{
  "report_rows": [
    {
      "kpi": "Q2 2026 Revenue",
      "prediction": "BEAT",
      "answer": "pred ~$1.98B vs. cons $1.94B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 2026 Adjusted EBITDA",
      "prediction": "BEAT",
      "answer": "pred ~$1.68B vs. cons $1.63B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 2026 EPS",
      "prediction": "BEAT",
      "answer": "pred ~$3.90 vs. cons $3.74",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Q3 2026 Revenue Guidance",
      "prediction": "BETTER",
      "answer": "guide ~$2.10B vs. cons ~$2.05B (Q3 2026)",
      "confidence": "LOW"
    },
    {
      "kpi": "Q3 2026 Adjusted EBITDA Margin Guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~84-85% vs. cons ~84.5% (Q3 2026)",
      "confidence": "LOW"
    },
    {
      "kpi": "Self-Serve Axon / Consumer Vertical Ramp Commentary",
      "prediction": "UNKNOWN",
      "answer": "guide ~mid-teens % of ad revenue run-rate vs. cons ~10-12% assumed contribution (Q3 2026 exit rate)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": 9.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 4.0,
  "day5_path": "FADE",
  "day5_rationale": "A likely clean beat-and-modest-raise triggers an initial short-covering/relief rally given how oversold and bearishly positioned the stock is into the print, but the self-serve Axon ramp is still nascent (partial-quarter contribution), management's own commentary flags a 'temporary' step-up in S&M/marketing spend tied to the global launch, and analysts will likely trim 2027 margin and growth assumptions even after a Q2/Q3 beat (implicit cuts embedded in updated models for opex tied to onboarding an unvetted global advertiser base). That out-period math \u2014 margin dilution risk, deceleration comps, and lingering SEC/insider-selling overhang \u2014 should pull part of the initial pop back over the following days, consistent with a fade rather than full follow-through.",
  "day5_confidence": "MEDIUM"
}