AUSTIN, TX – National Instruments has boosted the lower end of its third-quarter earnings guidance and reiterated its revenue outlook due to sustained R&D investments.

The company’s revenue guidance remains $158 million to $168 million, which would be a 7% sequential increase at the midpoint.

Sustained R&D investments have produced new products and allowed NI to expand into new growth areas, according to Dr. James Truchard, president and CEO.