{
  "report_rows": [
    {
      "kpi": "Total Revenue",
      "prediction": "BEAT",
      "answer": "pred ~$11.5B vs. cons $11.3B",
      "confidence": "HIGH"
    },
    {
      "kpi": "Non-GAAP EPS",
      "prediction": "BEAT",
      "answer": "pred ~$1.68 vs. cons $1.61",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Data Center segment revenue",
      "prediction": "BEAT",
      "answer": "pred ~$6.6B vs. cons $6.4B",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Q2 Non-GAAP gross margin (reported)",
      "prediction": "UNCHANGED",
      "answer": "pred ~56% vs. cons 56% (Q2'26 reported)",
      "confidence": "HIGH"
    },
    {
      "kpi": "Q3'26 revenue guide",
      "prediction": "BETTER",
      "answer": "guide ~$13.0B vs. cons $12.6B (Q3'26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q3'26 Non-GAAP gross margin guide",
      "prediction": "LOWER",
      "answer": "guide ~55% vs. cons 56% (Q3'26, MI450 ramp dilution)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "2027 Data Center AI revenue framing",
      "prediction": "BETTER",
      "answer": "guide ~$30B+ vs. cons ~$25B (FY2027 'tens of billions')",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "2H'26 Gaming revenue",
      "prediction": "LOWER",
      "answer": "guide down >20% H/H vs. cons ~down 10% (2H'26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Server CPU YoY growth commentary",
      "prediction": "BETTER",
      "answer": "guide ~+70% YoY vs. cons ~+55% YoY (Q2'26)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 7.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 9.0,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "Stock derisked ~17% off June highs into the print (485 vs 580), so a likely beat-and-raise with reaffirmed/hiked 2027 'tens of billions' AI trajectory and +70% server-CPU narrative reignites momentum-buying rather than triggering fade, echoing the +18.6% Q1 reaction and continued drift higher. Out-period math is mixed \u2014 MI450 ramp is Q4 gross-margin dilutive (implicit near-term margin cuts) \u2014 which caps the extension and adds fade risk, but the escalating TAM/backlog (Anthropic 2GW, Meta 6GW, Core Scientific >$14B) drives net-positive 2H/2027 revenue revisions that carry the initial move forward modestly.",
  "day5_confidence": "LOW"
}