{
  "report_rows": [
    {
      "kpi": "Total revenue (Q2'26)",
      "prediction": "IN-LINE",
      "answer": "pred ~$1.10B vs. cons ~$1.09B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Non-GAAP EPS (Q2'26)",
      "prediction": "BEAT",
      "answer": "pred ~$1.62 vs. cons ~$1.58",
      "confidence": "LOW"
    },
    {
      "kpi": "Cloud Infrastructure Services (CIS) revenue",
      "prediction": "IN-LINE",
      "answer": "pred ~$103M vs. cons ~$100M",
      "confidence": "LOW"
    }
  ],
  "guide_rows": [
    {
      "kpi": "RPO / backlog step-up (Anthropic $1.8B deal recognition)",
      "prediction": "BETTER",
      "answer": "pred RPO ~$4.0B vs. prior ~$2.5B (as of Q2'26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q3'26 revenue guide",
      "prediction": "LOWER",
      "answer": "guide ~$1.10B vs. cons ~$1.12B (Q3'26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q3'26 non-GAAP EPS guide",
      "prediction": "LOWER",
      "answer": "guide ~$1.53 vs. cons ~$1.60 (Q3'26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 CIS constant-currency growth",
      "prediction": "UNCHANGED",
      "answer": "guide 'at least 50%' vs. cons ~50% (FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 CapEx / incremental GPU order",
      "prediction": "BETTER",
      "answer": "guide ~42%+ of rev / +~$250M order vs. cons ~40-41% (FY26/2H26)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": -2.5,
  "day1_confidence": "LOW",
  "day5_residual_pct": -4.0,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "In-line revenue with a deliberately guided-down EPS and rising CapEx pressures FCF; even if RPO builds, the out-period math (compressed ~26% margins, higher depreciation/GPU spend) forces implicit near-term estimate cuts. With the stock re-rated (+44% YTD) and a ~$158 target pricing in a lot of good news, a 'fine but no upside surprise' print risks a sell-the-news drift that continues lower over the week unless a materially upsized GPU order/2027 double-digit inflection is firmed up.",
  "day5_confidence": "LOW"
}