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Private company

NATIONAL INSTRUMENTS CORP

NATIONAL INSTRUMENTS CORP is an American prepackaged software services company, incorporated in Delaware.1 It is headquartered in Austin, Texas.1

Last updated Oct 21, 2026.

Overview

  • IndustryServices-Prepackaged Software1
  • HeadquartersAustin, Texas1
  • Incorporated inDE2
  • Business address11500 North Mopac Expressway, Austin, Tx 787592
  • Filer categoryLarge accelerated filer2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

67.7%Gross margin3
11.6%Operating margin3
8.4%Net margin3
12.7%Revenue growth, 20223
12.1%Return on equity3
-$5.2MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue32¢$534.7M
  • Research and development20¢$331.7M
  • Other costs36¢$602.1M
  • Interest1¢$16.6M
  • Income tax2¢$32.2M
  • Profit8¢$139.6M

Out of $1.7B in revenue.3

Where each dollar of operating cash went, fiscal 2022

  • Capital spending14¢$48.2M
  • Dividends paid42¢$147.8M
  • Share buybacks44¢$151.8M

Out of $43.0M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.3

Financial statements

Revenue45673$1.7B in 2022+35% since 2016
0$500.0M$1.0B$1.5B$2.0B2016: $1.2B$1.2B20162017: $1.3B$1.3B2017+5%2018: $1.4B$1.4B2018+5%2019: $1.4B$1.4B2019−0%2020: $1.3B$1.3B2020−5%2021: $1.5B$1.5B2021+14%2022: $1.7B$1.7B2022+13%
Gross profit45673$1.1B in 2022+23% since 2016
0$500.0M$1.0B$1.5B2016: $915.1M$915.1M20162017: $961.1M$961.1M2017+5%2018: $1.0B$1.0B2018+7%2019: $1.0B$1.0B2019−1%2020: $915.5M$915.5M2020−10%2021: $1.0B$1.0B2021+15%2022: $1.1B$1.1B2022+7%
Operating income45673$192.1M in 2022+60% since 2016
0$50.0M$100.0M$150.0M$200.0M2016: $119.7M$119.7M20162017: $145.8M$145.8M2017+22%2018: $172.9M$172.9M2018+19%2019: $174.6M$174.6M2019+1%2020: $199.6M$199.6M2020+14%2021: $118.2M$118.2M2021−41%2022: $192.1M$192.1M2022+63%
Net income45673$139.6M in 2022+69% since 2016
0$50.0M$100.0M$150.0M$200.0M2016: $82.7M$82.7M20162017: $52.4M$52.4M2017−37%2018: $155.1M$155.1M2018+196%2019: $162.2M$162.2M2019+5%2020: $143.7M$143.7M2020−11%2021: $89.3M$89.3M2021−38%2022: $139.6M$139.6M2022+56%
Fiscal year2016201720182019202020212022
Revenue$1.2B4$1.3B5$1.4B6$1.4B7$1.3B3$1.5B3$1.7B3
Cost of revenue$313.1M10$328.3M10$333.7M6$336.9M7$371.1M3$421.0M3$534.7M3
Gross profit$915.1M4$961.1M5$1.0B6$1.0B7$915.5M3$1.0B3$1.1B3
Research and development$235.7M4$231.8M5$261.1M6$272.5M7$280.4M3$336.0M3$331.7M3
Operating expenses$930.6M3$963.8M3
Operating income$119.7M4$145.8M5$172.9M6$174.6M7$199.6M3$118.2M3$192.1M3
Interest$151.0K6$40.0K7$1.9M3$3.8M3$16.6M3
Income before tax$103.6M3$171.9M3
Income tax$31.9M4$95.0M5$21.4M6$18.4M7$55.1M3$14.3M3$32.2M3
Net income$82.7M4$52.4M5$155.1M6$162.2M7$143.7M3$89.3M3$139.6M3
Earnings per share$0.644$0.405$1.176$1.237$1.103$0.683$1.063
Earnings per share (diluted)$0.644$0.405$1.166$1.227$1.093$0.673$1.053
Shares (weighted, basic)132.3M shares3131.7M shares3
Shares (weighted, diluted)133.6M shares3132.5M shares3

Compare NATIONAL INSTRUMENTS CORP with another company

Corporate structure

NATIONAL INSTRUMENTS CORP is part of a group headed by Emerson Electric. 589 entities, 67 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of NATIONAL INSTRUMENTS CORP

  • Emerson Electric Saint Louis, Missouri, United States
    • Aspen Technology, Inc. Bedford, Massachusetts, United States
      • 1 AGI Mexicana S.A. De C.V. Subsidiary · Mexico
      • 10 Aspen Technology LLC Subsidiary · Russia
      • 11 Aspen Technology Middle East Ltd. Subsidiary · Saudi Arabia
      • 12 Aspen Technology S.A.S. Subsidiary · Colombia
      • 13 Aspen Technology Quebec Inc. Subsidiary · Canada
      • 14 Aspen Technology Regional Headquarters Company Subsidiary · Saudi Arabia
      • 15 Aspen Technology S.L. Subsidiary · Spain
      • 16 Aspen Technology Services Corporation Subsidiary · Delaware, United States
      • 19 AspenTech (Thailand) Ltd. Subsidiary · Thailand
      • 2 Apex Optimisation SRO Subsidiary · Czechia
      • 20 AspenTech Africa (Pty.) Ltd. Subsidiary · South Africa
      • 21 AspenTech Argentina S.R.L. Subsidiary · Argentina
      • 22 AspenTech Australia Holding Pty Ltd Subsidiary · Australia
      • 23 AspenTech Canada Corporation Subsidiary · Canada
      • 24 AspenTech Canada Holdings, LLC Subsidiary · Delaware, United States
      • 25 AspenTech Corporation Subsidiary · Delaware, United States
      • 26 AspenTech de Mexico S. de R.L. de C.V. Subsidiary · Mexico
      • 27 AspenTech Europe B.V. Subsidiary · Netherlands
      • 28 AspenTech Europe, S.A./N.V. Subsidiary · Belgium
      • 29 AspenTech GmbH Subsidiary · Germany
      • 3 Apex Optimisation Technologies B.V. Subsidiary · Netherlands
      • 30 AspenTech Holding Corporation Subsidiary · Delaware, United States
      • 31 AspenTech India Private Ltd. Subsidiary · India
      • 32 AspenTech Japan Co. Ltd. Subsidiary · Japan
      • 33 AspenTech Ltd. Subsidiary · United Kingdom
      • and 49 more
    • NATIONAL INSTRUMENTS CORP Austin, Texas
    • Birmingham Sound Reproducers Subsidiary
    • Chloride Group Subsidiary · London, United Kingdom
    • Emerson (China) Subsidiary · Shanghai, People's Republic of China
    • Emerson (Sweden) Subsidiary · Karlstad, Sweden
    • Greenlee Subsidiary · Rockford
    • InSinkErator Subsidiary
    • "EMERSON PROCESS MANAGEMENT" SPOLKA Z OGRANICZONA ODPOWIEDZIALNOSCIA Subsidiary · Warszawa, Poland
    • AE VALVES Subsidiary · Saint Louis, Missouri, United States
    • Aegir Norge Holding AS Subsidiary · Norway
    • Afag Automation AG Subsidiary · Switzerland
    • Afag Automation Technology (Shanghai) Co., Ltd. Subsidiary · China
    • Afag Engineering GmbH Subsidiary · Germany
    • Afag GmbH Subsidiary · Germany
    • Afag Holding AG Subsidiary · Switzerland
    • AGI Mexicana S.A. de C.V. Subsidiary · Mexico
    • ai mo sheng dian qi (ya zhou) you xian gong si (艾默生電氣(亞洲)有限公司) Subsidiary · Kowloon, Hong Kong
    • ALCO Controls Subsidiary · Czechia
    • Alexander Schaeff, Inc. Subsidiary · Delaware, United States
    • Apex Optimisation SRO Subsidiary · Czechia
    • Apple JV Holding Corp. Subsidiary · Delaware, United States
    • APPLETON ELECTRIC LLC Subsidiary · Rosemont, Illinois, United States
    • APPLETON GROUP CANADA, LTD. Subsidiary · Toronto, Ontario, Canada
    • Appleton Grp LLC Subsidiary · Delaware, United States
    • and 485 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What NATIONAL INSTRUMENTS CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$5.8M3 Dec 31, 2022$12.4M3 Dec 31, 2021−53.6%
Buildings and improvements$256.1M3 Dec 31, 2022$238.9M3 Dec 31, 2021+7.2%
Furniture and fixtures$474.1M3 Dec 31, 2022$450.9M3 Dec 31, 2021+5.1%
Property and equipment, before depreciation$735.9M3 Dec 31, 2022$702.2M3 Dec 31, 2021+4.8%
Accumulated depreciation$470.5M3 Dec 31, 2022$448.6M3 Dec 31, 2021+4.9%
Property and equipment, net$265.4M3 Dec 31, 2022$253.7M3 Dec 31, 2021+4.6%
Operating-lease assets (leased space)$59.2M3 Dec 31, 2022$58.6M3 Dec 31, 2021+0.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$139.8M3 Dec 31, 2022$211.1M3 Dec 31, 2021−33.8%
Marketable securities, current$07 Dec 31, 2021$59.9M7 Dec 31, 2020−100.0%
Debt securities available for sale$07 Dec 31, 2021$59.9M7 Dec 31, 2020−100.0%
Stakes in other companies (equity method)$29.0M3 Dec 31, 2022$32.0M3 Dec 31, 2021−9.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$615.7M3 Dec 31, 2022$576.0M3 Dec 31, 2021+6.9%
Intangible assets, net (excluding goodwill)$200.8M3 Dec 31, 2022$220.4M3 Dec 31, 2021−8.9%
Finite-lived intangibles, gross$356.6M3 Dec 31, 2022$356.9M3 Dec 31, 2021−0.1%
Accumulated amortization$155.8M3 Dec 31, 2022$136.5M3 Dec 31, 2021+14.1%
Finite-lived intangibles, net$200.8M3 Dec 31, 2022$220.4M3 Dec 31, 2021−8.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$388.2M3 Dec 31, 2022$289.2M3 Dec 31, 2021+34.2%
Raw materials$273.3M3 Dec 31, 2022$195.9M3 Dec 31, 2021+39.5%
Work in process$15.0M3 Dec 31, 2022$14.6M3 Dec 31, 2021+2.7%
Finished goods$119.3M3 Dec 31, 2022$97.7M3 Dec 31, 2021+22.1%

