Comparing the current results to its competitors, National Instruments reported Revenue increase in the 2 quarter 2023 by 5.38 % year on year. The sales growth was above National Instruments's competitors' average revenue growth of 2.27 %, achieved in the same quarter.
National Instruments Corp Net Income in the 2 quarter 2023 grew year on year by 145.23%, while most of its competitors have experienced a contraction in net income by -3.44 %.
National Instruments's Comment on Competition and Industry Peers
The markets in which we operate are characterized by intense competition from
numerous competitors, some of which are divisions of large corporations having
far greater resources than we have, and we may face further competition from
new market entrants in the future. A key competitor is Keysight Technologies
Inc. (“Keysight”) which was formerly part of Agilent. Keysight offers
hardware and software products that provide solutions that directly compete
with our virtual instrumentation products including its own line of PXI based
hardware. Keysight is aggressively advertising and marketing products that are
competitive with our products. Because of Keysight’s strong position in
the instrumentation business, changes in its marketing strategy or product offerings
could have a material adverse effect on our operating results.
We believe our ability to compete successfully depends on a number of factors
both within and outside our control, including:
general market and economic conditions;
our ability to maintain and grow our business with our very large customers;
our ability to meet the volume and service requirements of our very large customers;
success in developing new products;
industry consolidation, including acquisitions by our competitors;
timing of our new product introductions;
new product introductions by competitors;
the ability of competitors to more fully leverage low cost geographies for manufacturing
and/or distribution;
product pricing, including the impact of currency exchange rates;
effectiveness of sales and marketing resources and strategies;
adequate supply of components, subassemblies and materials;
efficiency of manufacturing operations;
strategic relationships with our suppliers;
product quality and performance;
protection of our products by effective use of intellectual property laws;
the financial strength of our competitors;
the outcome of any future litigation or commercial dispute;
barriers to entry imposed by competitors with significant market power in new
markets; and,
government actions throughout the world.
There can be no assurance that we will be able to compete successfully in the
future.
With revenue growth of 5.38 % within Overall company, National Instruments Corp achieved improvement in market share, within Overall company to approximately 13.6 %. << More on NATI Market Share.
*Market share is calculated based on total revenue.
Publicly Traded Peers of National Instruments Corp
Cadence Design Systems Inc Share Performance
-26.34%
This Quarter
Cadence Design Systems Inc
Profile
Cadence Design Systems Inc operates a business model centered around offering electronic design automation (EDA) tools and services to the semiconductor and electronic device manufacturing sectors, enhancing the efficiency and precision of their design processes. Revenue is generated through the sale of software licenses and subscriptions, alongside additional income from customer support and professional services.
Keysight Technologies Inc. operates a business model centered on providing electronic measurement solutions, including instruments, software, and systems for design, testing, and deployment. The focus is on innovation, technical expertise, and customer satisfaction, fostering long-term partnerships and sustainable growth.
Ceva Inc's business model involves providing licensable intellectual property (IP) and semiconductor technologies to other companies for integration into their own products.
Viavi Solutions Inc operates as a provider of network testing, monitoring, and assurance solutions for telecommunications service providers, enterprises, and government entities. The company offers a range of products and services that help ensure the efficiency, performance, and security of network infrastructures.
Sources:
National Instruments Corp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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