- NI (formerly National Instruments) announced revenues of $368 million for the fourth quarter of 2020, up slightly year-over-year ($367 million in Q4 2019).
- Its revenue for the full year 2020 is down 5% year-over-year to $1.29 billion.
- NI estimates that its first quarter revenue will be between $324 million and $354 million.
“This year has been a stress test for our strategy and it has proven to be resilient. We have managed to end a challenging year with record quarterly revenues that exceeded the high end of our guidance,” said Eric Starkloff, CEO of NI.
In Q4 2020, compared to the previous year, the value of the Texan company’s total orders increased by 7%, orders over $20,000 increased by 13% and orders under $20,000 decreased by 4%.
NI’s Q4 2020 U.S. dollar revenues decreased by 6% compared to Q4 2019 in the Americas, increased by 5% in Asia Pacific (APAC) and by 3% in EMEA (Europe, Middle East, Africa). Excluding the currency impact, revenues decreased by 6% in the Americas, increased by 5% in APAC and by 1% in EMEA.
In Q4 2020, NI’s GAAP net income was $5 million, non-GAAP net income was $67 million and EBITDA was $42 million.
GAAP: Generally Accepted Accounting Principles.
EBITDA: Earnings Before Interest, Taxes, Depreciation and Amortization.