{
  "report_rows": [
    {
      "kpi": "Adj. EBITDA Margin (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~32.1% vs. cons 31.88%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "ES Revenue (Q2 2026)",
      "prediction": "MISS",
      "answer": "pred ~$440M vs. cons $446M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adj. EPS Diluted Operating (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$1.87 vs. cons $1.82",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Adj. EPS (FY 2026)",
      "prediction": "LOWER",
      "answer": "guide $7.10-$7.28 (reaffirm) vs. cons $7.30",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Revenue (FY 2026)",
      "prediction": "LOWER",
      "answer": "guide $16.85B-$17.15B (reaffirm) vs. cons $17.21B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adj. EBITDA (FY 2026)",
      "prediction": "LOWER",
      "answer": "guide $5.40B-$5.50B (reaffirm) vs. cons $5.53B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Qualitative: H2 volume flip (FY 2026)",
      "prediction": "UNCHANGED",
      "answer": "confirm on track, no pull-forward",
      "confidence": "HIGH"
    },
    {
      "kpi": "Qualitative: ES inflection (H2 2026)",
      "prediction": "UNCHANGED",
      "answer": "confirm H2 growth, cautious on Q3",
      "confidence": "HIGH"
    }
  ],
  "day1_residual_pct": -1.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -2.5,
  "day5_path": "FADE",
  "day5_rationale": "FADE - sell-side re-anchors Q3/Q4 to guide midpoint; implicit FY cut pulls estimates down modestly despite Q2 beat",
  "day5_confidence": "MEDIUM"
}