National Instruments (NATI) Stock Price

National Instruments Price

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National Instruments (NATI) Stock | ISIN US6365181022 | WKN 894640. National Instruments operates in the Information technology sector.

National Instruments stock price

Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of National Instruments over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how National Instruments stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing National Instruments's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

National Instruments Stock Price History
DateNational Instruments Price
Access this data via the Eulerpool API

National Instruments Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2003
425.9 M USD
48.3 M USD
33.4 M USD
Jan 1, 2004
514.1 M USD
63.8 M USD
48.6 M USD
Jan 1, 2005
571.8 M USD
76.9 M USD
61.5 M USD
Jan 1, 2006
660.4 M USD
87.7 M USD
72.7 M USD
Jan 1, 2007
740.4 M USD
102.1 M USD
107 M USD
Jan 1, 2008
820.5 M USD
95.7 M USD
84.8 M USD
Jan 1, 2009
676.6 M USD
46.5 M USD
17.1 M USD
Jan 1, 2010
873.2 M USD
128.3 M USD
109.1 M USD
Jan 1, 2011
1.02 B USD
112.7 M USD
94.1 M USD
Jan 1, 2012
1.14 B USD
125 M USD
90.1 M USD
Jan 1, 2013
1.17 B USD
99.3 M USD
80.5 M USD
Jan 1, 2014
1.24 B USD
146.1 M USD
126.3 M USD
Jan 1, 2015
1.23 B USD
137.9 M USD
95.3 M USD
Jan 1, 2016
1.23 B USD
121.1 M USD
82.7 M USD
Jan 1, 2017
1.29 B USD
178.1 M USD
52.4 M USD

National Instruments Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 10, 2026, 12:38 PM
 
REVENUE (M USD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (M USD)
NET INCOME (M USD)
NET INCOME GROWTH (%)
DIV. (USD)
DIV. GROWTH (%)
SHARES (M)
DOCUMENTS
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales National Instruments generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue National Instruments retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare National Instruments's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares National Instruments has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against National Instruments's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

National Instruments stock margins

The National Instruments margin analysis displays the gross margin, EBIT margin, as well as the profit margin of National Instruments. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for National Instruments.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2003
73.77 %
11.34 %
7.84 %
Jan 1, 2004
73.64 %
12.41 %
9.45 %
Jan 1, 2005
73.89 %
13.45 %
10.76 %
Jan 1, 2006
73.76 %
13.28 %
11.01 %
Jan 1, 2007
74.97 %
13.79 %
14.45 %
Jan 1, 2008
74.76 %
11.66 %
10.34 %
Jan 1, 2009
74.89 %
6.87 %
2.53 %
Jan 1, 2010
77.08 %
14.69 %
12.49 %
Jan 1, 2011
76.47 %
11 %
9.19 %
Jan 1, 2012
75.49 %
10.93 %
7.88 %
Jan 1, 2013
73.96 %
8.47 %
6.87 %
Jan 1, 2014
74.42 %
11.75 %
10.15 %
Jan 1, 2015
74.13 %
11.25 %
7.78 %
Jan 1, 2016
74.51 %
9.86 %
6.73 %
Jan 1, 2017
74.54 %
13.81 %
4.06 %

National Instruments Stock Revenue, EBIT, Earnings per Share

The National Instruments earnings per share therefore indicates how much revenue National Instruments has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2003
3.51 USD
0.4 USD
0.28 USD
Jan 1, 2004
4.18 USD
0.52 USD
0.39 USD
Jan 1, 2005
4.71 USD
0.63 USD
0.51 USD
Jan 1, 2006
5.61 USD
0.74 USD
0.62 USD
Jan 1, 2007
6.09 USD
0.84 USD
0.88 USD
Jan 1, 2008
6.88 USD
0.8 USD
0.71 USD
Jan 1, 2009
5.78 USD
0.4 USD
0.15 USD
Jan 1, 2010
7.36 USD
1.08 USD
0.92 USD
Jan 1, 2011
8.45 USD
0.93 USD
0.78 USD
Jan 1, 2012
9.3 USD
1.02 USD
0.73 USD
Jan 1, 2013
9.34 USD
0.79 USD
0.64 USD
Jan 1, 2014
9.73 USD
1.14 USD
0.99 USD
Jan 1, 2015
9.52 USD
1.07 USD
0.74 USD
Jan 1, 2016
9.52 USD
0.94 USD
0.64 USD
Jan 1, 2017
9.81 USD
1.36 USD
0.4 USD

