AUSTIN, TX – National Instruments announced second-quarter revenue of $417 million, up 5% year over year and a record for a second quarter.

For the first half of the year, the company reported $854 million in revenue, up 9% year over year.

"I am pleased with our results in the second quarter. We delivered record revenue for a second quarter, along with strong operating margin and EPS, which demonstrates the operating leverage we have developed through our ongoing transformation. Revenue was up 5% year-over-year and was bolstered by our strong backlog, even as orders weakened more than we initially anticipated throughout the quarter," said Eric Starkloff, NI President and CEO. "Despite the challenging macro environment, we executed our strategy. Our performance is a testament to our continued focus on high growth subsegments and global execution."

"Our focus on operational execution and expense management continued, resulting in second quarter GAAP operating margin up over 450 bps and non-GAAP operating margin up over 600 bps as compared to the same quarter last year," said Daniel Berenbaum, NI CFO. "While we still see difficulty in obtaining reliable supply of a few specific parts, a general easing of supply chain constraints combined with the laser-focus of our team enabled more shipments from our strong backlog, offsetting a difficult bookings environment."

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