{
  "report_rows": [
    {
      "kpi": "Adj. EPS (Q2'26)",
      "prediction": "BEAT",
      "answer": "pred ~$1.29 vs. cons ~$1.24",
      "confidence": "HIGH"
    },
    {
      "kpi": "Revenue (Q2'26)",
      "prediction": "BEAT",
      "answer": "pred ~$2.46B vs. cons ~$2.41B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adj. EBITDA / margin (Q2'26)",
      "prediction": "BEAT",
      "answer": "pred ~$785M / ~32.0% vs. cons ~$768M / ~31.9%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY26 Adj. EPS guide (raise)",
      "prediction": "BETTER",
      "answer": "guide ~$5.05 vs. cons ~$4.99 (FY26)",
      "confidence": "HIGH"
    },
    {
      "kpi": "FY26 Revenue guide (raise)",
      "prediction": "BETTER",
      "answer": "guide ~$9.78B vs. cons ~$9.70B (FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 Free Cash Flow guide",
      "prediction": "BETTER",
      "answer": "guide ~$1.80B vs. cons ~$1.76B (FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q3'26 Adj. EPS implied guide",
      "prediction": "BETTER",
      "answer": "guide ~$1.30 vs. cons ~$1.27 (Q3'26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "IGT/data-center 7th customer contract + capacity",
      "prediction": "UNKNOWN",
      "answer": "pred 7-of-7 signed, demand ~doubling 3-5yr vs. cons ~6-of-7 assumed (2026-2029)",
      "confidence": "LOW"
    },
    {
      "kpi": "Engine Products spares/margin durability",
      "prediction": "BETTER",
      "answer": "pred spares ~+30% YoY, EP margin ~36.5% vs. cons ~+22% / ~35.5% (Q2'26)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 2.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 0.5,
  "day5_path": "FADE",
  "day5_rationale": "Clean beat-and-raise is largely priced in at ~59x fwd EPS and all-time highs, so the initial pop is modest and prone to profit-taking. Out-period math: even a raised FY26 (~$5.05) leaves limited implied 2H upside vs. the strong 1H run-rate, and CAM interp/interest-expense optics plus rich valuation cap follow-through. Historical pattern (Q1: +6% day-1 then flat-to-fade over the next week) supports a partial fade back toward ~flat idiosyncratic by day 5 unless the IGT 7th-customer/2027 accretion narrative meaningfully surprises.",
  "day5_confidence": "LOW"
}