National Instruments sees rise in Q3 revenue

Share this on social media:

National Instruments has announced Q3 revenue of $255 million, a quarterly record and a 16 per cent increase from Q3 2010. Non-GAAP revenue for Q3 was $271 million, up 23 per cent from Q3 2010. In Q3, the company's orders greater than $20,000 grew 31 per cent year-over-year, and the average order size reached an all-time record of approximately $4,600.

Net income for Q3 was $12.7 million, with fully diluted earnings per share (EPS) of $0.11, and non-GAAP net income was $31.0 million, with non-GAAP fully diluted EPS of $0.26.

'Over the last few years we have invested significantly in building out our capabilities to serve our larger customers, which enabled the significant progress we saw in Q3,' said Dr James Truchard, co-founder, president and CEO. 'This ability to grow our larger orders will be key to achieving our goal of $2 billion in revenue by 2016.'

NI expects revenue for Q4 to be between $280 million and $300 million, an increase of between 12 and 20 percent over Q4 2010.

Recent News

27 January 2021

Z-Laser will serve as the core and initial asset in Union Park Capital’s newly created holding company, Exaktera

27 January 2021

According to a new report from Yole Développement, the industrial camera market is predicted to grow from US$3.6bn in 2020 to US$5.5bn in 2026

25 January 2021

The new model has a quantum efficiency of 40 per cent from 170nm to 820nm, and is designed for applications such as semiconductor wafer inspection

19 January 2021

Mark Radford, LMI’s chief operating officer, will succeed Arden as CEO. Arden will continue on a part-time basis with LMI