Just caught Intuit's Q2 earnings and this stock is up 18.3% since the announcement. Pretty solid numbers across the board - revenues hit $4.65B with 17% YoY growth and non-GAAP EPS jumped 25% to $4.15. Their small business segment is firing on all cylinders too, with Global Business Solutions up 18% and Online Ecosystem revenues climbing 21%.

What's interesting is how they're playing the AI angle. They keep talking about this AI plus human intelligence combo fueling growth, and you can see it working. Even TurboTax managed 12% growth this season despite overall IRS returns being down. Credit Karma is also doing heavy lifting with 23% revenue growth.

The company's betting big on three things: done-for-you AI experiences, putting money at the center of their platform, and this AI-native ERP play for mid-market. They're sitting in a $300B TAM with only 6% penetration, so there's room to run. Plus they just approved a 15% dividend increase and bought back $961M in stock last quarter.

For full year FY26, they're guiding 12-13% revenue growth with EPS expected to rise 14-15%. Not explosive but solid. One thing to watch though - the business is super seasonal around tax season, so Q1 and Q4 are typically weaker. That's the main risk factor.

Valuation-wise, trading at 5.73X forward P/S versus the industry average of 7.15X, so it's actually trading at a discount right now. Earnings estimates have been creeping up too. With that 18.3% pop already baked in, the question is whether this holds or if there's more runway. Fundamentals look strong but I'd probably wait for any pullback before adding more.