The 45th Conference on Stochastic Processes and their Applications was held in Ithaca, New York, June 14–20. The program featured a Medallion lecture by Philip Ernst, the Schramm lecture by Roland Bauerschmidt, and the Doob lecture by Timo Seppäläinen. Ofer Zeitouni, professor at the Weizmann Institute of Science and NYU Courant Institute, was awarded the 2026 Paul Lévy Prize in Probability Theory during the conference. For more on the Lévy Prize see https://www.polytechnique.edu/en/press-room/press-releases/mathematician-ofer-zeitouni-professor-weizmann-institute-science-and-nyu-courant-institute-awarded.