{
  "report_rows": [
    {
      "kpi": "Net sales (Q3 FY26)",
      "prediction": "BEAT",
      "answer": "pred ~$5.05B vs. cons $5.00B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted EPS (Q3 FY26)",
      "prediction": "BEAT",
      "answer": "pred ~$2.87 vs. cons $2.84",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted operating margin (Q3 FY26)",
      "prediction": "IN-LINE",
      "answer": "pred ~22.0% vs. cons 21.9%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Q4 FY26 net sales guide",
      "prediction": "BETTER",
      "answer": "guide ~$5.15B vs. cons ~$5.05B (Q4 FY26)",
      "confidence": "LOW"
    },
    {
      "kpi": "Q4 FY26 adjusted EPS guide",
      "prediction": "BETTER",
      "answer": "guide ~$2.95 vs. cons ~$2.90 (Q4 FY26)",
      "confidence": "LOW"
    },
    {
      "kpi": "FY26 AI/DDN revenue outlook",
      "prediction": "BETTER",
      "answer": "guide ~$2.5B vs. cons/prior guide $2.4B (FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Order momentum / book-to-bill commentary",
      "prediction": "LOWER",
      "answer": "guide/implied book-to-bill ~1.05x vs. prior record 1.12x (Q3 FY26)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": -3.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -5.0,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "Stock ran up ~3% into the print on sector-wide AI-capex euphoria (ASML raise, AMD/MSFT deal, TSM price hikes) with no TEL-specific catalyst, front-loading optimism. Q3 results/guide are already well-telegraphed (in line with TE's own April guide), so an in-line-to-modest beat is unlikely to justify the pre-print pop; any sign that DDN/AI revenue conversion (vs. orders) is still lumpy, orders decelerate off the record $5.3B base, or margin commentary flags continued tariff/input-cost pressure will look like the April 22 'beat-and-drop' repeat, where the stock kept sliding for ~5 trading days after the print (from ~$221 to ~$204) as sell-side trimmed FY26/FY27 DDN and margin estimates despite the headline beat. Absent a decisively raised AI/DDN outlook or a big order re-acceleration, out-period estimate cuts (Q4/FY27) are more likely than upward revisions, arguing for follow-through weakness rather than a snapback.",
  "day5_confidence": "LOW"
}