- NI (formerly National Instruments) reports second quarter 2021 revenue of $347 million.
- The Texas-based company estimates its third quarter 2021 GAAP revenue to be between $355 million and $385 million.
# Second quarter 2021 results
– GAAP revenue of $347 million, up 15% year-over-year.
– GAAP operating income of $25 million, up 50% year-over-year.
– Non-GAAP operating income of $60 million, up 38% year-over-year.
# First-half 2021 result
GAAP revenue of $682 million, up 12% year-over-year.
GAAP operating income of $34 million.
Non-GAAP operating income of $111 million.
GAAP : Generally Accepted Accounting Principles
In the second quarter of 2021, the company’s order value increased 33% year-over-year. Orders grew 22% in the Americas, 51% in EMEA (Europe, Middle East and Africa) and 36% in APAC (Asia Pacific).
Revenue by global region in U.S. dollars for the second quarter of 2021 compared to the same period in 2020 increased 11 percent in the Americas, 17 percent in APAC and 19 percent in EMEA.
“We are very pleased with the strong second quarter results, with revenue exceeding the upper end of guidance. The momentum of customer demand continued, with total order value in the second quarter up 33% year-on-year. This represents a record number of orders for a second quarter and double-digit year-over-year growth across all industries and regions,” said Eric Starkloff, president and CEO of NI.
NI’s non-GAAP results exclude, as applicable, the impact of purchase accounting fair value adjustments, stock-based compensation, amortization of acquisition-related intangibles, acquisition-related transaction and integration costs, taxes levied on the transfer of acquired intellectual property, foreign exchange loss on acquisitions, restructuring charges, tax reform charges, disposal gains on buildings and related charitable contributions, tax effects related to businesses held for sale, gain on sale of businesses, and capitalization and amortization of internally developed software costs.