New York, February 24, 2026, 18:31 EST — After-hours
- Intuit shares slipped after hours, wrapping up a choppy day fueled by new AI headlines.
- The company rolled out a new multi-year partnership with Anthropic, targeting custom “AI agents” aimed at business clients.
- Intuit’s results and management updates, set for Feb. 26, are now in focus for investors seeking the next reset.
Intuit Inc dropped 5.5% to $358.71 in after-hours action Tuesday, with shares whipsawing earlier in the session. After the 4 p.m. close, after-hours trading tends to see lighter volumes, which can exaggerate price swings.
Stocks in the U.S. clawed back losses, spurred by a rally in tech that traders linked to cooling nerves over artificial intelligence. The Dow advanced 0.76%, the S&P 500 tacked on 0.77%, while the Nasdaq surged 1.05%, Reuters reported.
Software is still where the argument splits. According to Reuters, the S&P 500 software and services index has dropped 23.5% this year. Robert Pavlik at Dakota Wealth told Reuters it’s “still early”—AI tools, he said, aren’t independent yet; they need people to keep things on track. Reuters
Intuit, best known for TurboTax and QuickBooks, earlier announced a multi-year deal with Anthropic that will allow mid-sized businesses to build custom AI agents—software meant for multi-step tasks—on Intuit’s platform via Anthropic’s Claude Agent SDK. As part of the arrangement, Intuit’s tools will become available inside Anthropic’s own products, and Claude Code will be rolled out to Intuit’s engineering teams. CTO Alex Balazs labeled the partnership “groundbreaking.” Anthropic’s chief commercial officer Paul Smith said Claude Code should help Intuit “ship faster.” Intuit Inc.
Anthropic has kept up a rapid clip of product launches, with each one sending ripples through the sector. On Tuesday, battered software stocks drew buyers after Anthropic rolled out new “plug-ins”—tools that hook Claude into workplace apps—and named FactSet, Salesforce’s Slack, and DocuSign as partners, according to Reuters. Dennis Dick, strategist at Stock Trader Network, warned that “some of this disruption is not imminent” and much remains “years out.” Reuters
Intuit pointed to a fresh event on the calendar for investors. CEO Sasan Goodarzi will be speaking at Morgan Stanley’s Technology, Media & Telecom Conference in San Francisco on March 2. The company confirmed there will be a live webcast.
The immediate trigger hits Thursday. Intuit plans to post its fiscal second-quarter numbers after the bell on Feb. 26, with a conference call scheduled for 1:30 p.m. Pacific, according to the company.
Analysts are looking for earnings of $3.66 a share, with revenue coming in around $4.53 billion, per a Zacks preview posted on Nasdaq.com.
The AI partnership won’t actually start rolling out until spring, which means investors are left balancing management’s assurances with what’s showing up in the numbers now. If guidance slips, or adoption of the new AI features lags, the stock could stay stuck—even if the rest of the sector finds its footing.
Attention shifts to Thursday’s results, with traders searching for signals on demand, margins, and just how far Intuit aims to push AI inside TurboTax and QuickBooks. After that, Goodarzi is set to appear March 2, giving the market another shot at clarity on timing and payoffs.
