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National Instruments Corp - Stock Quote NATI

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Morningstar's National Instruments Corp Stock Analysis

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We Think National Instruments Is a Differentiated Testing Provider Primed for a Growth Inflection

Business Strategy and Outlook

| William Kerwin |

We think National Instruments is a differentiated player in the test and measurement ecosystem that uses a software-led approach to save customers time, cost, and effort in bringing new products to market. In our view, NI has carved out a market niche as a lower-cost, higher-automation alternative to incumbent automated test equipment vendors and uses a flexible approach to serve myriad end markets and a long tail of customers. We think the firm has rested on its laurels the past several years but are optimistic that a new CEO and a revamped go-to-market approach will spur an inflection in growth and expand margins over the next five years.

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National Instruments Corp's Company Profile

Business Description

National Instruments provides testing and measurement equipment and integrated, software-led solutions to serve high-complexity automated testing in late product development. NI serves a long tail of more than 30,000 customers in myriad end markets but focuses on the semiconductor, transportation, and aerospace and defense verticals.

Contact
11500 North MoPac Expressway
Austin, TX, 78759
T +1 512 683-0100
Sector Technology
Industry Software - Application
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Slow Growth
Employees 7,000