{
  "report_rows": [
    {
      "kpi": "Q2 Revenue",
      "prediction": "IN-LINE",
      "answer": "pred ~$20.23B vs. cons ~$20.2B",
      "confidence": "HIGH"
    },
    {
      "kpi": "Q2 Adjusted EPS",
      "prediction": "IN-LINE",
      "answer": "pred ~$7.59 (dil. $7.62) vs. cons ~$7.60",
      "confidence": "HIGH"
    },
    {
      "kpi": "Q2 Adjusted EBITDA",
      "prediction": "IN-LINE",
      "answer": "pred ~$4.03B vs. cons ~$4.03B",
      "confidence": "HIGH"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 Adjusted EPS guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$28.70-30.50 (mid $29.60) vs. cons ~$29.60 (FY2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "FY2026 Adjusted EBITDA guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$15.40-16.10B (mid $15.75B) vs. cons ~$15.75B (FY2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "FY2026 Revenue guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$77.0-79.5B (mid $78.25B) vs. cons ~$78.2B (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 ACA exchange headwind assumption",
      "prediction": "UNCHANGED",
      "answer": "guide ~$1.0-1.2B vs. cons ~$1.1B (FY2026, already reset 7/14)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "2027 annualized EPTC/exchange headwind (call commentary \u2014 swing factor)",
      "prediction": "UNKNOWN",
      "answer": "implied ~$1.5-2.0B annualized vs. cons ~$1.2B (FY2027)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 1.0,
  "day1_confidence": "LOW",
  "day5_residual_pct": -0.5,
  "day5_path": "STABILIZE",
  "day5_rationale": "All headline numbers and the FY26 guide cut were pre-announced 7/14 (stock -7% then +3.6% off the low into the print), so the call carries no new hard numbers \u2014 it is a pure narrative event. A modest day-1 relief tick is plausible as the flush is done, expectations are reset, and buybacks provide a floor. But the structural EPTC/uninsured overhang into 2027 and ongoing sector-wide estimate trims cap follow-through, while the completed flush limits further downside \u2014 net range-bound. Downside skew only if management previews a materially worse-than-feared 2027 exchange annualization.",
  "day5_confidence": "LOW"
}