{
  "report_rows": [
    {
      "kpi": "Azure CC Growth (Q4 FY26)",
      "prediction": "BEAT",
      "answer": "pred ~41% vs. cons 39.7% (Visible Alpha, Jul 28 2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "Operating EPS (Q4 FY26)",
      "prediction": "BEAT",
      "answer": "pred ~$4.35 vs. cons $4.26 (Visible Alpha, Jul 28 2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "CapEx incl. leases (Q4 FY26)",
      "prediction": "BEAT",
      "answer": "pred ~$43-44B vs. cons $42.4B (Visible Alpha, Jul 28 2026) \u2014 above cons, negative signal",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Azure CC Growth (Q1 FY27)",
      "prediction": "BETTER",
      "answer": "guide ~40-42% vs. cons ~40.5% (Visible Alpha FY27 implied)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2027 Revenue/OI Growth",
      "prediction": "BETTER",
      "answer": "guide ~15%+ vs. cons ~14% implied (Visible Alpha, Jul 28 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "CapEx Q1 FY2027",
      "prediction": "UNCHANGED",
      "answer": "guide ~$44-46B vs. cons ~$46B (Visible Alpha FY27 implied)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -2.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -3.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "FOLLOW-THROUGH \u2014 CapEx overage drives modest sell-side estimate cuts; Azure beat partially absorbed but CapEx concern lingers into the week as models are revised",
  "day5_confidence": "MEDIUM"
}