{
  "report_rows": [
    {
      "kpi": "Total Revenue (Q2'26)",
      "prediction": "BEAT",
      "answer": "pred ~$1.24B vs. cons $1.21B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Semiconductor Test Revenue (Q2'26)",
      "prediction": "BEAT",
      "answer": "pred ~$1.065B vs. cons $1.041B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Non-GAAP EPS (Q2'26)",
      "prediction": "BEAT",
      "answer": "pred ~$2.15 vs. cons $2.05",
      "confidence": "HIGH"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Q3 2026 Revenue Guide",
      "prediction": "BETTER",
      "answer": "guide ~$1.30B vs. cons ~$1.28B (Q3 2026)",
      "confidence": "LOW"
    },
    {
      "kpi": "Q3 2026 Gross Margin Guide",
      "prediction": "UNCHANGED",
      "answer": "guide ~58.5% vs. cons 58.5% (Q3 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 Revenue Target/Outlook Reaffirmation",
      "prediction": "BETTER",
      "answer": "guide/implied ~$4.90B vs. cons ~$4.75B (FY2026)",
      "confidence": "LOW"
    },
    {
      "kpi": "H2 Visibility / First-Half Revenue Mix Commentary",
      "prediction": "UNKNOWN",
      "answer": "mgmt likely reiterates ~55-60% H1 mix vs. prior firmer 60% point est. (FY2026)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": -3.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -6.0,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "Even with a likely headline beat (strong AI/memory demand, first merchant-GPU shipments), the Q1 precedent (blowout beat yet stock fell ~19% next day on H2 visibility/lumpiness concerns) plus an already-fragile tape (stock -31% off its June 30 peak on China lithography/CXMT and tariff overhangs) sets a very high bar. If Q3 guide/FY commentary again signals limited H2 visibility or reiterates rather than raises the long-term target model, analysts are likely to trim out-quarter (Q3/Q4) estimates on the implicit compare against the already-elevated full-year AI-ramp assumptions, causing the initial reaction (whichever direction) to extend over the week rather than mean-revert; unresolved macro/geopolitical chip-sector overhangs (independent of TER fundamentals) reinforce continuation over stabilization.",
  "day5_confidence": "LOW"
}