- Cray (NASDAQ:CRAY) reports Q2 misses with revenue down 43% Y/Y. The company won't provide guidance or hold an earnings call due to the impending merger with HPE (NYSE:HPE).
- Q2 non-GAAP gross margin was 36% compared to the 32% in last year's quarter.
- Operating expenses totaled $57M compared to the $47M last year.
- Press release.