{
  "report_rows": [
    {
      "kpi": "Q2 2026 revenue",
      "prediction": "BEAT",
      "answer": "pred ~$60.85B vs. cons $60.19B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 2026 diluted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$7.34 vs. cons $7.23",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 2026 operating margin",
      "prediction": "IN-LINE",
      "answer": "pred ~41.7% vs. cons 41.44%",
      "confidence": "LOW"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Q3 2026 revenue guidance midpoint",
      "prediction": "BETTER",
      "answer": "guide ~$62.5B vs. cons $62.0B (Q3 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 capital expenditures midpoint",
      "prediction": "LOWER",
      "answer": "guide ~$140B vs. cons $135B (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 total expenses midpoint",
      "prediction": "UNCHANGED",
      "answer": "guide ~$165.5B vs. cons $165.5B (FY2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -3.8,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -5.6,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "A modest operating beat and ~0.8% Q3 revenue-guide upside are outweighed by FY2026 capex rising to ~$140B versus ~$135B consensus. Higher infrastructure commitments imply greater 2027 depreciation, financing costs and free-cash-flow pressure, driving out-period estimate cuts after the initial report.",
  "day5_confidence": "MEDIUM"
}