INTU INVESTOR DEADLINE: Intuit Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit Before September 8, 2026 Deadline

Purchasers or acquirers of Intuit Inc. (NASDAQ: INTU) securities between August 22, 2025 and May 20, 2026, both dates inclusive, have until Tuesday, September 8, 2026 to seek appointment as lead plaintiff of the Intuit class action lawsuit. The lawsuit charges Intuit and certain of its top executive officers with violations of the Securities Exchange Act of 1934.

Intuit provides financial management, payments and capital, compliance, and marketing products and services. The lawsuit alleges that defendants throughout the Class Period 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. In reality, Intuit was losing significant business in its tax-related business, particularly in its Turbo Tax business, as a result of, among other things, increasing competitive and pricing pressures. Accordingly, Intuit's previously issued 2026 TurboTax revenue growth guidance was unreliable and/or unrealistic.

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." On this news, the price of Intuit stock dropped nearly 4%, according to the complaint.

Later that day, during post-market hours, Intuit issued a press release announcing 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'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." On this news, the price of Intuit stock dropped over 20%, according to the complaint.

The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Intuit securities during the Class Period to seek appointment as lead plaintiff in the Intuit class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Intuit class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Intuit class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Intuit class action lawsuit.