Cray Inc. provided earnings guidance for the year 2012 and 2013. Based on preliminary results, total revenue for 2012 is expected to be about $420 million, of which less than $1 million is attributable to the acquisition of Appro International Inc. For 2012, gross margins are expected to be approximately 36%, slightly higher than previously provided guidance. Based on these preliminary results, the company expects to be solidly profitable for 2012, independent of the $139 million pre-tax gain on the development program divestiture completed during the second quarter.

While a wide range of results remains possible for 2013, the company now expects 2013 revenue to be about $500 million. Revenue is expected to ramp during 2013 with about $60 million in the first quarter and roughly 45% of the annual revenue expected in the fourth quarter. Gross margins for 2013 are anticipated to be in the mid-30% range. Based on this outlook, the company expects to be profitable for 2013.