{
  "report_rows": [
    {
      "kpi": "AWS revenue",
      "prediction": "BEAT",
      "answer": "pred ~$40.9B vs. cons $40.2B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Consolidated operating income",
      "prediction": "BEAT",
      "answer": "pred ~$22.8B vs. cons $22.3B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Net sales",
      "prediction": "IN-LINE",
      "answer": "pred ~$198.0B vs. cons $197.4B",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Q3 net-sales guidance midpoint",
      "prediction": "LOWER",
      "answer": "guide ~$210.0B vs. cons $212.0B (Q3 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q3 operating-income guidance midpoint",
      "prediction": "LOWER",
      "answer": "guide ~$22.5B vs. cons $23.8B (Q3 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Full-year capital-expenditure outlook",
      "prediction": "LOWER",
      "answer": "guide ~$210B vs. cons $203B (FY 2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -4.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -6.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "The likely AWS and operating-income beat is outweighed by implied Q3 operating-profit dilution and a ~$210B FY2026 capex framework versus ~$203B expected, pulling out-period free-cash-flow and earnings estimates lower.",
  "day5_confidence": "MEDIUM"
}