Corinne Blanchard
Deutsche Bank AG, Research Division

I think we can probably start as more people will join. We have about 20 minutes. So let's go fast actually.

Corinne Blanchard
Deutsche Bank AG, Research Division

Maybe let's just start. I mean, you had the 1Q this last week, so it's still very fresh, I think, on everyone's mind here. Maybe let's start with the European market view. We just had the fireside chat with Enphase touching base on that. I think you guys have very similar observation of the market in the last 2 months.

But can you talk about that inflection point that you have seen on the market? And how do you view that trend to further materialize? Maybe especially if the Middle East impact maybe fades away a little bit? Do you expect a sudden reversal of that enthusiasm in Europe? Or do you expect that to remain?

Yehoshua Nir
CEO & Director

Yes. Thank you for the question. So as we said in our earnings call, March, we've seen an increase in the activity, which was stronger than expected seasonality and the very same trend continued into April. And from what we could feel and what we hear from the channel in the last week since our earnings call, it continues to be the same.

And definitely, the geopolitical situation and the high energy prices are raising a short-term concern that does impact residential as well as C&I customers, and you can see an increase in demand. But our assumption is that this will continue.