{
  "report_rows": [
    {
      "kpi": "Q2 Adjusted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$0.66 vs. cons $0.62",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 Total Revenue",
      "prediction": "BEAT",
      "answer": "pred ~$3.73B vs. cons $3.68B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 Adjusted EBITDA",
      "prediction": "BEAT",
      "answer": "pred ~$1.06B vs. cons $1.02B",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 Adjusted EPS guidance",
      "prediction": "BETTER",
      "answer": "guide raised to ~$2.42-2.50 (mid ~$2.46) vs. cons $2.46 (FY2026); prior $2.33-2.47",
      "confidence": "LOW"
    },
    {
      "kpi": "FY2026 Total Revenue guidance",
      "prediction": "BETTER",
      "answer": "guide raised to ~$14.7-15.0B (mid ~$14.80B) vs. cons $14.75B (FY2026); prior mid ~$14.70B",
      "confidence": "LOW"
    },
    {
      "kpi": "FY2026 Adjusted EBITDA guidance",
      "prediction": "BETTER",
      "answer": "guide raised to mid ~$4.35B vs. cons $4.30B (FY2026); prior mid ~$4.30B",
      "confidence": "LOW"
    },
    {
      "kpi": "Greater China operational growth",
      "prediction": "BETTER",
      "answer": "pred ~+12% YoY vs. cons/plan ~+6% (Q2/FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "New product revenue ramp",
      "prediction": "UNCHANGED",
      "answer": "pred ~$110M in Q2 tracking to ~$450-550M vs. cons ~$500M (FY2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 1.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 0.0,
  "day5_path": "FADE",
  "day5_rationale": "Beat is largely priced after a ~42% YTD run to 52-week highs; the swing factor is whether management raises vs. reaffirms FY guide. A modest/narrow raise (or reaffirm-only) with H2-weighted phasing means the implied 2H guide is effectively trimmed after the Q2 beat, so out-period estimate math caps upside and the initial pop fades back toward flat as the richly-valued, low-beta name digests limited fresh upside.",
  "day5_confidence": "LOW"
}