{
  "report_rows": [
    {
      "kpi": "Non-GAAP EPS (Q3 FY26)",
      "prediction": "BEAT",
      "answer": "pred ~$2.28 vs. cons $2.23",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Total revenue (Q3 FY26)",
      "prediction": "IN-LINE",
      "answer": "pred ~$9.75B vs. cons $9.69B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "QCT handset revenue (Q3 FY26)",
      "prediction": "MISS",
      "answer": "pred ~$4.75B vs. cons $4.90B",
      "confidence": "LOW"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Q4 FY26 revenue guide (midpoint)",
      "prediction": "LOWER",
      "answer": "guide ~$10.2B vs. cons $10.45B (Q4 FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q4 FY26 non-GAAP EPS guide (midpoint)",
      "prediction": "LOWER",
      "answer": "guide ~$2.45 vs. cons $2.52 (Q4 FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Automotive revenue guide",
      "prediction": "BETTER",
      "answer": "guide ~$1.50B (+~50% YoY) vs. cons ~$1.45B (Q4 FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Data center FY27 revenue target",
      "prediction": "UNCHANGED",
      "answer": "reaffirm ~$5.0B vs. Street ~$5.0B (FY27)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": -4.0,
  "day1_confidence": "LOW",
  "day5_residual_pct": -6.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "Even with a modest EPS beat and a 'controlled trough' June quarter, the out-period math is negative: a soft Q4 guide (Apple modem step-down largely offsetting the China Android recovery) plus memory-cost pressure lingering into FY27 drive downward estimate revisions. With the stock having already round-tripped its entire AI-driven rally, skepticism on the unproven $5B FY27 data-center target caps relief. Poor sentiment and downward EPS revisions extend the day-1 drop rather than reverse it; buyback support only cushions the slide.",
  "day5_confidence": "LOW"
}