{
  "report_rows": [
    {
      "kpi": "Fiscal Q1 2027 revenue",
      "prediction": "BEAT",
      "answer": "pred ~$1.90B vs. cons $1.86B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Fiscal Q1 2027 adjusted gross margin",
      "prediction": "BEAT",
      "answer": "pred ~74.1% vs. cons 73.25%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Fiscal Q1 2027 adjusted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$4.52 vs. cons $4.29",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Constant-currency revenue growth",
      "prediction": "BETTER",
      "answer": "guide ~5.0%-6.0% vs. cons 5.2% (FY2027)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Constant-currency operating-margin expansion",
      "prediction": "LOWER",
      "answer": "guide ~40-60 bps vs. cons 65 bps (FY2027)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Constant-currency revenue growth",
      "prediction": "LOWER",
      "answer": "guide ~3%-5% vs. cons 5.0% (Fiscal Q2 2027)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": -2.8,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -4.6,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "A strong Q1 beat is likely overshadowed by an unchanged ~40-60 bps FY2027 operating-margin guide versus 65 bps consensus; after an estimated ~180 bps Q1 gross-margin expansion versus ~95 bps consensus, the unchanged annual range implicitly lowers margin expectations for Q2-Q4 as newer tariffs flow through inventory, driving estimate cuts after the initial print.",
  "day5_confidence": "MEDIUM"
}