{
  "report_rows": [
    {
      "kpi": "Q2 2026 adjusted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$1.58 vs. cons $1.54",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 2026 Textron Aviation segment margin",
      "prediction": "BEAT",
      "answer": "pred ~11.2% vs. cons 11.0%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 2026 Bell segment margin",
      "prediction": "MISS",
      "answer": "pred ~7.7% vs. cons 7.9%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Adjusted EPS guidance",
      "prediction": "LOWER",
      "answer": "guide ~$6.50 midpoint vs. cons $6.60 (FY2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "Revenue guidance",
      "prediction": "LOWER",
      "answer": "guide ~$15.5B vs. cons $15.6B (FY2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "Manufacturing cash flow before pension contributions",
      "prediction": "UNCHANGED",
      "answer": "guide ~$750M midpoint vs. cons $750M (FY2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -2.3,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -3.6,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "A modest Q2 EPS beat of ~$1.58 vs. $1.54 consensus is outweighed by Bell margin pressure and an unchanged FY2026 EPS midpoint of ~$6.50 vs. $6.60 consensus. The resulting dependence on a strong second half, plus unresolved MV-75 funding and charge timing, should drive modest estimate reductions after the initial reaction.",
  "day5_confidence": "MEDIUM"
}