AUSTIN, TX – National Instruments reported preliminary GAAP fourth quarter revenue of $367 million, flat year-over-year, above the high end of guidance shared on Oct. 29. The company expects record non-GAAP revenue of $369 million, up 19% sequentially.

For the fourth quarter, the value of the company’s overall orders are estimated to be up 7% compared to the same period last year. The company estimates positive sequential and year-over-year order growth across all regions. Orders across all business units are estimated to be up sequentially, with year-over-year order growth in semiconductor, aerospace, defense and government, and portfolio. Despite the previously discussed headwinds in China, orders are estimated to be up 19% compared to the fourth quarter of 2019.

NI ended the fourth quarter with estimated cash, cash equivalents and short-term investments of $320 million.

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