{
  "report_rows": [
    {
      "kpi": "Diluted EPS",
      "prediction": "MISS",
      "answer": "pred ~$4.12 vs. cons $4.34",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Shipbuilding operating margin",
      "prediction": "MISS",
      "answer": "pred ~5.5% vs. cons 5.8%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Free cash flow",
      "prediction": "MISS",
      "answer": "pred ~($135M) vs. cons ($20M)",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY26 free cash flow",
      "prediction": "LOWER",
      "answer": "guide ~$450M vs. cons $540M (FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 shipbuilding operating margin",
      "prediction": "LOWER",
      "answer": "guide ~5.5% vs. cons 5.9% (FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 shipbuilding revenue",
      "prediction": "UNCHANGED",
      "answer": "guide ~$9.8B vs. cons $9.8B (FY26)",
      "confidence": "HIGH"
    }
  ],
  "day1_residual_pct": -6.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -8.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "A modest EPS and shipbuilding-margin miss combined with a FY26 FCF-guide reduction would drive out-period EPS and cash-conversion estimate cuts; unchanged revenue would not offset weaker margin and working-capital math.",
  "day5_confidence": "MEDIUM"
}