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National Instruments Corporation (NATI) is a pioneering entity in the field of engineering and scientific technology solutions, established in 1976. With a focus on accelerating productivity and fostering rapid innovation, NI provides powerful and flexible technology solutions that cater to a broad spectrum of industries including healthcare, automotive, consumer electronics, and particle physics. Headquartered in Austin, Texas, NI boasts approximately 6,400 employees and maintains direct operations in over 40 countries.
The company's integrated hardware and software platform is utilized by a diverse customer base of more than 35,000 companies worldwide. Prominent among NI's offerings is its off-the-shelf software, LabVIEW, and its modular, cost-effective hardware. NI's business model is robust, with no single industry accounting for more than 15 percent of its revenue, ensuring a balanced and diversified portfolio.
Recent achievements include significant advancements in their software and hardware capabilities, forging critical partnerships, and expanding their global reach. Financially, NI remains stable with consistent revenue streams from a wide range of sectors. The continuous innovation and commitment to solving major engineering challenges are key drivers of NI’s success.
For the latest updates and news about National Instruments Corporation, including performance, events, and other developments, visit our news section regularly.
D.A. Davidson acted as the exclusive financial advisor for NH Research (NHR) in its sale to NI (NATI), which closed on October 19, 2021. NHR, known for high power test applications in electric vehicles and batteries, enhances NI's portfolio in electrification and sustainable energy. This acquisition allows NI to optimize testing workflows and respond swiftly to market changes. The deal represents D.A. Davidson's continued success in the investment banking sector, having completed 14 advisory transactions since 2020, raising over $2 billion.
National Instruments Corporation (Nasdaq: NATI) reported record Q3 2021 GAAP revenue of $367 million, a 19% increase year over year. Orders surged 30% year over year, with geographical growth of 28% in the Americas, 39% in APAC, and 23% in EMEA. Non-GAAP diluted EPS rose 83% to $0.42. The company also announced the acquisition of NH Research, Inc., and plans to acquire Heinzinger GmbH's EV Systems business, enhancing its capabilities in electrification. Cash and short-term investments stood at $231 million. NI expects Q4 revenue between $385 million and $425 million.
NI (Nasdaq: NATI) announced its acquisition of NH Research, LLC, a leader in high power test applications, and a definitive agreement to purchase Heinzinger GmbH's EV Systems business. The transactions, which closed on October 19, 2021, and are expected to finalize in Q1 2022, will enhance NI's electrification and battery testing capabilities. The acquisitions are anticipated to contribute 3% to 4% of NI's total revenue in 2022 and will be accretive to earnings per share. Approximately 150 employees will join NI as part of these deals.
NI (NASDAQ: NATI) and S.E.A. have achieved OmniAir® certification for their SEA-NI V2X Bench Tester and V2X Sniffer, marking a significant milestone in C-V2X technology. These are the first modular test solutions for cellular-based vehicle-to-everything applications to gain this certification, which ensures compliance with industry standards. The certification supports advancements in vehicle safety through improved communication and decision-making. The SEA-NI V2X solutions enable OEMs and suppliers to validate C-V2X technology faster, thereby enhancing the development of connected vehicles.
NI (NASDAQ: NATI) announced the appointment of Thomas Benjamin as Executive Vice President and Chief Technology Officer, tasked with driving software-driven business models in the test and measurement market. He brings extensive experience from roles at SAP Ariba, General Electric, and Visa. Additionally, Scott Rust has been promoted to Executive Vice President of Platform & Products, leading global development teams. CEO Eric Starkloff emphasized the potential of this leadership duo to enhance customer value and innovation, aiming for significant growth opportunities in software and product analytics.
NI (Nasdaq: NATI) will host several significant events for the financial community, including the Q3 2021 earnings call on October 28, 2021, at 4:00 p.m. CT. Other key events include participation in the Baird Global Industrial Conference on November 9, 2021, Stifel's Virtual Midwest Growth Conference on November 11, 2021, and the Nasdaq 45th Investor Conference on November 30, 2021. Investors can access live webcasts for these events at ni.com/events.cfm.
NI (NASDAQ: NATI) has partnered with Foretellix to enhance the safety and reliability of advanced driver-assistance systems (ADAS) and autonomous vehicles (AVs). This collaboration aims to deliver integrated solutions that expedite the market readiness of autonomous driving systems while reducing development costs. Utilizing Foretellix's scenario generation platform alongside NI's hardware and software solutions, the partnership focuses on efficient test coverage and management of the extensive testing scenarios necessary for safe AV deployment. The initiative underscores a commitment to driving innovation in the automotive sector.
ESI Group announces the appointment of Francis Griffiths as Executive Vice President of Sales, effective October 1, 2021. With over 30 years of experience, he will lead the global sales strategy and oversee the sales organization during ESI's transformation. Griffiths, formerly of NI, is expected to drive growth in virtual prototyping and predictive modeling, enhancing productivity and lowering production costs across industries. His role aligns with ESI's upcoming 3-year plan, to be revealed on October 5, 2021.
NI (NASDAQ: NATI) has announced a collaboration with EA Elektro-Automatik to develop bidirectional power supplies for electric vehicle (EV) battery testing. This partnership aims to enhance efficiency and capacity in EV battery validation, addressing growing concerns over climate change as outlined in the U.N. 2021 Climate Report. By integrating EA's power supplies into NI's toolchain, engineers can optimize battery test workflows, leading to improved safety and performance. This initiative supports the acceleration of EV technologies toward achieving Zero Emissions goals.
NI (NASDAQ: NATI) has announced collaborations aimed at enhancing engineering and technology career pathways for Black and Latinx individuals in Central Texas. The company is donating $400,000 over four years to support the Austin Urban Technology Movement (AUTM) in workforce development. Additionally, a new NI Technical Scholar program will provide Austin Community College (ACC) students with a structured internship-to-employment route at NI. These initiatives are part of NI's commitment to invest $3.4 million globally in STEM education initiatives over the next four years.
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