Key Highlights

● Intuit closed fiscal 2026 with Revenue of $21.4 billion, up 14%, and non-GAAP EPS of $24.27, up 20%, and guided fiscal 2027 revenue to $23.512 billion with GAAP EPS growth of 22% to 24%.

● Strategy held 843,775 Bitcoin as of its second-quarter 2026 report, with a cost basis of about $63.94 billion, and posted a net loss of roughly $8.22 billion under fair-value accounting as bitcoin traded below its average purchase price during the quarter.

● Ribbon Communications guided third-quarter 2026 revenue to $230 million and full-year revenue to $840 million after second-quarter revenue fell 13% year over year to $192 million, citing record IP Optical bookings and a Salesforce Agentforce Contact Center selection.

● Intellicheck grew second-quarter 2026 revenue 16% to $5.9 million with a 91% gross Margin and swung to GAAP Net Income of $0.7 million, while flagging that one customer made up about 29% of first-half revenue.

Five Nasdaq-listed names, a Southeast Asian Fintech comparison platform, a telecom networking-software vendor, an accounting-software giant, a bitcoin-treasury and analytics company, and an identity-verification specialist, show how differently software and AI services can behave inside one index this September.

One Nasdaq Theme, Five Very Different Businesses

Group MoneyHero (NASDAQ: MNY), Ribbon Communications (NASDAQ: RBBN), Intuit (NASDAQ: INTU), Strategy (NASDAQ: MSTR) and Intellicheck (NASDAQ: IDN) under a single Nasdaq Composite banner and the label "AI, software and technology services" starts to strain. One is a scaling-back consumer fintech platform; one sells carrier and enterprise networking software; one is a $21-billion-revenue accounting-and-tax powerhouse; one is effectively a leveraged bet on bitcoin wrapped around an analytics business; and one is a small-cap identity-verification vendor. What ties them together in September 2026 is a market that keeps rewarding software and AI narratives while quietly punishing businesses whose fundamentals wobble. What follows separates what each company has actually reported from what it might do next, hedging the future accordingly.

The September 2026 Backdrop: AI Optimism Meets a Rate-Cut Watch

The macro mood entering mid-September 2026 has been defined by two forces: durable enthusiasm for anything credibly attached to artificial intelligence, and intense focus on the Federal Reserve's rate path, with rate cuts a central market talking point going into the month. Lower rates, if delivered, tend to help long-duration software and speculative growth names most, which is precisely the cohort these five straddle.

Bitcoin traded at roughly $77,839 on the morning of September 10, 2026, up about 20% over the prior month but down roughly 32% from a year earlier. That matters directly for one name here and colours sentiment for the risk-on complex broadly.

The through-line is that software and technology services is no longer one trade. Recurring-revenue compounders, cyclical infrastructure vendors, crypto-linked balance sheets and niche SaaS all sit in the same index and respond to very different catalysts. The five below make that dispersion concrete.

MoneyHero Group (NASDAQ:MNY): A Fintech Platform Choosing Profitability Over Growth

MoneyHero Limited, a Hong Kong- and Singapore-based personal-finance aggregation and comparison platform operating across Greater Southeast Asia, reported second-quarter 2026 results on September 11, 2026. Revenue fell 13% year over year to $32.3 million. The company posted a net loss for the quarter, compared with a $0.2 million profit a year earlier, which management attributed to foreign-exchange Volatility rather than a change in operating trajectory. Adjusted EBITDA loss narrowed 17% to $2.7 million for the half. The company ended the period with $28.2 million in cash and no debt.

Engagement metrics were mixed: monthly unique users fell to 3.7 million from 5.3 million, but Group members rose 17% to 10.1 million, first-half total transaction value grew 9% to $41.5 million, and the approval rate improved nine points to 48%. No forward guidance was provided.

This reads as a deliberate pivot from top-line growth toward unit Economics and monetisation quality. If the EBITDA-loss trend continues, MoneyHero could approach breakeven, but the shrinking user funnel is a real risk worth watching.

Ribbon Communications (NASDAQ:RBBN): Networking Software Leaning on a Second-Half Recovery

Ribbon Communications Inc., which sells communications software and IP optical networking gear to service providers and enterprises, reported second-quarter 2026 results on July 28, 2026. Revenue was $192 million, down about 13% from $221 million a year earlier but up 18% sequentially from the first quarter's $162.6 million. The company recorded a GAAP net loss of $27 million and a non-GAAP net loss of $5 million, with GAAP diluted EPS of negative $0.15 and non-GAAP EPS of negative $0.03. Adjusted EBITDA was $12 million, down from $32 million a year earlier. Cash stood at $43.5 million against total Debt of $329.4 million.

The company guided third-quarter revenue to $230 million and full-year 2026 revenue to $840 million, with full-year adjusted EBITDA of $88 million. It highlighted record IP Optical quarterly bookings and its selection by Salesforce for Agentforce Contact Center.

