Battery widget shows Apple Watch as yellow for a moment even when Low Power Mode is off

Not sure if this is a bug, but after updating my Iphone ( 14 Pro Max) to IOS 26) and Apple Watch (Series 8) to the latest WatchOS, the Battery widget on my IPhone keeps flashing yellow for my Watch Battery - as if Low Power Mode is on.

• Low Power Mode is definitely OFF on the Watch when I check
• The icon only turns yellow for a few seconds/minutes, then goes back to green
• Seems to happen after reconnecting / charging / syncing
• Never happened before the update

Looks like just a glitch, but figured I'd report it in case others are seeing it too.