Leadership

Who has led NATIONAL INSTRUMENTS CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Alexander M. Davern2017–2019
  2. Eric Howard Starkloff2020–2023

President

  1. Alexander M. Davern2017–2018
  2. Eric Howard Starkloff2018–2023

Chief financial officer

  1. Alexander M. Davern2006–2016
  2. John Charles Roiko2017
  3. Karen Marie Rapp2017–2022
  4. Daniel Berenbaum2023

Chief operating officer

  1. Alexander M. Davern2010–2016
  2. Eric Howard Starkloff2018–2019
2010201520202025
Board members and other officers (30)

Former names

  • NATIONAL INSTRUMENTS CORP /DE/Jul 30, 1996 to Feb 10, 20162

Timeline

  1. Oct 18, 20238-K Executive or director change48
  2. Oct 11, 20238-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer49
  3. Jul 27, 20238-K Results of operations; Other events50
  4. Jun 29, 20238-K Shareholder vote; Other events51
  5. Jun 22, 20238-K Other events52
  6. May 10, 20238-K Shareholder vote53
  7. Apr 27, 20238-K Results of operations; Other events54
  8. Apr 12, 20238-K Other events55
  9. Apr 12, 20238-K Entered a material agreement; Change to shareholders' rights56
  10. Mar 3, 20238-K Executive or director change57
  11. Jan 31, 20238-K Results of operations; Exit or restructuring costs; Other events58
  12. Jan 13, 20238-K Entered a material agreement; Change to shareholders' rights; Bylaws or fiscal year changed59
  13. Feb 4, 2020New chief executive Eric Howard Starkloff becomes CEO11
  14. Jan 25, 2017New chief executive Alexander M. Davern becomes CEO12

