{
  "report_rows": [
    {
      "kpi": "Q3 FY26 Revenue",
      "prediction": "BEAT",
      "answer": "pred ~$841M vs. cons ~$833M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q3 FY26 Non-GAAP EPS",
      "prediction": "BEAT",
      "answer": "pred ~$4.05 vs. cons ~$3.99",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q3 FY26 Non-GAAP Gross Margin",
      "prediction": "MISS",
      "answer": "pred ~79.3% vs. cons ~80.5%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Q4 FY26 Revenue Guidance",
      "prediction": "BETTER",
      "answer": "guide ~$865M vs. cons ~$857M (Q4 FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q4 FY26 Non-GAAP EPS Guidance",
      "prediction": "LOWER",
      "answer": "guide ~$3.95 vs. cons ~$4.15 (Q4 FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2027 Gross Margin Outlook Commentary",
      "prediction": "LOWER",
      "answer": "guide ~78.5% vs. cons ~80.0% (FY2027, reflecting memory/component cost headwind trough)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -2.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -3.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "Q3 headline revenue/EPS likely clear the elevated bar, but management is expected to reiterate that memory/component cost inflation hits 'full run rate' in Q4 and pressures FY27 gross margin (per analyst-day framing of a margin trough before recovering by FY29). With the stock up ~50%+ YTD and trading near average price targets, any confirmation of margin caution should trigger a negative initial reaction; as sell-side models get updated in the following days to reflect lower FY27 EPS off a still-solid revenue base, the downward estimate revisions (implicit cuts to out-period EPS) should extend rather than reverse the initial move, producing follow-through weakness over the next week rather than a snap-back.",
  "day5_confidence": "MEDIUM"
}