{
  "report_rows": [
    {
      "kpi": "Total Revenue",
      "prediction": "IN-LINE",
      "answer": "pred ~$1.095B vs. cons $1.090B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Non-GAAP EPS",
      "prediction": "MISS",
      "answer": "pred ~$1.53 vs. cons $1.58",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Cloud Infrastructure Services (CIS) Revenue",
      "prediction": "BEAT",
      "answer": "pred ~$112M vs. cons $105M",
      "confidence": "LOW"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Q3 2026 Revenue Guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$1.125B vs. cons $1.120B (Q3 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 Non-GAAP EPS Guidance",
      "prediction": "LOWER",
      "answer": "guide ~$6.25 vs. cons $6.35 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 CIS Revenue Growth (constant currency)",
      "prediction": "UNCHANGED",
      "answer": "guide ~50%+ vs. cons ~50% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q3 2026 Non-GAAP Operating Margin Guidance",
      "prediction": "LOWER",
      "answer": "guide ~25.5% vs. cons ~27% (Q3 2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -2.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -3.5,
  "day5_path": "FADE",
  "day5_rationale": "Revenue/CIS headline likely in-line-to-slight-beat and reinforces the AI-infra narrative, but the sharp CapEx step-up (~40% of revenue) and softer operating-margin/EPS guide push sell-side to trim FY26 EPS and margin estimates even after a top-line beat \u2014 classic implicit-cut math. With the stock already having round-tripped from $117 to $161 back to ~$122 on AI-capex jitters, any hint that the $1.8B contract ramp timing (Q4 revenue) or incremental GPU order isn't fully de-risked invites profit-taking into the print's initial pop, producing a fade over the following days as analysts reconcile higher capex/lower near-term margins against the longer-dated 2027 double-digit growth framing.",
  "day5_confidence": "MEDIUM"
}