New York, February 24, 2026, 18:31 EST — After-hours
- Intuit shares fell in late trade after a volatile session that followed fresh AI headlines.
- The company unveiled a multi-year partnership with Anthropic focused on custom “AI agents” for business users.
- Investors are looking to Intuit’s Feb. 26 results and management commentary for the next reset.
Intuit Inc shares were down 5.5% at $358.71 in after-hours trading on Tuesday, after swinging sharply during the day. After-hours trading is the session after the 4 p.m. close, when volumes are typically thinner and moves can look bigger.
The drop came as U.S. stocks bounced back, with technology leading a rebound that traders tied to easing jitters around artificial intelligence. The Dow finished up 0.76%, the S&P 500 gained 0.77% and the Nasdaq rose 1.05%, according to Reuters. (Reuters)
Software remains the fault line in that debate. The S&P 500 software and services index is down 23.5% so far this year, Reuters reported, and Dakota Wealth’s Robert Pavlik said it is “still early” and that AI tools still need human intervention to avoid problems. (Reuters)
Intuit, the maker of TurboTax and QuickBooks, said earlier it struck a multi-year partnership with Anthropic to let mid-market businesses build custom AI agents — software programs designed to carry out multi-step tasks — using Anthropic’s Claude Agent SDK on Intuit’s platform. Intuit will also surface its tools inside Anthropic products and deploy Claude Code across its engineering organization; Intuit CTO Alex Balazs called the tie-up “groundbreaking,” while Anthropic chief commercial officer Paul Smith said Claude Code would help Intuit “ship faster.” (Intuit Inc.)
Anthropic’s steady stream of releases has become a market driver in its own right. Investors looked for signs of a bottom in battered software shares on Tuesday after Anthropic detailed new “plug-ins” — connectors that link Claude to business tasks — and partners including FactSet, Salesforce’s Slack and DocuSign rose, Reuters reported; Stock Trader Network strategist Dennis Dick said “some of this disruption is not imminent” and much of it is “years out.” (Reuters)
Intuit also flagged another near-term moment for investors: CEO Sasan Goodarzi is scheduled to appear at Morgan Stanley’s Technology, Media & Telecom Conference in San Francisco on March 2, with a live webcast, the company said. (Intuit Inc.)
The more immediate catalyst lands Thursday. Intuit is set to report fiscal second-quarter results after the close on Feb. 26 and hold a conference call at 1:30 p.m. Pacific time, the company has said. (Intuit Inc.)
On the numbers, analysts expect earnings of $3.66 per share on revenue of about $4.53 billion, according to a Zacks preview published on Nasdaq.com. (Nasdaq)
But the AI partnership is slated to begin rolling out in spring, leaving investors to weigh promises against near-term results. Any stumble in guidance, or a slower-than-expected take-up of new AI features, could keep the stock pinned down even if the broader sector steadies.
Traders are now looking to Thursday’s results for guidance on demand and margins, and for how aggressively Intuit plans to lean into AI across TurboTax and QuickBooks. Goodarzi’s March 2 appearance is next up after that, another chance to put details around timelines and payoffs.
