{
  "report_rows": [
    {
      "kpi": "Revenue (FQ4/Jun-26)",
      "prediction": "BEAT",
      "answer": "pred ~$6.78B vs. cons $6.67B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Non-GAAP EPS (FQ4/Jun-26)",
      "prediction": "BEAT",
      "answer": "pred ~$1.73 vs. cons $1.69",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Non-GAAP Gross Margin (FQ4/Jun-26)",
      "prediction": "IN-LINE",
      "answer": "pred ~50.7% vs. cons ~50.5%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "CSBG / Services revenue (FQ4)",
      "prediction": "BEAT",
      "answer": "pred ~$2.15B vs. cons ~$2.10B",
      "confidence": "LOW"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Revenue guide (FQ1/Sep-26)",
      "prediction": "BETTER",
      "answer": "guide ~$6.95B vs. cons ~$6.85B (Sep-26 qtr)",
      "confidence": "LOW"
    },
    {
      "kpi": "Non-GAAP EPS guide (FQ1/Sep-26)",
      "prediction": "BETTER",
      "answer": "guide ~$1.78 vs. cons ~$1.74 (Sep-26 qtr)",
      "confidence": "LOW"
    },
    {
      "kpi": "Gross margin guide (FQ1/Sep-26)",
      "prediction": "UNCHANGED",
      "answer": "guide ~50.5% vs. cons ~50.5% (Sep-26 qtr)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "2026 WFE view",
      "prediction": "BETTER",
      "answer": "guide ~$140B+ vs. cons ~$138B (CY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "2027 WFE / long-term model framing",
      "prediction": "UNKNOWN",
      "answer": "guide qualitatively constructive (~growth yr) vs. cons cautious (CY2027)",
      "confidence": "LOW"
    },
    {
      "kpi": "China % of revenue trajectory",
      "prediction": "LOWER",
      "answer": "guide China ~30% & declining vs. cons ~32% (Sep-26 qtr)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 3.5,
  "day1_confidence": "LOW",
  "day5_residual_pct": 1.0,
  "day5_path": "FADE",
  "day5_rationale": "A beat-and-raise into a ~38% drawdown likely sparks an oversold relief bounce day-1, but the out-period math works against durable follow-through: China guided down with down-payments at 4-yr lows and SK Hynix's ~47% rout keep memory-cycle fear alive, so implicit forward cuts and a broad AI/semis de-rating (AMAT/KLAC also cratering) drag the bounce back over the week unless a refreshed long-term model lands as a hard catalyst.",
  "day5_confidence": "LOW"
}