{
  "report_rows": [
    {
      "kpi": "Total Revenue (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$2.63B vs. cons ~$2.595B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "AFFO per share (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$11.40 vs. cons ~$11.25",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Normalized/CC Recurring Revenue Growth YoY (Q2 2026)",
      "prediction": "IN-LINE",
      "answer": "pred ~10.8% vs. cons ~10.5%",
      "confidence": "LOW"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 Revenue Guidance",
      "prediction": "BETTER",
      "answer": "guide ~$10.24B (midpoint) vs. cons ~$10.19B (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 AFFO Guidance",
      "prediction": "BETTER",
      "answer": "guide ~$4.30B vs. cons ~$4.24B (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q3 2026 Revenue Guidance",
      "prediction": "BETTER",
      "answer": "guide ~$2.66B vs. cons ~$2.62B (Q3 2026)",
      "confidence": "LOW"
    },
    {
      "kpi": "FY2026 Churn Guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~2.0-2.5% vs. cons ~2.2% (FY2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 1.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 0.4,
  "day5_path": "FADE",
  "day5_rationale": "Headline Q2 beat is largely explained by the previously-flagged Hampton xScale lease timing shift (already embedded in guidance with no full-year impact), so the 'beat' is mechanically expected rather than organic upside. With FY2026 revenue/AFFO guidance left roughly unchanged (just reaffirmed/nudged), implied H2 organic growth must decelerate to hit the full-year bar, which typically triggers analysts trimming out-quarter (Q3/Q4) estimates even after a Q2 beat. Combined with ongoing AI-capex overbuild skepticism weighing on data-center/semis peers, an initial positive pop is likely to partially fade over the following days as the 'quality of beat' narrative sets in and sell-side models normalize for the pulled-forward revenue.",
  "day5_confidence": "MEDIUM"
}