{
  "report_rows": [
    {
      "kpi": "Q2 2026 revenue",
      "prediction": "BEAT",
      "answer": "pred ~$1.065B vs. cons $1.052B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 2026 clear-aligner shipments",
      "prediction": "BEAT",
      "answer": "pred ~703K vs. cons 695K",
      "confidence": "LOW"
    },
    {
      "kpi": "Q2 2026 non-GAAP operating margin",
      "prediction": "BEAT",
      "answer": "pred ~22.0% vs. cons 21.5%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Q3 2026 revenue",
      "prediction": "LOWER",
      "answer": "guide ~$1.015B vs. cons $1.025B (Q3 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Full-year revenue growth",
      "prediction": "UNCHANGED",
      "answer": "guide ~3.5% vs. cons 3.5% (FY2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "Full-year non-GAAP operating margin",
      "prediction": "UNCHANGED",
      "answer": "guide ~23.7% vs. cons 23.7% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Full-year clear-aligner volume growth",
      "prediction": "UNCHANGED",
      "answer": "guide ~5.5% vs. cons 5.5% (FY2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -2.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -1.5,
  "day5_path": "STABILIZE",
  "day5_rationale": "A modest Q2 beat is likely overshadowed initially by Q3 revenue guidance roughly $10M below consensus and continued North America caution. The unchanged FY2026 revenue and margin outlook limits full-year estimate cuts, allowing the initial selloff to stabilize rather than produce sustained negative follow-through.",
  "day5_confidence": "MEDIUM"
}