Mr. Wennink, can you give us a quick summary of the second quarter results? Yes, of course. Second quarter ended, EUR 5.4 billion in sales and about EUR 1.3 billion in Installed Base Management, which is slightly ahead of our guidance. We had gross margin coming in at 49.1%, which is a bit on the lower end of the guidance, just to do with the increased inflationary effects that we've seen. Net income EUR 1.4 billion, and very good order intake, EUR 8.5 billion of orders, which is a quarterly record. Now, all in all, I think a solid quarter. However, it was not without challenges, and mainly because of supply chain challenges, supply chain constraints, parts not coming in on time, but we managed the quarter. What's your guidance for the third quarter? Well, like I said, what we saw in the second quarter, which is basically an acceleration of supply chain constraints, is actually also happening in Q3, and I think it will happen throughout the remainder of the year, which will mean that in the third quarter, we will see more fast shipments than we planned. This shall also be true throughout the remainder of the year. Now we have to remind what a fast shipment is, and a fast shipment is in fact a way to reduce the cycle time by cutting or not doing certain tests in our factory, which could lead up to one month of cycle time reduction. Very important when the customers are waiting for those machines. We only do those tests at the customer site, and which means the revenue recognition will also move to that moment in time, which means, yes, we will have more fast shipments, so we'll have more deferred revenue than we anticipated. When we look at Q3 and look at the guidance of Q3, I would say that it's more or less in line with the guidance that we gave for Q2. It's between EUR 5.1 billion-EUR 5.4 billion of sales, between 49%-50% margin, and about EUR 1.4 billion of Installed Base Management. Are there then any changes to your view for 2022? Well, first of all, 2022, we have to put this into context. 2022, the demand is still significantly higher than what we can make. This is the situation that last quarter and is still the same, and we don't see any demand reduction. What we do see is, what I said earlier, is that, you know, shipments will be indeed later. We'll have more fast shipments, so we'll have revenue recognition delayed. Now, we said a quarter ago that the impact of those fast shipments, this revenue recognition delay, was going to be about EUR 1 billion for this year. Now, where we are today, we think it's going to be EUR 2.8 billion. We have about EUR 1.8 billion of more revenue recognition delays. Those delays, of course, translate into our 2022 sales number. Currently, we think sales will grow with about 10%, which if you do the math, would come around EUR 20.5 billion for 2022. Now, in summary, if you look at what we said a quarter ago and where we are today, a quarter ago, we said, sales going to grow with 20%, which will bring you to EUR 22.3 billion, but with EUR 1 billion of deferred revenue recognition because of fast shipments. Where we are now, we say, well, it's 10%, will bring you to EUR 20.5 billion with EUR 2.8 billion of deferred revenue because of fast shipments. When you look at the business volume or the shipment value, it's effectively these quarters are basically the same. Our guidance from that point of view has not changed. What does it all mean for the different business segments for the year? Well, when you look at EUV, we're shipping 55 systems. We said that before. However, because of those fast shipments and the revenue recognition delay, the deferred revenue, which, by the way, are 15 EUV systems, we are now looking at a booked revenue for EUV for 40 systems, which is about EUR 6.4 billion in sales. Now, on DUV, we see a significant number of DUV shipments, a significant increase as compared to last year. Also there, we are seeing the impact of these fast shipments. We think we'll end up around EUR 8.6 billion in sales for DUV, which is just over 15% increase as compared to last year, which by the way, previous quarter, we thought it was going to be 20%. On Installed Base Management, 10% growth as compared to last year, EUR 5.5 billion in total. Add up the EUR 6.4 for EUV, EUR 8.6 for DUV, EUR 5.5 for Installed Base Management, EUR 20.5 billion for 2022, which is about a 10% increase. We see an increase in deferred revenue. There are concerns around inflation. How does this all impact your gross margin for the year? Yeah. We started the year with a gross margin expectation of about 53%, and we corrected that in Q1 to with one percentage point about 52%, largely because of the unexpected increased inflationary effects. Where we are today, we see the following. Of course, most importantly, we are deferring EUR 1.8 billion more of revenue to 2023. Happens to be our higher margin Immersion and EUV systems. Now, next to that, we're starting our systems late because of the late delivery of parts, which means that we have fewer systems this year that can cover the fixed cost. It's fixed cost coverage. You have to remember that fixed costs are also going up because we are planning, and we will ship more systems next year, as we see it today. We need to invest. Last but not least, we see inflationary effects. I mean, we've seen an acceleration of inflationary pressure on labor, on freight, specifically, on parts. And all in all, if you then look at it, we expect that the gross margin for 2022 will end up between 49%-50%. Now, having said that, of course, we're in discussion today with our ecosystem partners, our suppliers, and our customers, to see how we can basically fairly share the burden of all these cost increases. You know, looking at it, I think it's really when you look at 2022 and look at the lower guidance on gross margin, it's driven by these short-term effects. It's inflationary effects that we didn't plan for. It's the supply chain challenges that led to deferred revenue. It's all shorter term. Of course, we're in discussion with our customers to see how we can fairly share this. I think longer term, there is no reason whatsoever we see currently to change our ambition for our gross margin targets around 2025, which is between 54%-56%. Let's have a look at the market. What's your current view on the market, both in the near term and the longer term? Yeah, a good question. I think near term, clearly we see a very mixed messages coming out of the customer base. With respect to consumer-related products, we clearly see a slowdown, particularly in PCs and in smartphones. On the other hand, in the industrial space, when you talk about high-performance compute, you talk about automotive, the demand is still very strong. I think it's also evidenced by the utilization rates of our machines that are in the installed base, which are at a historical high, and it's still the case today. We're also seeing across different semiconductor nodes, inventories going up towards, let's say, pre-COVID type levels. Mm-hmm. That's pretty broad-based. All in all, it's a bit of a mixed picture, shorter term. Longer term, I think there is no denying that the digital transition that's taking place will continue. We see it very clearly in automotive. You know, in talking to customers and customers' customers, we see a quadrupling or a quintupling of the semiconductor content. Lately, our customers are talking about the energy transition. You know, the renewable energy transition, which is very topical these days, will require semiconductors for wind and for solar and for the smart grid. On top of that, we see the Internet of Everything. Everything that we've seen in terms of sensors and actuators needing semiconductors, it's happening, will not go away. On top of that, more energy efficient, high-performance compute need more transistors, so the die are getting larger. We're needing more extra wafers. The geopolitical situation, the technological sovereignty that countries are, you know, after is driving these big investment and subsidy programs. We also, I think that, if we look at the announcements, the competition in the foundry space will also go up. All in all, longer term, a very healthy and unabated, you know, views. A good and very healthy growth. Shorter term, mixed signals. What does this all mean for the demand for your products this year, next year? Well, let me first of all say that, when we look at 2022 and 2023, you look at the order intake. EUR 8.5 billion of order intake, which is a quarterly historical high. Very engaged order discussions with our customers this quarter. We see a backlog of over EUR 33 billion. I think that looks very healthy. Now having said that, I think for 2022, we are of course not blind for anything that we hear with respect to inflationary pressures, probably recessionary concerns. For 2022, I don't think it will have any real effect in terms of our shipments. For 2023, you really have to ask the question, you know, what kind of recession are you looking at? If it's a moderate recession, I think the impact will be very limited for a simple reason that we have such a big backlog that our customers are coming to us and saying, "Listen, if we see a slowdown, sure. But one thing is certain, we want your machines." That's logical. Those machines are very critical. Long lead time. You have to remember that of our backlog, 85% is for advanced semiconductor manufacturing, high-end Immersion, and EUV. Now, of the remaining 15%, mature technology also needed for advanced production. I think all in all, pretty healthy. For 2023, you know, if we see the supply chain constraints going away by the end of the year, which we're planning for, or even if it's the first part of 2023, we will definitely need our capacity that we are planning, which is over 60%, 60 EUV systems and over 375 DUV systems. With this potential risk of a moderate recession, we will need that capacity, because our customers tell us. It's going to be a good and a healthy year. Yes. Anyhow, strong demand. Do you expect that strong demand to continue beyond 2023? Yeah, absolutely. I think, you know, I talked about the big secular trends. You know, these are the longer term trends, and semiconductors are everywhere, and it's also obvious that big societal challenges need big solutions, and semiconductors go to the heart of those. I say, yes, semiconductors will grow, semiconductor industry will grow, litho intensity will increase. As a matter of fact, if we look at that, we are going to repeat what we said a quarter ago, that we do need structurally more capacity. As we said, you know, by 2025, we want to have a built capacity for EUV of 90 systems and DUV of 600 systems. Beyond 2025, we want to build at least 20 High NA systems. I think that is still very much intact, and we're working with our suppliers to get it done. Now, clearly, we will go into some more detail on those capacity numbers and on the drivers for those capacity numbers during our Investor Day, which is on November 11th of this year. Can you give us an update on your plans for the use of cash? Yes. I think the future is very bright, so our cash generation will be quite significant. First of all, like we've always done, we will use the cash first to run our business. Secondly, then we will pay a dividend, which is going to be an increasing dividend. By the way, we've decided to move from a semiannual dividend to a quarterly dividend, where we're starting in Q3, an interim dividend for the first time this quarter. You know, any excess cash we will use for share buybacks as we have done in the past, so no change to our policy. How would you all summarize this? Well, if you look at the big picture, you have to really make a distinction between the short-term issues and the long-term issues. You know, short-term, there's no denial that, you know, there are concerns. There are inflationary concerns, recessionary concerns. As it relates to ASML, we have supply chain constraints that leads to fast shipments and deferral of revenue recognition. We'll deal with that. Also short-term, we look at an order backlog which is very strong. We look at customer demand for 2022 and 2023 that is unabated, which can withstand any moderate recession in our opinion. Of course, we have the longer term trends. I think the longer term trends are, like I said earlier, unabated. I mean, it's obvious that the digital transformation will continue and will provide a very healthy growth profile for the company going forward with us and with our customers. Of course, we'll go into more detail. You know, we'll go into more detail in November 11th. I said it before. We will definitely share with our stakeholders and with our investors our views as to the drivers and to the capacity needs for this industry and for ASML specifically. We're looking forward to that.