Calendar

When it reported results

  1. Jul 27, 2023Reported quarterly or annual results50
  2. Apr 27, 2023Reported quarterly or annual results54
  3. Jan 31, 2023Reported quarterly or annual results58
  4. Oct 27, 2022Reported quarterly or annual results60
  5. Jul 28, 2022Reported quarterly or annual results61
  6. Apr 28, 2022Reported quarterly or annual results62
  7. Jan 27, 2022Reported quarterly or annual results63
  8. Oct 28, 2021Reported quarterly or annual results64

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

169 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 22 major events, 87 insider forms, 10 large holders, 42 other. The latest 20:

  1. Oct 23, 202315-12G FORM 15 EDGAR
  2. Oct 18, 20238-K EDGAR
  3. Oct 11, 202325-NSE EDGAR
  4. Oct 11, 20234 EDGAR
  5. Oct 11, 20234 EDGAR
  6. Oct 11, 20234 EDGAR
  7. Oct 11, 20234 EDGAR
  8. Oct 11, 20234 EDGAR
  9. Oct 11, 20234 EDGAR
  10. Oct 11, 20234 EDGAR
  11. Oct 11, 20234 EDGAR
  12. Oct 11, 20234 EDGAR
  13. Oct 11, 20234 EDGAR
  14. Oct 11, 20234 EDGAR
  15. Oct 11, 20234 EDGAR
  16. Oct 11, 2023S-8 POS EDGAR
  17. Oct 11, 2023S-8 POS EDGAR
  18. Oct 11, 2023S-8 POS EDGAR
  19. Oct 11, 2023S-8 POS EDGAR
  20. Oct 11, 2023S-8 POS EDGAR

The 169 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

34 open-market trades by officers, directors and large owners since October 2021: 1 buys and 33 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 25, 2023Favre RituExecutive Vice PresidentSale3,494$57.70$201.6KForm 4
May 17, 2023Rust Scott ArthurExecutive Vice PresidentSale29,821$57.98$1.7MForm 4
May 15, 2023DAVERN ALEXANDER MDirectorSale5,037$58.06$292.4KForm 4
Feb 1, 2023Starkloff Eric HowardPresident & CEOSale14,963$53.95$807.2KForm 4
Jan 31, 2023Starkloff Eric HowardPresident & CEOSale35,896$54.25$1.9MForm 4
Jan 31, 2023Rust Scott ArthurExecutive Vice PresidentSale2,094$54.25$113.6KForm 4
Jan 17, 2023Starkloff Eric HowardPresident & CEOSale1,200$54.40$65.3KForm 4
Jan 13, 2023Starkloff Eric HowardPresident & CEOSale2,100$46.86$98.4KForm 4
Dec 31, 2022Green Jason ElliotChief Revenue Officer & EVPSale8,026$36.90$296.2KForm 4
Dec 1, 2022Starkloff Eric HowardPresident & CEOSale900$42.00$37.8KForm 4
Nov 10, 2022Starkloff Eric HowardPresident & CEOSale800$40.00$32.0KForm 4
Nov 1, 2022Favre RituExecutive Vice PresidentSale1,437$38.18$54.9KForm 4
Aug 15, 2022Starkloff Eric HowardPresident & CEOSale900$42.00$37.8KForm 4
Aug 12, 2022Green Jason ElliotChief Revenue Officer & EVPSale5,000$41.46$207.3KForm 4
Aug 8, 2022Starkloff Eric HowardPresident & CEOSale800$40.00$32.0KForm 4
Aug 1, 2022Green Jason ElliotChief Revenue Officer & EVPSale5,000$38.59$192.9KForm 4
May 31, 2022Green Jason ElliotChief Revenue Officer & EVPSale2,500$34.51$86.3KForm 4
May 27, 2022Green Jason ElliotChief Revenue Officer & EVPSale2,500$34.97$87.4KForm 4
May 2, 2022Starkloff Eric HowardPresident & CEOSale19,032$36.14$687.8KForm 4
May 2, 2022Rust Scott ArthurExecutive Vice PresidentSale4,921$36.14$177.8KForm 4

