AUSTIN, TX -- National Instruments today reported third quarter revenue of $346 million, up 8% year-over-year.

GAAP net income rose 29% to $43 million, and non-GAAP net income was up 53% to $60 million.

Year to date revenue is up 6% to $999 million, and GAAP net income up 28%.

In the September quarter, total orders were up 13% year-over-year. Gross margin was 74% and operating margin was 13% on a GAAP basis.

“I expect to achieve our target non-GAAP operating margin for 2018 and I am excited by the multi-year growth opportunities we see in areas like 5G semiconductors and electric and autonomous vehicles,” said Alex Davern, CEO, NI. “We will continue to drive aligned execution through sales, marketing, and R&D to accelerate growth - both organically and inorganically - in the target industries where our platform is most highly differentiated.”

NI expects fourth quarter revenue in the range of $360 million to $390 million, which would be a new record for the period at the midpoint.

• Prev
• Next