{
  "report_rows": [
    {
      "kpi": "Adjusted EPS (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$6.45 vs. cons $6.20",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Total revenue (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$19.6B vs. cons $19.2B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Power & Energy segment sales (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$7.3B vs. cons ~$7.0B",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Total backlog (end-Q2 2026)",
      "prediction": "BETTER",
      "answer": "guide ~$66B vs. cons ~$63B (Q2-end, vs Q1 record $63B)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 sales growth outlook",
      "prediction": "BETTER",
      "answer": "guide ~low-double-digit ~11% vs. cons ~10% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 tariff cost headwind",
      "prediction": "UNCHANGED",
      "answer": "guide ~$700M vs. cons ~$700M (Q2 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Resource Industries segment margin",
      "prediction": "LOWER",
      "answer": "guide ~10-11% vs. cons ~12% (Q2 2026, down Y/Y)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "ME&T free cash flow",
      "prediction": "BETTER",
      "answer": "guide >$9.5B vs. cons ~$9.5B (FY2026)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": 3.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 1.5,
  "day5_path": "FADE",
  "day5_rationale": "Expect a relief rally on day 1: EPS/revenue beat plus a continued backlog build off the record $63B and reassuring data-center commentary against cooled, post-22%-pullback expectations. But the stock still trades ~33x FY26 EPS with an active AI/data-center regulatory overhang (Baird cut to $900), CI dealer-inventory tailwind reversing, ~$700M tariff drag and lower RI margins. Out-period math is only modestly accretive \u2014 a beat doesn't push FY estimates up much once CI normalization and tariffs are baked in \u2014 so the initial pop partially fades as profit-taking and valuation skepticism reassert into day 5.",
  "day5_confidence": "LOW"
}