{
  "report_rows": [
    {
      "kpi": "Revenue",
      "prediction": "IN-LINE",
      "answer": "pred ~$88.30B vs. cons $87.71B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Azure CC growth",
      "prediction": "BEAT",
      "answer": "pred ~40.2% vs. cons 39.73%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Capex incl. finance leases",
      "prediction": "BEAT",
      "answer": "pred ~$42.9B vs. cons $42.37B",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Q1 FY27 revenue",
      "prediction": "UNCHANGED",
      "answer": "guide midpoint ~$89.6B vs. cons $89.97B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q1 FY27 Azure CC growth",
      "prediction": "LOWER",
      "answer": "guide ~40.0% vs. cons 40.92%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Calendar-2026 CapEx",
      "prediction": "UNCHANGED",
      "answer": "reiterate roughly $190B vs. cons UNVERIFIED",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": -2.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -3.0,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "FOLLOW-THROUGH \u2014 lower Q1 Azure guide drives estimate pressure",
  "day5_confidence": "MEDIUM"
}