Intuit (NASDAQ:INTU) beat Wall Street handsomely in fiscal Q3, reporting adjusted EPS of $11.65 on $7.75 billion in revenue—versus consensus of $10.91 and $7.56 billion—driven by an “outstanding tax season” and continued momentum in QuickBooks and Credit Karma.

Q3 Highlights

• EPS Surprise History: This marks Intuit's ninth consecutive quarter topping estimates by an average of 6%, per FMP's Historical Earnings API.

• Revenue Growth: Up 19% YoY, lifted by TurboTax, QB Online, and strong SMB subscription adds.

• Operating Efficiency: A 56% operating margin outpaced the Street's 54% forecast, underscoring scalable, high-margin recurring software revenue.

Upgraded Guidance Signals Confidence

• Q4 Guide: EPS of $2.63-$2.68 (vs. $2.60 expected) on $3.723-$3.760 billion in sales (vs. $3.53 billion).

• Full-Year Outlook: Now sees non-GAAP EPS of $20.07-$20.12 (18-19% growth) and revenue of $18.723-$18.760 billion (≈15% growth), up from prior 13-14% and 12-13% ranges.

Valuation and Intrinsic-Value Upside

Analysts have already lifted price targets off these results—Intuit's consensus sits at $650 with a high of $720—according to the FMP Price Target Summary API. To quantify the impact of stronger cash flows, investors can model scenarios using FMP's Advanced DCF API, testing how higher mid-cycle margins and growth translate into intrinsic share value.

With tax-season tailwinds still blowing and SMB demand for cloud finance tools robust, Intuit's refreshed guidance and proven beat-and-raise pattern make it a standout in the software sector—setting the stage for another run of positive earnings revisions.