National Instruments (Nasdaq: NATI) reported earnings on Aug. 3. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), National Instruments beat expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share stayed the same.

Margins dropped across the board.

Revenue details
National Instruments reported revenue of $292.3 million. The five analysts polled by S&P Capital IQ expected a top line of $279.7 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $253.3 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.21. The four earnings estimates compiled by S&P Capital IQ anticipated $0.21 per share. GAAP EPS of $0.22 were the same as the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 75.8%, 210 basis points worse than the prior-year quarter. Operating margin was 12.0%, 160 basis points worse than the prior-year quarter. Net margin was 9.0%, 150 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $288.1 million. On the bottom line, the average EPS estimate is $0.24.

Next year's average estimate for revenue is $1.14 billion. The average EPS estimate is $0.96.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 387 members out of 408 rating the stock outperform, and 21 members rating it underperform. Among 154 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 149 give National Instruments a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on National Instruments is outperform, with an average price target of $32.50.

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