AUSTIN, TX – National Instruments posted record second quarter revenue of $346.7 million, up 15% year-over-year.

Net income for the period was $17.3 million, an increase of 58.9% compared to the second quarter of 2020. Operating income was $24.5 million, growth of 49.5% year-over-year.

Orders in the second quarter were up 33% compared to the prior year quarter. Orders were up 22% in the Americas, 51% in EMEA, and 36% in APAC.

Geographic revenue in US dollar terms was up 11% in the Americas, 17% in APAC, and 19% in EMEA.

"We were very pleased with the strong results in the second quarter, with revenue exceeding the high end of guidance,” said Eric Starkloff, NI president and CEO. “Momentum in customer demand continued with the total value of orders for the second quarter up 33% year-over-year. This represents record orders for a second quarter and double-digit growth year-over-year across all industries and all regions. We believe these results are proof our strategy is working, and our continued market focus is paying off.”

"We delivered record non-GAAP operating income for a second quarter, up 38% year-over-year. While we continue to invest in areas of critical importance, our focus on driving scale is making our business model more resilient," said Karen Rapp, NI CFO. "We remain committed to the execution of our growth strategy, while also improving our profitability to ensure our priority of maximizing shareholder value."

Cash and short-term investments were $265 million as of June 30. During the second quarter, NI paid $36 million in dividends.

For the first six months of 2021, net sales were $681.9 million, an increase of 11.7% year-over-year. Net income was $21.8 million, up 47.6% compared to the six-month period in 2020. Operating income was $34.1 million, compared to $188.2 million in the first six months of last year.

The company expects third quarter revenue in the range of $355 million to $385 million, up 20% year-over-year at the midpoint.