{
  "report_rows": [
    {
      "kpi": "Gross Margin (%)",
      "prediction": "BEAT",
      "answer": "pred ~48.4% vs. cons 47.97%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Services Revenue",
      "prediction": "BEAT",
      "answer": "pred ~$31.7B vs. cons $31.39B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "iPhone Revenue",
      "prediction": "BEAT",
      "answer": "pred ~$53.8B vs. cons $53.11B",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Q4 FY26 Revenue (Q4 FY26)",
      "prediction": "LOWER",
      "answer": "guide ~$114.3B midpoint vs. cons ~$120.5B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q4 FY26 Gross Margin (Q4 FY26)",
      "prediction": "LOWER",
      "answer": "guide ~47.5% midpoint vs. cons ~48.1%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Memory Cost Commentary (FY27 signal)",
      "prediction": "LOWER",
      "answer": "guide meaningful/material escalation vs. market pricing modest headwind",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "China / AI Tone (Qualitative)",
      "prediction": "BETTER",
      "answer": "guide constructive China + Siri AI ramp vs. cautious consensus",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -4.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -6.0,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "FOLLOW-THROUGH \u2014 Q4 guide miss drives sell-side cuts to Q4 and FY27 estimates over 3-5 days post-print; no stabilization catalyst until management provides more color on memory cost trajectory",
  "day5_confidence": "MEDIUM"
}