{
  "report_rows": [
    {
      "kpi": "Revenue (FQ4'26, June qtr)",
      "prediction": "BEAT",
      "answer": "pred ~$3.66B vs. cons ~$3.60B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Non-GAAP EPS (FQ4'26)",
      "prediction": "BEAT",
      "answer": "pred ~$10.20 vs. cons ~$9.90",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Non-GAAP gross margin (FQ4'26)",
      "prediction": "IN-LINE",
      "answer": "pred ~62.1% vs. cons 61.75%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Revenue guide (FQ1'27, Sept qtr)",
      "prediction": "BETTER",
      "answer": "guide ~$3.85B vs. cons ~$3.75B (Sept-2026 qtr)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Non-GAAP EPS guide (FQ1'27)",
      "prediction": "BETTER",
      "answer": "guide ~$10.60 vs. cons ~$10.30 (Sept-2026 qtr)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "CY2027 growth framework (WFE/KLA yoy)",
      "prediction": "UNKNOWN",
      "answer": "guide ~'higher than CY26 high-teens' (i.e. >18%) vs. cons ~15% (CY2027)",
      "confidence": "LOW"
    },
    {
      "kpi": "CY2026 gross-margin anchor",
      "prediction": "UNCHANGED",
      "answer": "guide ~62% \u00b150bp vs. cons ~62% (CY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Advanced-packaging process-control revenue",
      "prediction": "BETTER",
      "answer": "guide ~$1.05B vs. cons ~$1.0B (CY2026)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": 3.0,
  "day1_confidence": "LOW",
  "day5_residual_pct": 4.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "Base case is a beat-and-raise into a stock that already gave back ~a third from its June-30 ($301.71) peak to $203.40, so positioning is de-risked. If the Sept-quarter guide confirms back-half CY26 acceleration and management reiterates/quantifies '2027 > 2026' plus another advanced-packaging up-revision, out-period estimates get revised UP, supporting follow-through. Risk is the nervous AI-capex/China-indigenization tape (TXN-style 'sell the beat'); given extreme realized vol (implied move ~8-10%) both magnitude and direction are low-confidence, and any hedged 2027/China language would flip this to a fade.",
  "day5_confidence": "LOW"
}