{
  "report_rows": [
    {
      "kpi": "Revenue (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$2.94B vs. cons $2.828B",
      "confidence": "HIGH"
    },
    {
      "kpi": "Non-GAAP EPS (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$0.94 vs. cons $0.89",
      "confidence": "HIGH"
    },
    {
      "kpi": "Non-GAAP Gross Margin (Q2 2026)",
      "prediction": "MISS",
      "answer": "pred ~62.5% vs. cons ~63.8%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 Revenue Guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$11.5B vs. cons $11.55B (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 AI Fabric Revenue Target",
      "prediction": "UNCHANGED",
      "answer": "guide ~$3.5B vs. cons $3.5B (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q3 2026 Revenue Guidance",
      "prediction": "BETTER",
      "answer": "guide ~$2.95B vs. cons $2.90B (Q3 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 Non-GAAP Gross Margin Range",
      "prediction": "LOWER",
      "answer": "guide ~61-63% vs. cons 62-64% (FY2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -4.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -7.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "Setup mirrors Q1: stock rallied ~40% into the print on AI-capex euphoria, pricing in a beat, while memory/silicon cost inflation (DRAM spikes flagged by Micron/Amazon capex commentary) makes a gross-margin guide-down for FY26 (62-64% range narrowing toward the low end) likely even amid a top-line/EPS beat. Last quarter's near-identical dynamic (beat + margin concern) drove a -14% two-day drop that continued rather than reversed within the week as analysts cut FY26 EPS/margin estimates on the implicit cost read-through; expect a similar initial negative reaction to extend over 5 days as sell-side trims margin assumptions, even if revenue/AI-fabric targets are reaffirmed.",
  "day5_confidence": "MEDIUM"
}