{
  "report_rows": [
    {
      "kpi": "Revenue",
      "prediction": "BEAT",
      "answer": "pred ~$3.77B vs. cons $3.69B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Non-GAAP gross margin",
      "prediction": "BEAT",
      "answer": "pred ~52.5% vs. cons 51.7%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Non-GAAP EPS",
      "prediction": "BEAT",
      "answer": "pred ~$3.48 vs. cons $3.31",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2027 Q1 revenue guidance",
      "prediction": "LOWER",
      "answer": "guide ~$3.95B vs. cons $3.98B (FY2027 Q1)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2027 Q1 non-GAAP gross-margin guidance",
      "prediction": "BETTER",
      "answer": "guide ~53.0% vs. cons 52.8% (FY2027 Q1)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2027 Q1 non-GAAP EPS guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$3.73 vs. cons $3.73 (FY2027 Q1)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 4.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 6.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "Day-1 residual ~4.5% vs. S&P 500 beta-adjusted 0.0%; day-5 residual ~6.5% vs. S&P 500 beta-adjusted 0.0%. A revenue/EPS beat plus gross-margin expansion should support upward FY2027 margin and EPS revisions despite a slightly conservative Q1 revenue outlook, because the pricing, mix, and 40TB ePMR ramp commentary reinforces out-period earnings power.",
  "day5_confidence": "MEDIUM"
}