Onsemi (ON) shares jumped over 9% in intraday trading Monday after the maker of power semiconductors and sensors reported better-than-expected quarterly results and record annualಞ automotive sales.

The chipmaker posted fourth-quarter 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $1.25, beating estimates. Revenue declined 4% from a year ago to $2.02 billion, slightly above forecasts. Onsemi said its 2023 automotive revenue shot up 29% to an all-time high of $4.3 billion. Overall full-year revenue of $8.25 billion and EPS of $5.16 were higher than anticipated. 

In the fourth quarter, sales at the company’s Power Solutions Group rose 4% to $1.09 billion. Theꦜy fell 11% at its Advanced Solutions Group to $624.6 million and dropped 13% to $307.7 million at its Intelligent Sensing Group.

CEO Hassane El-Khoury said that the company continued to “transform the business by building resilience into our model.” He added that by doing so, Onsemi was able to “navigate uncertain market conditions and deliver more prꦛedictable and sustainable results.”

Shares of Onsemi were up 9.7% at $77.61 per share as of about 3:30 p.m. ET Monday following the news. Despite Monday’s gain, sha✨res have lost 3.5% over the past year.