{
  "report_rows": [
    {
      "kpi": "Revenue (Q4 FY2026)",
      "prediction": "BEAT",
      "answer": "pred ~$9.35B vs. cons $8.71B",
      "confidence": "HIGH"
    },
    {
      "kpi": "Non-GAAP Gross Margin % (Q4 FY2026)",
      "prediction": "BEAT",
      "answer": "pred ~81.5% vs. cons ~80.2%",
      "confidence": "HIGH"
    },
    {
      "kpi": "Cloud/Data Center Revenue (Q4 FY2026)",
      "prediction": "BEAT",
      "answer": "pred ~$3.15B vs. cons $2.66B",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Q1 FY2027 Revenue (quarter ending Sep-26)",
      "prediction": "LOWER",
      "answer": "guide ~$10-11B vs. cons UNVERIFIED (FY2027 $50.3B implies ~$12.6B/qtr avg)",
      "confidence": "LOW"
    },
    {
      "kpi": "NBM Bit Coverage FY2027 (qualitative)",
      "prediction": "BETTER",
      "answer": "guide >50% of FY2027 bits under contract vs. prior >1/3",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Data Center CY2026 Growth (qualitative)",
      "prediction": "BETTER",
      "answer": "raised to ~80%+ from mid-70s prior",
      "confidence": "HIGH"
    }
  ],
  "day1_residual_pct": -3.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -2.0,
  "day5_path": "STABILIZE",
  "day5_rationale": "STABILIZE - Q4 beat quality supports FY2027 estimates; Investor Day Aug 13 absorbs near-term guide disappointment; sell-side Q1 cuts are modest",
  "day5_confidence": "MEDIUM"
}