{
  "report_rows": [
    {
      "kpi": "Revenue (Q4 FY2026)",
      "prediction": "BEAT",
      "answer": "pred ~$3.60B vs. cons $3.502B",
      "confidence": "HIGH"
    },
    {
      "kpi": "Non-GAAP Gross Margin (Q4 FY2026)",
      "prediction": "BEAT",
      "answer": "pred ~51.5% vs. cons ~50.7% implied",
      "confidence": "HIGH"
    },
    {
      "kpi": "Non-GAAP EPS (Q4 FY2026)",
      "prediction": "BEAT",
      "answer": "pred ~$5.45 vs. cons $5.12",
      "confidence": "HIGH"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Revenue (Q1 FY2027)",
      "prediction": "UNCHANGED",
      "answer": "guide ~$3.75B vs. cons $3.773B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Non-GAAP EPS (Q1 FY2027)",
      "prediction": "UNCHANGED",
      "answer": "guide ~$5.90 vs. cons $5.887",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Gross Margin direction (Q1 FY2027)",
      "prediction": "UNCHANGED",
      "answer": "guide ~52% continuing to improve vs. ~52.5% implied",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2027 framework",
      "prediction": "UNCHANGED",
      "answer": "reiterate >=20% growth / $20B FY2028 target vs. $17.024B cons",
      "confidence": "HIGH"
    }
  ],
  "day1_residual_pct": -6.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -9.0,
  "day5_path": "FADE",
  "day5_rationale": "FADE \u2014 sell-side trims near-term estimates on in-line Q1 guide; limited incremental buyers after +41% pre-run; no new multiple expansion catalyst from FY2027 reaffirmation",
  "day5_confidence": "MEDIUM"
}