INTU: Financial results · Restructuring · Company disclosure · Other company developments

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION. On May 20, 2026, Intuit Inc. (the "Company") announced its financial results for the fiscal quarter ended April 30, 2026 and provided forward-looking guidance. A copy of the press release is attached to this Report as Exhibit 99.01. The information in this Item 2.02 and Exhibit 99.01 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly stated by specific reference in such filing. ITEM 2.05 COSTS ASSOCIATED WITH EXIT OR DISPOSAL ACTIVITIES. On May 20, 2026, the Company announced a plan (the “Plan”) to simplify its organizational structure and become a faster, leaner, more focused company. As part of the Plan, the Company will reduce its full-time workforce by approximately 17% and is considering the closure of certain of its sites in service to growing technology teams and capabilities in strategic locations. The Company estimates that it will incur approximately $300 million to $340 million in charges in connection with the Plan, primarily in its fourth fiscal quarter ending July 31, 2026. The Company expects these charges to consist primarily of future cash expenditures related to severance payments and employee benefits. The Company expects substantially all of the actions associated with the Plan to be completed by its first fiscal quarter ending October 31, 2026, subject to local law and consultation requirements. The estimate of the charges that the Company expects to incur in connection with the Plan, and the timing thereof, are subject t