{
  "report_rows": [
    {
      "kpi": "Adjusted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$1.30 vs. cons $1.28",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Total postpaid phone net adds",
      "prediction": "BEAT",
      "answer": "pred ~+55K vs. cons ~+35K",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Consumer postpaid phone churn (lower=better)",
      "prediction": "BEAT",
      "answer": "pred ~0.85% vs. cons ~0.88%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY26 adjusted EPS growth",
      "prediction": "UNCHANGED",
      "answer": "guide reaffirm 5-6% growth (~$4.97) vs. cons ~$4.97 (FY26); Q2 momentum keeps a raise live",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 total/service revenue growth",
      "prediction": "UNCHANGED",
      "answer": "guide reaffirm 2-3% (~$93B) vs. cons ~$93B (FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 free cash flow",
      "prediction": "UNCHANGED",
      "answer": "guide reaffirm $21.5B+ vs. cons ~$21.5B (FY26)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 2.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 1.2,
  "day5_path": "FADE",
  "day5_rationale": "A solid EPS/EBITDA beat plus durable positive phone adds and churn holding near/below 0.85% should trigger a relief pop day-1, amplified by defensive/yield rotation within telecom after TMUS cratered ~11% on 7/23 and with VZ already de-rated from June highs (~$48 to ~$44). But guidance is most likely reaffirmed rather than raised, so out-period consensus does not ratchet meaningfully higher; combined with a sharpened AT&T, fragile sector sentiment, and a well-owned consensus long, follow-through is limited and part of the day-1 move fades over the week. The ~6.5% dividend yield floors the give-back, so it fades rather than fully reverses.",
  "day5_confidence": "MEDIUM"
}