{
  "report_rows": [
    {
      "kpi": "Q3 FY26 Revenue",
      "prediction": "BEAT",
      "answer": "pred ~$935M vs. cons ~$922M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q3 FY26 Non-GAAP EPS",
      "prediction": "BEAT",
      "answer": "pred ~$1.07 vs. cons ~$1.03",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q3 FY26 Non-GAAP Gross Margin",
      "prediction": "IN-LINE",
      "answer": "pred ~44.8% vs. cons ~45.0%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Q4 FY26 Revenue Guide",
      "prediction": "BETTER",
      "answer": "guide ~$1.06B vs. cons ~$1.05B (Q4 FY2026, Sept quarter)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q4 FY26 Non-GAAP EPS Guide",
      "prediction": "BETTER",
      "answer": "guide ~$1.38 vs. cons ~$1.35 (Q4 FY2026, Sept quarter)",
      "confidence": "LOW"
    },
    {
      "kpi": "Qorvo Merger Close Timing Commentary",
      "prediction": "UNCHANGED",
      "answer": "guide ~early 2027 formal close vs. cons/street hope of late 2026 close (regulatory update for Q4 FY26/early CY2027)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": 5.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 2.0,
  "day5_path": "FADE",
  "day5_rationale": "Stock is deeply oversold (-25% in a month) heading into the print, so a modest beat plus a Q4 guide that's merely in-line-to-slightly-better than the depressed consensus should spark a sharp relief rally on day 1. But the underlying bear thesis (flat mobile content at the top customer, KeyBanc's smartphone-cycle caution, and no concrete resolution on Qorvo's FTC Second Request/SAMR Phase 2 timeline) isn't resolved by one quarter's numbers. Analysts are likely to leave FY27 mobile-content and merger-synergy assumptions largely unchanged even after a beat, meaning out-period estimate revisions stay muted; some of the initial short-covering/relief-rally gains should fade over the following days as the market re-focuses on secular mobile growth concerns and lack of merger-timeline clarity.",
  "day5_confidence": "LOW"
}