{
  "report_rows": [
    {
      "kpi": "SaaS revenue growth (Q2'26)",
      "prediction": "BEAT",
      "answer": "pred ~+22% / ~$231M vs. cons ~+21% / ~$229M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Total revenue (Q2'26)",
      "prediction": "IN-LINE",
      "answer": "pred ~$650M vs. cons ~$647M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Non-GAAP EPS (Q2'26)",
      "prediction": "BEAT",
      "answer": "pred ~$3.13 vs. cons ~$3.07",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY26 revenue guide",
      "prediction": "UNCHANGED",
      "answer": "guide ~$2.535-2.575B (mid ~$2.555B) vs. cons ~$2.56B (FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 non-GAAP EPS guide",
      "prediction": "BETTER",
      "answer": "guide ~$12.85-13.10 (mid ~$12.98) vs. cons ~$12.90 (FY26)",
      "confidence": "LOW"
    },
    {
      "kpi": "FY26 SaaS revenue growth guide",
      "prediction": "UNCHANGED",
      "answer": "guide ~20.5-22.5% vs. cons ~21.5% (FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 transaction revenue guide (Texas roll-off optics)",
      "prediction": "UNKNOWN",
      "answer": "guide ~+5-7% reported / ~+10-12% ex-Texas vs. cons ~+6% (FY26)",
      "confidence": "LOW"
    },
    {
      "kpi": "AI monetization / flip momentum commentary",
      "prediction": "UNKNOWN",
      "answer": "pred ~25 agents across ~100% flagships & 10-30% price uplift vs. cons/expectation ~modest, not yet a numbers needle-mover (FY26)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": -2.5,
  "day1_confidence": "LOW",
  "day5_residual_pct": -4.0,
  "day5_path": "FADE",
  "day5_rationale": "Stock ran +21% off June lows and +12% in the final 3 sessions on a software-rotation squeeze, not fundamentals, so a beat-and-reaffirm/modest-raise is largely priced in and invites sell-the-news. Out-period math is unfavorable: optically soft transaction line (Texas ~$36M roll-off), an explicitly H2-weighted EPS profile (~53% in H2) that limits near-term upward revisions, and AI still framed as not a near-term numbers driver. Absent fresh, quantified AI-monetization proof points, momentum longs de-risk and the residual fades further after day 1.",
  "day5_confidence": "LOW"
}