AUSTIN, TX – National Instruments Corporation reported fourth quarter revenue of $448 million, up 7% year over year and an all-time quarterly record.

For 2022 as a whole, NI saw record revenue of $1.66 billion, up 13% year over year, and the company expects first quarter revenue of $415 million to $445 million.

"2022 was a strong year as we continued to make strides in transforming NI into a higher-growth, more profitable, and more resilient company. Despite ongoing global macroeconomic uncertainty, we delivered on the 2022 targets we shared at our September investor conference with record revenue of $1.7 billion, up 13% YOY, and non-GAAP operating margin of 2%, up 130 bps as compared to 2021," said Eric Starkloff, NI president and CEO. "As we head into 2023, even in a recessionary environment, we now expect to exceed our 300 bps non-GAAP margin expansion target."

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