National Instrs Corp Stock Price, News & Analysis

NI (NASDAQ: NATI) announced an organizational restructuring to enhance operational efficiency and strategic execution, effective November 15, 2022. Ritu Favre has been appointed as Executive Vice President of Business Units, overseeing the consolidated business unit organization. A new operations function will manage manufacturing, IT, and customer operations, with CFO Karen Rapp serving as interim leader. The transition aims to drive revenue growth and improve profitability, focusing on achieving a 25% non-GAAP operating margin by 2025.

National Instruments has launched its 3rd generation PXIe-5842 Vector Signal Transceiver (VST), featuring continuous frequency coverage from 50 MHz to 23 GHz and 2 GHz bandwidth. This model improves Error Vector Magnitude (EVM) performance for Wi-Fi 7 and 5G NR while being cost-effective and scalable. With enhanced measurement accuracy and integration capabilities, it’s designed for complex wireless applications such as radar and satellite communications. This VST sets a competitive edge through its advanced specifications, marking a substantial upgrade over its predecessors.

NI has launched the High Power System-17000, a 150kW EV battery cycler designed to enhance battery validation labs. This advanced cycler features modular design, scalability, and synchronization capabilities down to the microsecond, enabling improved performance and flexibility. It supports existing and future EV architectures, helping labs optimize test setups with reduced maintenance costs. The HPS-17000 is a significant addition to NI's battery testing portfolio, aiming to meet the growing demand for efficient EV battery testing.

National Instruments Corporation (Nasdaq: NATI) reported record Q3 2022 revenue of $428 million, a 17% increase year-over-year. Total orders rose 12% annually, with significant growth in the Americas (16%) and EMEA (23%), while APAC saw a 1% decline. GAAP diluted EPS was $0.47 and non-GAAP diluted EPS was $0.53. With $149 million in cash, the company returned $37 million to shareholders via dividends and repurchased 2 million shares. For Q4, revenue guidance is set between $435 million and $465 million.

National Instruments (NATI) announced a new unified test system architecture for advanced driver-assistance systems (ADAS) and autonomous driving (AD) at the Automotive Testing Expo in Novi, Michigan, from Oct. 25–27, 2022.

This system enhances testing efficiency by allowing iteration between data replay and hardware-in-the-loop (HIL) testing. It improves test coverage, reduces capital costs, and accelerates time to market for ADAS electronic control units (ECUs). NI collaborates with leaders like ZF Mobility Solutions and Konrad Technologies to optimize testing strategies for autonomous vehicles.

NI (NATI) will host NI Connect on November 9, 2022, in Munich, Germany. This event marks NI's first in-person gathering in Europe since the pandemic. Attendees can explore how NI's software-connected approach enhances test data, analytics, and automation. The conference includes technical sessions from industry experts covering various topics, including LabVIEW and autonomous systems. Keynote speakers from notable companies will highlight the interplay between testing, product performance, and technology innovation.

NI (Nasdaq: NATI) will announce its Q3 2022 financial results on October 27, 2022, at 4:00 p.m. Central Time. An audio webcast will be available on the investor relations section of the company website. The management will also attend several investor conferences, including Baird’s Global Industrial Conference on November 9, 2022 in Chicago, Nasdaq Growth Conference on December 6, 2022 in London, and Needham Growth Conference on January 10, 2023 in New York. More details are accessible on NI's investor relations page.

National Instruments Corporation (NASDAQ: NATI) announced that CFO Karen Rapp will retire in May 2023. Rapp has been crucial in the company's transformation since joining in 2017. To ensure a smooth transition, she will continue in her role until a successor is appointed and will then move to a temporary advisory position. CEO Eric Starkloff praised her leadership and contributions to the company's success.

NI (NASDAQ: NATI) released a report highlighting the critical role of product-centric data in enhancing product development. Over half of surveyed senior product innovators acknowledge gaps in utilizing test data effectively. The report indicates that companies with integrated product data strategies enjoy faster time-to-market. Key findings include that 52% of firms with such strategies experienced improved market speed, and 55% plan to prioritize integrating test data into development processes. The survey covered 10 industries, shedding light on the necessity of robust data strategies for innovation.