{
  "report_rows": [
    {
      "kpi": "AFFO per share",
      "prediction": "BEAT",
      "answer": "pred ~$1.43 vs. cons $1.40",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Total revenue",
      "prediction": "BEAT",
      "answer": "pred ~$1.99B vs. cons $1.97B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted EBITDA",
      "prediction": "BEAT",
      "answer": "pred ~$726M vs. cons ~$715M",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY26 AFFO/share guidance (raise)",
      "prediction": "BETTER",
      "answer": "guide ~$5.84-5.92 vs. cons $5.82 (FY2026 midpoint)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 revenue guidance (raise)",
      "prediction": "BETTER",
      "answer": "guide ~$7.90-8.00B vs. cons ~$7.88B (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Data center new leasing target",
      "prediction": "BETTER",
      "answer": "guide ~55-65MW signed YTD / raise vs. ~100MW cons target (FY2026)",
      "confidence": "LOW"
    },
    {
      "kpi": "FY26 ALM revenue",
      "prediction": "BETTER",
      "answer": "guide ~$960M+ vs. cons ~$950M (FY2026)",
      "confidence": "LOW"
    },
    {
      "kpi": "Memory/component pricing trajectory",
      "prediction": "UNKNOWN",
      "answer": "commentary ~stable/firm vs. cons expects moderation (2H2026)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": 2.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 1.0,
  "day5_path": "FADE",
  "day5_rationale": "Beat-and-raise cadence (4 straight AFFO beats, Q1 rev +$80M vs guide) plus a likely second FY26 raise should drive a positive day-1 pop and modest upward revisions. But consensus already sits on guidance, positioning is crowded-bullish (Strong Buy, ~9/12 buys), the multiple is a premium ~21-22x AFFO with only ~6% to the ~$133 target, and the tougher Q2 storage revenue-management comp caps out-period math. So initial gains partially fade toward stabilization once the raise is digested, unless the data-center leasing update is a clear step-change catalyst.",
  "day5_confidence": "LOW"
}