{
  "report_rows": [
    {
      "kpi": "Adjusted EPS (ex-items), Q2'26",
      "prediction": "MISS",
      "answer": "pred ~$0.42 vs. cons ~$0.45",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Total Revenue, Q2'26",
      "prediction": "MISS",
      "answer": "pred ~$8.45B vs. cons ~$8.65B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted EBITDA margin, Q2'26",
      "prediction": "MISS",
      "answer": "pred ~19.3% vs. cons ~20.2%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Q3'26 sequential recovery / implied EPS (Middle East cadence)",
      "prediction": "LOWER",
      "answer": "guide ~$0.46-0.48 implied vs. cons ~$0.54 (Q3 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 capital returns to shareholders",
      "prediction": "UNCHANGED",
      "answer": "guide >$4.0B (incl. min $2.4B buyback) vs. cons ~$4.0B (FY2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "Data Center Solutions exit run-rate",
      "prediction": "UNCHANGED",
      "answer": "guide ~$1.0B exit run-rate vs. cons ~$1.0B (exit 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Digital full-year adjusted EBITDA margin",
      "prediction": "UNCHANGED",
      "answer": "guide >=35% vs. cons ~35% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 capital investment",
      "prediction": "UNCHANGED",
      "answer": "guide ~$2.5B vs. cons ~$2.5B (FY2026)",
      "confidence": "HIGH"
    }
  ],
  "day1_residual_pct": -2.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -4.5,
  "day5_path": "FADE",
  "day5_rationale": "Q2 tracked below the April 'mid-quarter easing' framework because the Middle East conflict re-escalated late in the quarter (crude >$100, stock already crushed from ~$58 to ~$47). A likely miss on EPS/revenue/margin plus a cautious, pushed-out Q3 recovery cadence forces analysts to cut out-period (Q3/H2) estimates even as management reaffirms capital returns and data-center/digital growth. Implicit downward revisions outweigh the bullish higher-oil sector narrative in the first week, so the initial drop grinds lower rather than reversing.",
  "day5_confidence": "LOW"
}