National Instruments business model & stock analysis

National Instruments Corp is a leading international provider of measurement, automation, and embedded system technologies, software, and services. The company was founded in 1976 by James Truchard, Jeff Kodosky, and Bill Nowlin in Austin, Texas. Initially, National Instruments developed hardware and software for musicians, but soon realized there was demand in other application areas. NI's products help engineers and scientists overcome challenges and create innovations. NI offers a wide range of products and services to provide customized solutions for numerous industries such as automotive, biotechnology, aerospace, semiconductor, and many others. The company operates globally and employs approximately 7,300 employees in over 50 countries. NI's core business is the development of measurement and automation systems based on the LabVIEW platform. LabVIEW is a graphical development environment that enables engineers and scientists to develop measurement data, systems, and applications. Sophisticated algorithms and real-time data acquisition are integral components of these systems. NI's automation systems enable remote control of devices, process monitoring, and even autonomous driving of vehicles. Another important business area for NI is embedded systems. NI offers developers embedded systems based on ARM and FPGA technology. These systems are used to control sensors, capture and process data from them, and make decisions, for example. The systems are used in applications ranging from robots to the control of industrial machines. NI also offers a wide range of products and solutions for testing and measurement. This includes hardware, software, and systems used by engineers worldwide to test products at various levels, from component level to the entire system level. Another core business of NI is supporting customers through consulting and training. NI engineers work closely with customers to develop solutions tailored to their needs. In addition, NI offers a variety of training courses to support customers in familiarizing themselves with the technology and solutions. Since its founding in 1976, National Instruments Corp has grown into a globally leading company with a broad offering. NI has advanced the development of automation, measurement, and embedded systems and technologies while enabling manufacturers, engineers, and scientists to implement their innovations faster and more efficiently.

National Instruments SWOT Analysis

Strengths

National Instruments Corp has several key strengths that contribute to its success:

National Instruments Corp is known for its reliable and high-quality products, which has earned it a strong reputation in the industry.

The company possesses extensive technological expertise in the field of automated test and measurement systems, providing it with a competitive edge.

With a presence in multiple countries, National Instruments Corp benefits from a global reach, allowing it to cater to a diverse customer base.

Weaknesses

Despite its strengths, National Instruments Corp also faces certain weaknesses that pose challenges:

The company heavily relies on a few key customers, which exposes it to the risk of revenue fluctuations if those customers reduce their orders.

National Instruments Corp primarily focuses on automated test and measurement systems, which may limit its ability to diversify and explore new markets.

As a supplier to various industries, National Instruments Corp is susceptible to economic downturns, which can impact demand for its products.

Opportunities

There are several opportunities that National Instruments Corp can capitalize on:

As the demand for Internet of Things (IoT) solutions continues to rise, National Instruments Corp can expand its product offerings to cater to this market.

Rapid advancements in technology present opportunities for National Instruments Corp to develop innovative products and solutions, staying ahead of competitors.

National Instruments Corp can explore and enter emerging markets, such as Asia-Pacific and Latin America, to tap into new customer segments.

Threats

National Instruments Corp faces several threats that could impact its business:

The company operates in a highly competitive industry, with the presence of well-established competitors and potential new entrants.

As technology evolves rapidly, National Instruments Corp may face challenges in keeping up with the pace and ensuring its products remain relevant.

Changes in regulations and compliance requirements can pose challenges for National Instruments Corp, impacting its operations and costs.

