National Instruments (NATI) Tops Q1 EPS by 12c, Revenues Miss; Affirms Q2 EPS Guidance Above Consensus, Provides Q2 Revenue Views

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National Instruments Reports Revenue of $311 Million in the First Quarter

April 30, 2019 4:02 PM EDT

Backlog increase in Q1 of $10 million due to timing and mix of orders

Q1 2019 Highlights

Revenue of $311 million, flat year over year, with increased backlog of $10 million GAAP gross margin of 76 percent and non-GAAP gross margin of 78 percent GAAP net income of $23 million, down 4 percent year over year Non-GAAP net income of $40 million, up 21 percent year over year Fully diluted GAAP EPS of $0.17, and fully diluted non-GAAP EPS of $0.30 which was at the midpoint of the company's guidance... More