{
  "report_rows": [
    {
      "kpi": "Subscription revenue",
      "prediction": "IN-LINE",
      "answer": "pred ~$3.84B vs. cons $3.82B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "cRPO constant-currency growth",
      "prediction": "BEAT",
      "answer": "pred ~20.5% vs. cons 19.7%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Non-GAAP operating margin",
      "prediction": "BEAT",
      "answer": "pred ~27.1% vs. cons 26.7%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY26 subscription revenue",
      "prediction": "LOWER",
      "answer": "guide ~$15.80B vs. cons $15.84B (FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q3 cRPO constant-currency growth",
      "prediction": "LOWER",
      "answer": "guide ~19.0% vs. cons 19.6% (Q3 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 non-GAAP operating margin",
      "prediction": "BETTER",
      "answer": "guide ~31.7% vs. cons 31.5% (FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 Now Assist AI ACV target",
      "prediction": "UNCHANGED",
      "answer": "guide ~$1.50B vs. cons $1.50B (FY26)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -3.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -5.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "A cRPO and margin beat is likely to be outweighed by ~0.6-point-lower Q3 cRPO guidance and FY26 subscription revenue guidance of ~$15.80B versus ~$15.84B consensus; that implies modest out-period estimate cuts despite the quarterly beat.",
  "day5_confidence": "MEDIUM"
}