management, payments and capital, compliance, and marketing products and services in the United States. Intuit Inc. (NASDAQ: INTU) reported that its Total Revenue rose from $16.29 billion for the 12 months period that ended on July 31, 2024, to $18.83 billion for the 12 months period that ended on July 31, 2025, and that its Net Income over those respective time periods increased from $2.96 billion to $3.87 billion.

On May 20, 2026, during pre-market hours, Reuters published an article entitled "Intuit to cut 17% of global jobs to streamline operations, memo shows," allegedly reporting that Intuit "is laying off about 17% of its workforce, or about 3,000 employees worldwide."

Later that day, during post-market hours, Intuit Inc. announced its fiscal third quarter 2026 results, allegedly reporting weak Q3 2026 tax season revenue, including that TurboTax revenue grew by only 7% year-over-year versus consensus estimates of at least 8% revenue growth. On an accompanying conference call that day, Sasan K. Goodarzi, Intuit Inc.'s Chairman and CEO, disclosed that TurboTax online paying units were expected to grow by only 2% as total Internal Revenue Service filers were expected to decline by approximately 30 basis points, representing the "most significant industry-wide contraction since the post-COVID tax season."

Shares of Intuit Inc. (NASDAQ: INTU) declined from $705.08 per share on September 22, 2025, to as low as $252.84 per share on June 22, 2026.

The plaintiff claims that between August 22, 2025 and May 20, 2026, the defendants made false and/or misleading statements and/or failed to disclose that they had overstated Intuit's competitive advantages and growth, as well as the overall strength and sustainability of its business model and operations, that in reality, Intuit was losing significant business in its tax-related business, particularly in its TurboTax business, as a result of, inter alia, increasing competitive and pricing pressures, that accordingly, Intuit's previously issued FY 2026 TurboTax revenue growth guidance was unreliable and/or unrealistic, and that as a result, Defendants' public statements were materially false and misleading at all relevant times.

Those who purchased shares of Intuit Inc. (NASDAQ: INTU) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.