{
  "report_rows": [
    {
      "kpi": "Google Search & other revenue",
      "prediction": "BEAT",
      "answer": "pred ~$65.1B vs. cons $64.4B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Google Cloud revenue",
      "prediction": "IN-LINE",
      "answer": "pred ~$22.6B vs. cons $22.5B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Operating income",
      "prediction": "BEAT",
      "answer": "pred ~$41.1B vs. cons $40.4B",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Capital expenditures",
      "prediction": "UNCHANGED",
      "answer": "guide ~$185B vs. cons $185B (FY2026)",
      "confidence": "HIGH"
    }
  ],
  "day1_residual_pct": 2.2,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 1.0,
  "day5_path": "FADE",
  "day5_rationale": "Search and operating-profit upside should drive the initial gain, but FY2027 capex and depreciation revisions are likely to offset part of the beat as out-period EPS and free-cash-flow estimates move lower.",
  "day5_confidence": "MEDIUM"
}