National Instruments Past Earnings Performance

Past criteria checks 4/6

National Instruments's earnings have been declining at an average annual rate of -1.6%, while the Electronic industry saw earnings growing at 15.3% annually. Revenues have been growing at an average rate of 5.3% per year. National Instruments's return on equity is 14.7%, and it has net margins of 10.4%.

Key information

-1.6%

Earnings growth rate

-1.6%

EPS growth rate

Electronic Industry Growth	15.3%
Revenue growth rate	5.3%
Return on equity	14.7%
Net Margin	10.4%
Last Earnings Update	30 Jun 2023

Recent past performance updates

Recent updates

We Think National Instruments (NASDAQ:NATI) Can Stay On Top Of Its Debt

Dec 08

Is There An Opportunity With National Instruments Corporation's (NASDAQ:NATI) 38% Undervaluation?

Nov 22

National Instruments: Compelling Growth Play But Priced At A Premium

Oct 09

Should You Investigate National Instruments Corporation (NASDAQ:NATI) At US$39.88?

Sep 20

Here's What To Make Of National Instruments' (NASDAQ:NATI) Decelerating Rates Of Return

Jul 15

When Should You Buy National Instruments Corporation (NASDAQ:NATI)?

Jun 08

National Instruments (NASDAQ:NATI) Seems To Use Debt Rather Sparingly

Apr 13

Slowing Rates Of Return At National Instruments (NASDAQ:NATI) Leave Little Room For Excitement

Mar 31

At US$40.46, Is It Time To Put National Instruments Corporation (NASDAQ:NATI) On Your Watch List?

Mar 03

Are Investors Undervaluing National Instruments Corporation (NASDAQ:NATI) By 31%?

Feb 18

National Instruments Looks Like It May Be Building Toward Something More Interesting

Feb 12

Revenue & Expenses Breakdown

How National Instruments makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:NATI Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses	R&D Expenses
30 Jun 23	1,730	179	583	328
31 Mar 23	1,709	161	600	330
31 Dec 22	1,657	140	604	328
30 Sep 22	1,629	140	612	332
30 Jun 22	1,569	105	608	331
31 Mar 22	1,520	110	590	327
31 Dec 21	1,470	89	579	325
30 Sep 21	1,417	54	566	315
30 Jun 21	1,358	22	555	303
31 Mar 21	1,312	15	545	287
31 Dec 20	1,287	144	557	275
30 Sep 20	1,286	198	546	270
30 Jun 20	1,319	254	549	266
31 Mar 20	1,352	272	565	269
31 Dec 19	1,353	162	580	269
30 Sep 19	1,346	160	569	266
30 Jun 19	1,352	152	571	265
31 Mar 19	1,358	154	576	263
31 Dec 18	1,359	155	579	259
30 Sep 18	1,349	74	580	251
30 Jun 18	1,324	64	581	242
31 Mar 18	1,301	59	575	232
31 Dec 17	1,289	52	571	229
30 Sep 17	1,268	106	567	227
30 Jun 17	1,254	97	567	230
31 Mar 17	1,241	92	562	234
31 Dec 16	1,228	83	560	236
30 Sep 16	1,234	86	560	234
30 Jun 16	1,227	84	557	228
31 Mar 16	1,223	90	550	223
31 Dec 15	1,225	95	546	225
30 Sep 15	1,224	107	541	226
30 Jun 15	1,238	123	543	232
31 Mar 15	1,249	123	551	232
31 Dec 14	1,244	126	553	227
30 Sep 14	1,212	115	547	224
30 Jun 14	1,187	91	540	225
31 Mar 14	1,171	81	532	228
31 Dec 13	1,173	81	535	235
30 Sep 13	1,172	69	536	238
30 Jun 13	1,173	78	534	234
31 Mar 13	1,169	90	531	230
31 Dec 12	1,144	90	517	223

Quality Earnings: NATI has high quality earnings.

Growing Profit Margin: NATI's current net profit margins (10.4%) are higher than last year (6.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: NATI's earnings have declined by 1.6% per year over the past 5 years.

Accelerating Growth: NATI's earnings growth over the past year (70.6%) exceeds its 5-year average (-1.6% per year).

Earnings vs Industry: NATI earnings growth over the past year (70.6%) exceeded the Electronic industry 0.4%.

National Instruments Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

National Instruments Corporation to Report Q2, 2023 Results on Jul 27, 2023

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Full year 2022 earnings: EPS misses analyst expectations

National Instruments Corporation to Report Q4, 2022 Results on Jan 31, 2023

Third quarter 2022 earnings: EPS exceeds analyst expectations

Recent updates

Robbins Geller Rudman & Dowd LLP Files Class Action Lawsuit Against National Instruments Corporation

National Instruments Corporation Files Form 15

National Instruments Corporation Announces Resignation of Mr. Daniel A. Berenbaum Ceased to Be Executive Vice President and Treasurer

National Instruments Corporation(NasdaqGS:NATI) dropped from NASDAQ Composite Index

Emerson Electric Co. (NYSE:EMR) completed the acquisition of remaining 98.2% stake in National Instruments Corporation (NasdaqGS:NATI) from The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK), Janus Henderson Group plc (NYSE:JHG), T.Rowe Price Investment Management, Inc. and others.

