Timm Schulze-Melander

how should we think about SRAM SRAM at the edge, some of these different memory and what they could mean for your business

I think you also said that you already have royalty revenues associated with that

Can you maybe just talk about the shape of what that revenue opportunity looks like on a sort of 1-, 3- and 5-year view

Just maybe a bit more color on the royalty progression through calendar '25, if you could, please

is there anything that's sort of structurally changing in terms of the complexity of your client agreements

Can you maybe just talk a little bit more specifically about FY '26 and kind of what momentum

about installed base management. If I look at the 3Q guide, the full year guide, looks like there's about a EUR 400 million decline sequentially in the fourth quarter.

could you share what are the milestones that are still needed for your customers to cross before we can be more confident about when volume manufacturing begins

will we expect any of those tools to rev rec this year or is the High NA rev rec entirely 5000s?

in terms of the order backlog, could you give us some color what proportion is priced ex works? And maybe what proportion of the backlog is ASML responsible for custom fees, delivery duty paid, etc.?

could you just paint some color around to what extent that already bakes in high NA engagements or whether that would be an upside to your outlook for '26?

you talked about the service business basically being the sort of source potential tariff impact to margins

Could you just help us maybe with a bit of the gross profit bridge, pretty flat revenues but a really decent impact on gross margin?

Maybe you could just give us a little bit of color on the spares just kind of how that was tracking sequentially