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29. 4. 2026.
When Two Loops Matter: Electroweak Precision in the SMEFT
We identify a novel next-to-leading order renormalization effect in the dimension-six SMEFT with direct phenomenological impact. The Higgs-Yukawa operator that modifies the top-Higgs coupling $\kappa_t$ induces a shift in the $ W $ mass at two-loop order through a large anomalous dimension, rendering electroweak precision observables a powerful indirect probe of $\kappa_t$. We show that this effect is essential for the consistent interpretation of data from future Tera-$Z$ and Giga-$W$ factories such as FCC-ee. The effect is realized in a simple renormalizable two-Higgs doublet model.