{
  "report_rows": [
    {
      "kpi": "Revenue (FQ3 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$110.2B vs. cons $108.86B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "iPhone revenue (FQ3 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$53.8B vs. cons $53.0B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Gross margin (FQ3 2026)",
      "prediction": "IN-LINE",
      "answer": "pred ~48.4% vs. cons 48.2%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Revenue (FQ4 2026)",
      "prediction": "BETTER",
      "answer": "guide ~$116.2B vs. cons $115.78B (FQ4 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Gross margin (FQ4 2026)",
      "prediction": "LOWER",
      "answer": "guide ~47.2% midpoint vs. cons 47.7% (FQ4 2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -2.4,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -3.8,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "The likely FQ3 revenue and iPhone beats are offset by FQ4 gross-margin guidance ~50 bp below consensus; applying the lower margin to ~$116.2B of out-period revenue implies roughly ~$0.6B less gross profit than consensus, driving post-print EPS estimate cuts despite slightly better revenue guidance.",
  "day5_confidence": "MEDIUM"
}