National Instruments Corporation (NATI) CEO Eric Starkloff on Q2 2021 Results - Earnings Call Transcript

National Instruments Corporation (NATI) Q2 2021 Earnings Conference Call July 29, 2021 5:00 PM ET

Company Participants

Marissa Vidaurri - Head, Investor Relations
Eric Starkloff - President & Chief Executive Officer
Karen Rapp - Chief Financial Officer

Conference Call Participants

Samik Chatterjee - JPMorgan
John Marchetti - Stifel
Mehdi Hosseini - Susquehanna
Mark Delaney - Goldman Sachs
Rob Mason - Baird

Operator

Good day and thank you for standing by. Welcome to the Q2 2021 NATI Earnings Conference Call. At this time all participants are in a listen-only- mode. After the speaker’s presentation, there will be a question-and-answer session. [Operator Instructions]

I would now like to hand the conference to your host, Ms. Marissa Vidaurri. Please go ahead.

Marissa Vidaurri

Thank you. Good afternoon. We appreciate you joining our Q2 2021 earnings call. I'm joined today by Eric Starkloff, President and Chief Executive Officer; and Karen Rapp, Chief Financial Officer. We will start with an update on our performance in the second quarter before opening up for your questions.

Our discussion today will include forward-looking statements, including, without limitation, those regarding revenue, earnings, gross margins, operating expenses, capital allocation, targets and future business outlook and guidance including supply chain constraints, backlogs and the potential impact of COVID-19 on the company's business and results of operations. We wish to caution you that such statements are just predictions and that actual events or results may differ materially and could be negatively impacted by numerous factors.

We refer you to the documents that the company files regularly with the Securities and Exchange Commission, including the company’s annual report on Form 10-K filed on February 23, 2021 and our quarterly report on Form 10-Q filed on May 3 2021. These documents contain and identify important factors that could cause our actual results to differ materially from those