National Instruments (NATI) Tops Q2 EPS by 17c, Revenues Miss; Offers 3Q EPS/Revenue Outlook

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Go back to National Instruments (NATI) Tops Q2 EPS by 17c, Revenues Miss; Offers 3Q EPS/Revenue Outlook

NI Reports Second Quarter Revenue of $301 Million

July 30, 2020 4:02 PM EDT

Company to host virtual investor conference August 4

Q2 2020 Summary

Revenue of $301 million, down 10 percent year over year and down 8 percent year over year on an organic basis GAAP gross margin of 71 percent Non-GAAP gross margin of 74 percent Fully diluted GAAP EPS of $0.08 and fully diluted non-GAAP EPS of $0.26 GAAP net income of $11 million and non-GAAP net income of $34 million EBITDA of $33 million for second quarter Cash and short-term investments of $608 million as of June 30, 2020, a significant portion of which was used to fund the... More