National Instruments Segments

National Instruments Revenue by Segment (1/2)

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Product
Software maintenance
Details
Date
Product
Software maintenance
Jan 1, 2018
0 USD
0 USD
Jan 1, 2019
0 USD
0 USD
Jan 1, 2020
0 USD
0 USD
Jan 1, 2021
0 USD
0 USD
Jan 1, 2022
1.5 B USD
156.26 M USD

National Instruments Revenue by Segment (2/2)

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Product
Portfolio
Semiconductor & Electronics
Aerospace, Defense & Government
Transportation
Software maintenance
Details
Date
Product
Portfolio
Semiconductor & Electronics
Aerospace, Defense & Government
Transportation
Software maintenance
Jan 1, 2018
7.91 M USD
0 USD
0 USD
0 USD
0 USD
139.11 M USD
Jan 1, 2019
1.22 B USD
0 USD
0 USD
0 USD
0 USD
138.2 M USD
Jan 1, 2020
1.14 B USD
0 USD
0 USD
0 USD
0 USD
149.07 M USD
Jan 1, 2021
1.3 B USD
0 USD
0 USD
0 USD
0 USD
165.07 M USD
Jan 1, 2022
0 USD
510.68 M USD
431.94 M USD
412.57 M USD
301.79 M USD
0 USD

National Instruments Revenue by Region

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Outside The United States
International
Americas
United States
APAC
EMEA
EMEIA
China
Details
Date
Outside The United States
International
Americas
United States
APAC
EMEA
EMEIA
China
Jan 1, 2018
859 M USD
0 USD
87.34 M USD
0 USD
32.74 M USD
0 USD
76.91 M USD
0 USD
Jan 1, 2019
850 M USD
0 USD
538.68 M USD
0 USD
411.11 M USD
0 USD
403.42 M USD
0 USD
Jan 1, 2020
0 USD
604 M USD
508.45 M USD
482 M USD
432.59 M USD
345.64 M USD
0 USD
201 M USD
Jan 1, 2021
0 USD
671 M USD
597.26 M USD
566 M USD
496.8 M USD
375.62 M USD
0 USD
233 M USD
Jan 1, 2022
0 USD
730 M USD
711.83 M USD
687 M USD
514.93 M USD
430.22 M USD
0 USD
240 M USD

National Instruments Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

National Instruments historical P/E ratio, EBIT multiple, and P/S ratio

National Instruments annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

National Instruments shares outstanding

The number of shares was National Instruments in 2025 — This indicates how many shares 132.533 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2003
121.4 M base_Shares
Jan 1, 2004
123.1 M base_Shares
Jan 1, 2005
121.4 M base_Shares
Jan 1, 2006
117.8 M base_Shares
Jan 1, 2007
121.6 M base_Shares
Jan 1, 2008
119.3 M base_Shares
Jan 1, 2009
117 M base_Shares
Jan 1, 2010
118.6 M base_Shares
Jan 1, 2011
121.2 M base_Shares
Jan 1, 2012
123 M base_Shares
Jan 1, 2013
125.6 M base_Shares
Jan 1, 2014
127.8 M base_Shares
Jan 1, 2015
128.7 M base_Shares
Jan 1, 2016
129 M base_Shares
Jan 1, 2017
131.4 M base_Shares

National Instruments Dividend History

21 years of dividend payments

YearAnnual DividendYoY ChangePayments
20230.84USD 25.0%
20221.12USD 3.7%
20211.08USD 3.8%
20201.04USD 4.0%
20191USD 8.7%
20180.92USD 9.5%
20170.84USD 5.0%
20160.8USD 5.3%
20150.76USD 1.3%
20140.75USD 33.9%

National Instruments dividend history and estimates

In 2025, National Instruments paid a dividend amounting to 3.85 USD. Dividend means that National Instruments distributes a portion of its profits to its owners.
  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Invalid Date
0 USD
0.1 USD
Invalid Date
0 USD
0.2 USD
Invalid Date
0 USD
0.2 USD
Invalid Date
0 USD
0.24 USD
Invalid Date
0 USD
0.34 USD
Invalid Date
0 USD
0.44 USD
Invalid Date
0 USD
0.48 USD
Invalid Date
0 USD
0.52 USD
Invalid Date
0 USD
0.45 USD
Invalid Date
0 USD
0.56 USD
Invalid Date
0 USD
0.56 USD
Invalid Date
0 USD
0.75 USD
Invalid Date
0 USD
0.76 USD
Invalid Date
0 USD
0.8 USD
Invalid Date
0 USD
0.84 USD

