Sensata Technologies Holding N.V. (ST) saw its stock soar 7.36% on Wednesday during pre-market trading. The surge came after the company reported better-than-expected fourth-quarter revenue, driven by strong performance in its automotive business.

For the quarter ended December 31, 2024, Sensata posted revenue of $908 million, exceeding the guidance range of $870 million to $900 million. The outperformance was attributed to higher-than-anticipated automotive production in both North America and China.

Sensata's strong results were underpinned by its robust portfolio of internal combustion engine (ICE) products and recent share gains in this segment. The company's Performance Sensing unit, which includes its auto and heavy vehicle off-road businesses, reported revenue of $2.74 billion for the full year 2024, roughly flat year-over-year but outgrowing the contracting automotive and heavy vehicle end markets by approximately 350 basis points.