All 34 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$121.5M 2008–2026
Money received by yearMoney received by year, 2008–2026: $121.5M in all. Federal contracts $121.5M.$0$10M$20M$30M2008 · Federal contracts: $7.7M20082009 · Federal contracts: $9.6M2010 · Federal contracts: $8.8M20102011 · Federal contracts: $5.5M2012 · Federal contracts: $4.9M20122013 · Federal contracts: $3.9M2014 · Federal contracts: $5.1M20142015 · Federal contracts: $3.5M2016 · Federal contracts: $3.7M20162017 · Federal contracts: $3.9M2018 · Federal contracts: $3.7M20182019 · Federal contracts: $3.4M2020 · Federal contracts: $3.3M20202021 · Federal contracts: $6.3M2022 · Federal contracts: $2.4M20222023 · Federal contracts: $3.6M2024 · Federal contracts: $30.0M20242025 · Federal contracts: $9.7M2026 · Federal contracts: $2.6M2026
Figures by year
YearFederal contractsTotal
2026$2.6M$2.6M
2025$9.7M$9.7M
2024$30.0M$30.0M
2023$3.6M$3.6M
2022$2.4M$2.4M
2021$6.3M$6.3M
2020$3.3M$3.3M
2019$3.4M$3.4M
2018$3.7M$3.7M
2017$3.9M$3.9M
2016$3.7M$3.7M
2015$3.5M$3.5M
2014$5.1M$5.1M
2013$3.9M$3.9M
2012$4.9M$4.9M
2011$5.5M$5.5M
2010$8.8M$8.8M
2009$9.6M$9.6M
2008$7.7M$7.7M

Federal awards

Obligated amounts from USAspending.gov70, by calendar year, 2008–2026, for its registration. Obligations are what agencies committed, not always what was paid out. Contracts pay for goods and services; grants, loans and direct payments are assistance. Loans are charted at the face value of the loans listed here. An award’s amount below is its lifetime total, and some began before the years charted.

Largest contracts

  1. Apr 16, 2024$17.2M from Federal Acquisition Service: Pma260 cass fot ni parts order 000171 To NATIONAL INSTRUMENTS CORP Award 47QSWC24F0038
  2. May 2, 2024$4.7M from Federal Acquisition Service: Pma260 cass fot ni parts order 000272 To NATIONAL INSTRUMENTS CORP Award 47QSWC24F0044
  3. Mar 31, 2025$4.4M from Federal Acquisition Service: Pma260 cass fot ni parts order 000773 To NATIONAL INSTRUMENTS CORP Award 47QSWC25F0072
  4. Jul 29, 2024$3.6M from Federal Acquisition Service: Pma260 cass fot ni parts order 000374 To NATIONAL INSTRUMENTS CORP Award 47QSWC24F0087
  5. Oct 26, 2021$2.2M from Department of the Air Force: Versatile diagnostic automated test station components75 To NATIONAL INSTRUMENTS CORP Award FA857122F0005

SEC filer profile

How NATIONAL INSTRUMENTS CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNATIONAL INSTRUMENTS CORP1
  • CIK0000935494
  • Employer ID (EIN)74-18713271
  • Filer statusLarge accelerated filer1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)7372 Services-Prepackaged Software1
  • Business address11500 North Mopac Expressway, Austin, TX 787591
  • Phone51233891191
  • Shares outstanding132,797,497 as of Jul 24, 20239
  • Public float$2.6B as of Jun 30, 20223
  • On EDGAR sinceJul 30, 19961
  • Filings2,520 in all: 4 (1,880), 8-K (174), SC 13G/A (94), 10-Q (82), SC 13G (35), 10-K (27), DEF 14A (27), 4/A (26)1
    All 34 form types

    DEFA14A (26), UPLOAD (24), 3 (21), CORRESP (20), S-8 POS (14), S-8 (12), 5 (10), SD (10), ARS (9), DFAN14A (7), 144 (3), 10-K/A (2), 8-K/A (2), CT ORDER (2), PRE 14A (2), 144/A (1), 15-12G (1), 25-NSE (1), 3/A (1), 8-A12B (1), 8-A12B/A (1), 8-A12G (1), DEFM14A (1), NO ACT (1), PREM14A (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Feb 21, 2023
    Quarterly report (10-Q) Jul 28, 2023
    Proxy statement (DEF 14A) Mar 27, 2023
    Latest 8-K (8-K) Oct 18, 2023

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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    SEC EDGAROther events
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