{
  "report_rows": [
    {
      "kpi": "Adjusted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$3.35 vs. cons $3.13",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Total Revenue",
      "prediction": "MISS",
      "answer": "pred ~$45.6B vs. cons $46.56B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "North America EBIT-adjusted margin",
      "prediction": "MISS",
      "answer": "pred ~9.0% vs. cons ~9.6%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 EBIT-adjusted guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$14.5B (midpoint of $13.5-15.5B) vs. cons ~$14.5B (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 Adjusted EPS guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$12.50 (midpoint of $11.50-13.50) vs. cons ~$12.50 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 Digital/software revenue target",
      "prediction": "UNCHANGED",
      "answer": "guide ~$3.1B vs. cons ~$3.1B (FY2026)",
      "confidence": "LOW"
    },
    {
      "kpi": "Gross tariff cost outlook",
      "prediction": "UNCHANGED",
      "answer": "guide ~$3.0B (midpoint of $2.5-3.5B) vs. cons ~$3.0B (FY2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 2.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 0.5,
  "day5_path": "FADE",
  "day5_rationale": "GM's beat magnitude has decelerated each of the last three quarters (~+15% stock reaction in Q3'25, ~+9% in Q4'25, ~+5.5% in Q1'26), showing the market is increasingly pricing in outperformance ex-ante; with full-year EBIT-adjusted guidance likely held at $13.5-15.5B rather than raised again (tariff relief already captured in the Q1 update) and management flagging a truck-changeover volume headwind and continued EV-sourced unit declines for H2, sell-side is likely to trim back-half volume/mix assumptions even after a Q2 beat, causing an initial pop to fade over the week as analysts publish more conservative Q3/Q4 models.",
  "day5_confidence": "MEDIUM"
}