{
  "report_rows": [
    {
      "kpi": "Operating diluted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$3.05 vs. cons $2.98",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Net new orders",
      "prediction": "BEAT",
      "answer": "pred ~24,600 vs. cons 24,129",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Homebuilding gross margin",
      "prediction": "BEAT",
      "answer": "pred ~20.05% vs. cons 19.81%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY26 revenue",
      "prediction": "UNCHANGED",
      "answer": "guide ~$34.0B midpoint vs. cons $33.81B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 closings",
      "prediction": "UNCHANGED",
      "answer": "guide ~86,750 midpoint vs. cons 86,698",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "4Q26 revenue",
      "prediction": "UNCHANGED",
      "answer": "guide ~$10.25B midpoint vs. cons $10.18B",
      "confidence": "LOW"
    },
    {
      "kpi": "Incentives / margin commentary",
      "prediction": "UNKNOWN",
      "answer": "elevated but stable incentives; modest margin support",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 3.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 4.0,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "FOLLOW-THROUGH \u2014 modest upward revisions if FY framework holds",
  "day5_confidence": "MEDIUM"
}