National Instruments dividend payout ratio

In 2025, National Instruments had a payout ratio of 119%. The payout ratio indicates the percentage of the company's profits that National Instruments distributes as dividends.
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  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2003
16.46 %
Jan 1, 2004
31.34 %
Jan 1, 2005
26.14 %
Jan 1, 2006
25.81 %
Jan 1, 2007
25.76 %
Jan 1, 2008
41.31 %
Jan 1, 2009
213.33 %
Jan 1, 2010
37.68 %
Jan 1, 2011
51.28 %
Jan 1, 2012
76.71 %
Jan 1, 2013
87.5 %
Jan 1, 2014
75.76 %
Jan 1, 2015
102.7 %
Jan 1, 2016
125 %
Jan 1, 2017
215.38 %
Price targets and forecasts for National Instruments are not yet available.

National Instruments Earnings Estimates

National Instruments Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
4/25/20240.6USD424.02 MUSD2024 Q1
1/29/20240.68USD453.23 MUSD2023 Q4
7/26/20230.5USD433.44 MUSD2023 Q2
4/26/20230.47USD427.25 MUSD2023 Q1
1/25/20230.64USD458.31 MUSD2022 Q4
10/27/20220.54USD432.2 MUSD2022 Q3
7/28/20220.17USD395.83 MUSD2022 Q2
4/28/20220.28USD408.76 MUSD2022 Q1
1/27/20220.2USD411.03 MUSD2021 Q4
10/28/20210.18USD379.54 MUSD2021 Q3
...

EESG©

Eulerpool ESG Scorecard© for the National Instruments stock

90/100
99
Environment
99
Social
72
Governance
E

Environment

20
Scope 1 - Direct Emissions1,261
Scope 2 - Indirect emissions from purchased energy15,458
Scope 3 - Indirect emissions within the value chain20,956
Total CO₂ emissions16,719
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees32
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees10
Hispano/Latino Management share9
Percentage of Black employees2
Black Management Share1.5
Percentage of white employees61
White Management Share66.5
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

National Instruments shareholder structure

% Name
9.94876%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
8.40369%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
6.704%
Janus Henderson Investors
Janus Henderson Investors
6.10983%
T. Rowe Price Investment Management, Inc.
T. Rowe Price Investment Management, Inc.
3.21323%
Sarasin & Partners LLP
Sarasin & Partners LLP
3.0185%
William Blair Investment Management, LLC
William Blair Investment Management, LLC
2.98004%
Amundi Asset Management US, Inc.
Amundi Asset Management US, Inc.
2.80525%
State Street Global Advisors (US)
State Street Global Advisors (US)
2.10601%
Wellington Management Company, LLP
Wellington Management Company, LLP
1.69389%
Champlain Investment Partners, LLC
Champlain Investment Partners, LLC
...

National Instruments Executives and Management Board

ES

Mr. Eric Starkloff

(48)

President, Chief Executive Officer, Director · since 2013

Compensation8.4 M USD
RF

Ms. Ritu Favre

(54)

Executive Vice President, General Manager - Business Units

Compensation2.38 M USD
SR

Mr. Scott Rust

(56)

Executive Vice President - Global Operations

Compensation1.97 M USD
MM

Mr. Michael Mcgrath

(73)

Independent Chairman of the Board

Compensation394,516 USD
GD

Ms. Gayla Delly

(63)

Independent Director

Compensation317,016 USD

Frequently asked questions about National Instruments

The business model of National Instruments Corp revolves around providing software and hardware solutions to engineers and scientists worldwide. The company specializes in developing tools and platforms that enable customers to design, prototype, and deploy measurement and automation systems. By offering a wide range of products and services, including data acquisition, test and measurement, automated test equipment, and software applications, National Instruments Corp caters to various industries such as electronics, automotive, aerospace, and academic research. With its focus on empowering customers to innovate and solve complex challenges, National Instruments Corp continues to be a leading player in the technology and engineering space.

All fundamentals and in-depth analysis of National Instruments

Our stock analysis for National Instruments Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of National Instruments Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.