{
  "report_rows": [
    {
      "kpi": "Core EPS (Q2'26)",
      "prediction": "BEAT",
      "answer": "pred ~$0.78 vs. cons $0.76",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Optical Communications revenue (Q2'26)",
      "prediction": "BEAT",
      "answer": "pred ~$2.03B vs. cons $1.99B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Total core sales (Q2'26)",
      "prediction": "BEAT",
      "answer": "pred ~$4.70B vs. cons $4.63B",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Q3'26 core sales guide",
      "prediction": "BETTER",
      "answer": "guide ~$4.95B vs. cons $4.85B (Q3'26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q3'26 core EPS guide",
      "prediction": "BETTER",
      "answer": "guide ~$0.82-0.86 vs. cons $0.81 (Q3'26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Optical scale-up / co-packaged optics (Photonics) timing",
      "prediction": "UNKNOWN",
      "answer": "guide ~2028-2030 accel vs. cons hoping for 2027 pull-forward (2027-2030)",
      "confidence": "LOW"
    },
    {
      "kpi": "Solar wafer restart / H2 margin normalization",
      "prediction": "BETTER",
      "answer": "guide ~$0.07 drag fading in H2 vs. cons expecting lingering drag (H2'26)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": 5.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 6.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "Stock enters down ~44% from the June peak with froth already flushed, so the bar is reset. A clean beat-and-raise led by Optical (~$2.0B+) plus a Q3 guide that steps up as the solar drag rolls off should trigger a relief bounce, and sell-side (Oppenheimer $230, BofA $243) has framed the drop as an entry point, supporting positive follow-through. Tempered because the raise is modest and the biggest upside driver \u2014 scale-up/CPO \u2014 stays a 2028-2030 story, so out-period estimates barely move and AI-sentiment volatility caps the recovery.",
  "day5_confidence": "LOW"
}