The story is a cyclical bookings-to-revenue lag: strong orders now, weaker reported revenue today, and a Balance Sheet that leaves little room for error. The guidance implies a meaningful second-half acceleration; whether Ribbon converts Backlog on schedule is the key uncertainty.

Intuit (NASDAQ:INTU): The Scaled Compounder Betting the Business on AI

Intuit Inc. reported fourth-quarter and full-year fiscal 2026 results on August 25, 2026. Full-year revenue reached $21.4 billion, up 14%, with GAAP EPS of $16.46 and non-GAAP EPS of $24.27, each up 20%. Global Business Solutions revenue was $12.9 billion (up 16%), Consumer was $8.6 billion (up 11%, with TurboTax at $5.3 billion), Credit Karma grew 20% to $2.6 billion, and ProTax reached $647 million. Fourth-quarter revenue was $4.4 billion, up 14%.

For fiscal 2027, Intuit guided to revenue of $23.512 billion (9% to 10% growth) and GAAP EPS of $20.36 (22% to 24% growth). CEO Sasan Goodarzi framed the strategy as winning "as an AI-driven expert platform" that creates a "financial system of intelligence."

Intuit is the clearest example here of AI as a margin-and-retention story rather than a moonshot: Intuit Assist and its agentic ambitions are pitched as doing customers' work, not just assisting it. The fiscal 2027 guide points to slower revenue growth but faster Earnings growth, implying operating leverage; the debate, reflected in shifting analyst narratives, is whether AI expands Intuit's moat or eventually commoditises tax and bookkeeping.

Strategy (NASDAQ:MSTR): A Bitcoin Balance Sheet Wrapped Around Software

Strategy Inc., formerly MicroStrategy, reported second-quarter 2026 results on July 30, 2026, and said it held 843,775 bitcoin, describing itself as the largest institutional holder globally; its holdings as of June 30 carried an average purchase price of $75,578 and a cost basis of about $63.94 billion. The company reported a year-to-date "BTC Yield" of 4.5%. Its software operation generated subscription-services revenue of $62.9 million in the quarter, with total revenue of $122.4 million, up 6.9% year over year.

Under fair-value accounting for digital assets, the company posted a net loss of roughly $8.22 billion, or $24.45 per diluted share, driven by an $8.32 billion unrealized loss on its bitcoin as prices sat below its average cost during the period.

Strategy is barely a software story at the margin: the analytics business is stable, but the Equity trades as a leveraged, financing-fuelled bitcoin proxy. With bitcoin near $77,800 in mid-September, above the late-July mark but well under its year-ago level, the mark-to-market swings dominate reported earnings. Direction from here is inseparable from bitcoin's path and from the company's ability to keep raising Capital on favourable terms; both are genuinely unpredictable.

Intellicheck (NASDAQ:IDN): Small-Cap Identity Software at a Profitability Inflection

Intellicheck, Inc., which provides on-demand digital and physical identity-validation software to roughly 500 customers, reported second-quarter 2026 results on August 13, 2026. Revenue rose 16% year over year to $5.9 million, up 7% sequentially, with SaaS representing substantially all of the total. Banking and lending made up 48% of quarterly revenue and retail 29%. The company reported GAAP net income of $0.7 million, adjusted EBITDA of $1.1 million (up $1.0 million year over year), a 91% gross margin, and $11.8 million of cash with no debt.

The company flagged that one customer accounted for about 29% of first-half revenue and is transitioning to a multi-source vendor architecture; excluding that customer, remaining revenue grew about 19% in the first half. Management said it expects positive adjusted EBITDA in the second half and profitability for the full year.

The bull case is a high-margin identity-verification vendor reaching sustained profitability just as Fraud and AI-enabled forgery raise Demand for document authentication. The concentration risk is the swing factor: how that large customer's transition resolves could plausibly determine whether growth stays double-digit.

What Investors Should Watch

Across these five, the near-term catalysts are specific rather than shared. For MoneyHero, watch whether the narrowing EBITDA loss survives further revenue declines and foreign-exchange swings. For Ribbon, the tell is second-half revenue conversion against that $840 million full-year guide and its debt load. Intuit's watch item is fiscal 2027 execution and evidence that AI features lift retention and pricing rather than inviting disruption. Strategy hinges almost entirely on bitcoin's price and continued access to capital markets. Intellicheck's is the resolution of its top customer's vendor transition and whether full-year profitability lands as guided. Macro overlays, the Fed's rate decisions and risk appetite for growth software, will amplify or mute all of it.

One Index Label, Five Different Risk Profiles

AI, software and technology services is a convenient index label, not a single Investment thesis. These five Nasdaq names range from a scaled, cash-generative compounder in Intuit to a speculative crypto-linked balance sheet in Strategy, with a fintech turnaround, a cyclical infrastructure vendor and a profitability-inflection small-cap in between.

September 2026's supportive-but-jittery backdrop can lift the whole group at once, but the reported fundamentals, not the shared theme, are what actually separate them. A rate cut would help all five to some degree; only Intuit's earnings growth and Intellicheck's approaching profitability are built on something more durable than sentiment.