Eagle Capital Management, in its Q2 2026 letter to investors, stated that despite AI-driven disruption facing the software industry, Intuit Inc.'s (NASDAQ:INTU) QuickBooks, as the leader in bookkeeping software for U.S. small and medium-sized businesses, possesses strong competitive advantages through the network effects of its brand, scale, and accountant channel, enabling it to effectively leverage AI solutions. The firm holds a more modest growth outlook for Intuit's TurboTax, but overall expects the company to achieve high-teens earnings per share (EPS) growth, primarily driven by revenue growth, operating leverage, and share repurchases.