What impact did Credit Karma have on INTU's recent earnings?

Credit Karma's impact on Intel's (INTU) recent earnings can be summarized as follows:

1. **No Direct Impact on Earnings**: Credit Karma, a subsidiary of Intel, did not have a direct impact on Intel's recent earnings as reported in the third quarter of 2025. Intel's reported net income for the quarter was $2 billion, with sales of $10.2 billion, and earnings per share (EPS) of 35 cents.
2. **Investor Sentiment and Market Dynamics**: However, Credit Karma's performance and potential future impact on Intel's foundry business have influenced investor sentiment and market dynamics. Speculations about Intel's foundry business, including potential deals with TSMC and partnerships with clients like Nvidia, have caused Intel's stock to experience a roller-coaster ride, surging on optimism and then declining due to broader market pressures.
3. **Potential Future Benefits**: If executed successfully, strategic moves involving Credit Karma and Intel's foundry business could potentially benefit Intel's earnings in the future. For instance, landing Nvidia as a foundry client could diversify Intel's revenue stream and enhance its reputation in the contract chip manufacturing space.
4. **Challenges and Uncertainties**: Nevertheless, uncertainties surrounding Credit Karma's impact and Intel's foundry ambitions, including the delay in Panther Lake production, pose risks to Intel's future earnings. The delay could affect the availability of PTL notebooks until 2026, potentially impacting Intel's revenue and profit in the second half of 2025.

In conclusion, while Credit Karma did not directly impact Intel's recent earnings, its potential future contributions and the related market speculations have influenced investor sentiment and could affect Intel's future earnings trajectory.