NI Announces Real-Time Analytics Enablement by Collaborating with Leading ATE Vendor

National Instruments Corporation Announces Newest Product in its Portfolio of High-Power Test Systems for Battery Testing and Simulation, the NHR 4800 High-Density Battery Cycler and Emulator

Consensus EPS estimates fall by 13%

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

National Instruments Corporation to Report Q2, 2023 Results on Jul 27, 2023

NI and Spirent Announce First Comprehensive Test Solution for OpenRAN O-RU Customers

Insider recently sold US$202k worth of stock

Director & Independent Observer recently sold US$292k worth of stock

President exercised options and sold US$552k worth of stock

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Insufficient new directors

President recently sold US$2.5m worth of stock

Full year 2022 earnings: EPS misses analyst expectations

National Instruments Corporation Provides Earnings Guidance for the First Quarter 2023

Emerson Electric Discloses its Views/Plans on National Instruments

Emerson Reveals $7.6 Billion Bid for National Instruments

Investor sentiment improved over the past week

National Instruments Corporation to Report Q4, 2022 Results on Jan 31, 2023

Insider recently sold US$296k worth of stock

National Instruments Corporation Announces CFO Changes, Effective January 9, 2023

We Think National Instruments (NASDAQ:NATI) Can Stay On Top Of Its Debt

Is There An Opportunity With National Instruments Corporation's (NASDAQ:NATI) 38% Undervaluation?

National Instruments Corporation Announces Executive Changes

NI Announces its Most Versatile and Capable Vector Signal Transceiver (VST), the 3rd Generation PXIe-5842 VST

Executive VP & GM of Business Unit recently sold US$55k worth of stock

Third quarter 2022 earnings: EPS exceeds analyst expectations

National Instruments Corporation Provides Earnings Guidance for the Fourth Quarter Ending December 31, 2022 and Provides Revenue Guidance for the Full Year of 2023

National Instruments: Compelling Growth Play But Priced At A Premium

National Instruments Corporation to Report Q3, 2022 Results on Oct 27, 2022

Should You Investigate National Instruments Corporation (NASDAQ:NATI) At US$39.88?

National Instruments Corporation Announces Retirement of Karen Rapp, Executive Vice President, in May 2023

National Instruments CFO Karen Rapp to retire

We Think National Instruments (NASDAQ:NATI) Can Stay On Top Of Its Debt

Executive VP recently sold US$207k worth of stock

Executive VP recently sold US$193k worth of stock

National Instruments goes ex dividend tomorrow

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

National Instruments Corporation Reaffirms Earnings Guidance for the Third Quarter of 2022

Here's What To Make Of National Instruments' (NASDAQ:NATI) Decelerating Rates Of Return

National Instruments Corporation to Report Q2, 2022 Results on Jul 28, 2022

NI Introduces Patented, Time-saving EVM Measurement Technique

When Should You Buy National Instruments Corporation (NASDAQ:NATI)?

Executive VP notifies of intention to sell stock

Executive VP recently sold US$174k worth of stock

NI Announces Lineup of Software-Connected Products That Enable Industries to Engineer Ambitiously™

National Instruments Corporation Releases Latest Battery Test System to Enhance Safety and Performance of Electric Vehicles

National Instruments Corporation (NasdaqGS:NATI) completed the acquisition of Test systems business of Kratzer Automation AG.

Price target decreased to US$45.67

First quarter 2022 earnings: EPS and revenues miss analyst expectations

National Instruments (NASDAQ:NATI) Seems To Use Debt Rather Sparingly

Now 20% undervalued after recent price drop

National Instruments Corporation to Report Q1, 2022 Results on Apr 28, 2022

National Instruments Corporation (NasdaqGS:NATI) agreed to acquire Test systems business of Kratzer Automation AG.

Slowing Rates Of Return At National Instruments (NASDAQ:NATI) Leave Little Room For Excitement

National Instruments Corporation, Annual General Meeting, May 10, 2022

Executive VP & CFO recently sold US$136k worth of stock

At US$40.46, Is It Time To Put National Instruments Corporation (NASDAQ:NATI) On Your Watch List?

Are Investors Undervaluing National Instruments Corporation (NASDAQ:NATI) By 31%?

National Instruments Looks Like It May Be Building Toward Something More Interesting

Revenue & Expenses Breakdown

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity