{
  "report_rows": [
    {
      "kpi": "Net Revenue (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$2.51B vs. cons $2.437B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Gross Margin % (Q2 2026)",
      "prediction": "MISS",
      "answer": "pred ~54.2% vs. cons ~54.5% implied",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "EMEA Revenue (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$615M vs. cons $586M",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY 2026 Revenue tone (FY 2026)",
      "prediction": "UNCHANGED",
      "answer": "guide reaffirm ~$9.6B vs. cons $9.589B",
      "confidence": "HIGH"
    },
    {
      "kpi": "H2 Gross Margin trajectory (H2 2026)",
      "prediction": "BETTER",
      "answer": "guide rate of increase moderating vs. cons flat H2 margin",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "July 2026 sales read / Q3 proxy (Q3 2026)",
      "prediction": "BETTER",
      "answer": "guide ~+20-22% YoY vs. Q3 cons $2.446B (+11.3% YoY implied)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -1.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -0.5,
  "day5_path": "STABILIZE",
  "day5_rationale": "STABILIZE \u2014 split-adjusted trading begins Aug 11, providing a technical bid; revenue beat drives modest FY estimate revisions upward but margin miss caps recovery",
  "day5_confidence": "MEDIUM"
}