Goldman Sachs strategists say analysts remain optimistic about the software industry's earnings outlook

The team led by Ben Snider stated in the report that over the past three months, the two-year forward earnings expectations for software stocks have risen by 5%. They pointed out that industries considered to be most threatened by artificial intelligence have not only seen their 2026 earnings per share forecasts revised upward, but also achieved double-digit growth in fourth-quarter earnings. Snider said, "Although investors have been deeply concerned about the disruptive impact of artificial intelligence in recent weeks, software stocks at the center of these worries have generally delivered financial reports that exceeded market expectations, prompting analysts to raise their future earnings forecasts." (Bloomberg)