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Today at a glance:
✅ Intuit: Raising the Bar
🔒 Palo Alto: NGS Keeps Going
⚙️ Analog Devices: Tariffs Pull Forward
👔 Workday: Same Outlook Despite AI
🏗️ Autodesk: Guidance Boost
❄️ Snowflake: AI Momentum Grows
🎯 Target: Consumer Weakness Lingers
🖥️ Zoom: AI Features Shine
⛷️ Amer Sports: Asia-Based Growth
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1. ✅ Intuit: Raising the Bar
Intuit’s Q3 revenue (April quarter) grew 15% to $7.75 billion ($190 million beat), with EPS of $11.65 ($0.74 beat). The strong performance was fueled by a standout tax season, 19% growth in Global Business Solutions, and a 31% jump in Credit Karma. QuickBooks Online rose 21%, while TurboTax Live saw accelerating adoption, supported by AI Assistants and human experts.
Management raised full-year guidance across the board: revenue is now expected to grow 15% Y/Y to $18.7 billion ($0.5 million raise). Q4 guidance also came in ahead of consensus, indicating extension season tailwinds. Despite a shrinking base of free filers, Intuit is monetizing more deeply through higher-value services, positioning itself as the AI-powered operating system for consumers and small businesses alike.
INTU was a recurring name on our list of Wall Street’s top stocks in Q1.
2. 🔒 Palo Alto: NGS Keeps Going
Palo Alto’s Q3 revenue rose 15% Y/Y to $2.3 billion ($10 million beat), driven by 16% growth in subscription and support revenue. Next-Generation Security ARR hit $5.1 billion, up 34% Y/Y, reflecting strong customer adoption of its expanding cybersecurity platform. Remaining performance obligations rose 19% Y/Y to $13.5 billion, offering continued long-term visibility.
EPS of $0.80 beat by $0.03, though gross margin slipped to 73%, below expectations. Despite higher costs, management raised FY25 EPS guidance to ~$3.27 ($0.06 raise), and reaffirmed revenue at $9.2 billion (+14% Y/Y). With ARR and RPO still compounding and a strong Q4 outlook, Palo Alto is maintaining momentum as a consolidator in AI-driven cybersecurity.