Record results for National Instruments

Share this on social media:

National Instruments has announced a first-quarter revenue of $286 million – a record for the company and a 10 per cent increase on the same period last year.

Orders were up eight per cent year-over-year, with the average order size reaching a new first-quarter record of $4,975. The company's orders under $20,000 declined by one per cent year-over-year; orders between $20,000 and $100,000 grew six per cent year-over-year; and orders above $100,000 grew 43 per cent.

Generally Accepted Accounting Principles (GAAP) net income was $19 million, with fully diluted earnings per share (EPS) of $0.15, and non-GAAP net income was $26 million, with non-GAAP fully diluted EPS of $0.21. The company's EPS was $0.03 below the midpoint of its guidance range due to a $0.01 per share loss on foreign exchange, primarily from the devaluation of the Japanese yen, and $0.02 per share as a result of expenses running ahead of plan.

GAAP gross margin increased to 75.5 per cent and non-GAAP gross margin reached 76.6 per cent, up sequentially from 75.2 and 76.0 per cent, respectively. The company's non-GAAP results exclude the impact of stock-based compensation, amortisation of acquisition-related intangibles, acquisition accounting for deferred revenue, acquisition-related adjustments and acquisition-related transaction costs.

Recent News

12 May 2021

Basler saw bookings up 27 per cent, but the company is 'suffering from the global shortage of semiconductor components'

07 May 2021

The company recorded $239m in revenue, which is also a 7 per cent increase over the fourth quarter of 2020

06 May 2021

The GTOF0503 sensor features a 5µm three-tap iToF pixel, incorporating an array with a resolution of 640 x 480 pixels

26 April 2021

Satellite Vu has raised a £3.6m seed round to launch a satellite constellation capable of imaging the thermal footprint of any building on the planet every 1 to 2 hours