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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.
National Instruments Corporation (Nasdaq: NATI) reported record Q2 2021 revenue of $347 million, a 15% year-over-year increase. The company saw a 33% rise in order value and geographic revenue growth across all regions: 11% in the Americas, 17% in APAC, and 19% in EMEA. GAAP net income was $17 million, with diluted EPS of $0.13, exceeding guidance. Non-GAAP diluted EPS was $0.35. NI plans Q3 revenue between $355 million to $385 million, indicating strong future growth prospects.
NI and Seagate Collaboration - NI (NASDAQ: NATI) and Seagate Technology (NASDAQ: STX) have launched a new collaboration to enhance data storage and transfer services for autonomous vehicles. This includes an innovative ADAS record offering that combines NI’s in-vehicle data logging systems with Seagate’s edge storage services. The partnership aims to reduce costs and optimize data handling, aligning with the growing data needs of autonomous vehicles.
NI (NASDAQ: NATI) announced new product advancements aimed at enhancing innovation in testing and validation, R&D, and design at the NI Connect event. Key updates include the SystemLink™ software interface to improve efficiency and resource utilization, LabVIEW 2021 for better interoperability with Python and MATLAB, and cost-effective PXI hardware. Additionally, NI is collaborating with Seagate for an advanced data storage solution for autonomous vehicles, alongside the launch of the Ettus USRP X410 software-defined radio platform to support 5G and 6G innovations.
NI (NASDAQ: NATI) has partnered with Austin FC, securing the NI Suite Level at Q2 Stadium for multiple years. The sponsorship includes entitlement rights to 27 private suites, enhancing the matchday experience for fans with an eco-friendly and tech-forward environment. NI will also sponsor the Standings and League Leaders feature, providing real-time player data insights. This partnership emphasizes both companies' commitment to community impact, sustainability, and innovation in Austin, reflecting shared values and long-term ambitions.
NI (NATI) has announced a collaboration with Thinkery and Boys & Girls Clubs of the Austin Area to develop the C.R.E.A.T.E. program, aimed at inspiring underrepresented youth in engineering. NI will invest $800,000 over the next four years to support this STEM initiative. The program will launch in the 2021–2022 school year and aims to engage youth through hands-on activities, fostering a diverse pipeline of future engineers.
NI (Nasdaq: NATI) will host a virtual investor conference on August 17, 2021, from 9:00 a.m. to 11:00 a.m. CT, with a livestream available at ni.com/nati. The conference will feature insights from NI's executive team on value creation, long-term growth strategy, and operational execution. Additionally, a Q2 2021 earnings conference call is scheduled for July 29, 2021, at 4:00 p.m. CT, accessible via www.ni.com/call.
NI (NASDAQ: NATI) will host NI Connect on July 27-28, a free virtual event focusing on innovations in test and data analytics. Attendees will hear from global innovators and preview NI's latest products aimed at enhancing performance. Industry experts will discuss trends in 6G, digital transformation, and autonomous systems. CEO Eric Starkloff emphasized the importance of leveraging real-world test data to boost product performance. The event will feature keynote sessions, product demos, and R&D discussions.
NI (NASDAQ: NATI) is expanding its global distribution channels as part of its omnichannel strategy aimed at supporting small-to-medium business (SMB) customers. This move allows NI to offer enhanced value and choice, connecting SMBs with established distributors and resources. The company aims for 16% of its suppliers to be small or diverse businesses by 2030, contributing positively to community development. In celebration of Small Business Month, NI is providing discounts on tools and hosting events for the SMB community, reinforcing its commitment to innovation and partnerships.
NI (Nasdaq: NATI) has acquired monoDrive, a leader in ultra-high fidelity simulation software for advanced driver-assistance systems (ADAS) and autonomous vehicle development. This acquisition enhances NI's position in the ADAS market, aiming to streamline the development and testing of safe autonomous systems. monoDrive's expertise in signal processing will facilitate the transition between simulation and physical testing environments. Additionally, NI announced a collaboration with Ansys to improve sensor validation processes, ultimately accelerating the deployment of safer vehicles.
NI (Nasdaq: NATI) reported Q1 2021 revenue of $335 million, marking an 8% increase year-over-year, a record for Q1. Orders were up 19% year-over-year, with notable gains in APAC where orders rose 51%. GAAP operating expenses reached $230 million, up 8%, while GAAP net income was $4 million, down 94% year-over-year. The company anticipates Q2 revenue between $304 million and $334 million, with diluted EPS expected between ($0.02) and $0.12. A dividend of $0.27 per share has been approved for June 1, 2021.
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