As the Q1 earnings season wraps, let’s dig into this quarter’s best and worst performers in the internet of things industry, including Vontier (NYSE: VNT) and its peers.

Industrial Internet of Things (IoT) companies are buoyed by the secular trend of a more connected world. They often specialize in nascent areas such as hardware and services for factory automation, fleet tracking, or smart home technologies. Those who play their cards right can generate recurring subscription revenues by providing cloud-based software services, boosting their margins. On the other hand, if the technologies these companies have invested in don’t pan out, they may have to make costly pivots.

The 6 internet of things stocks we track reported a mixed Q1. As a group, revenues beat analysts’ consensus estimates by 1.8% while next quarter’s revenue guidance was in line.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 6.1% since the latest earnings results.

Vontier (NYSE: VNT)

A spin-off of a spin-off, Vontier (NYSE: VNT) provides electronic products and systems to the transportation, automotive, and manufacturing sectors.

Vontier reported revenues of $750.6 million, up 1.3% year on year. This print exceeded analysts’ expectations by 1.8%. Despite the top-line beat, it was still a slower quarter for the company with revenue and EPS guidance for next quarter missing analysts’ expectations.

The market seems disappointed with the results as the stock is down 15% since reporting and currently trades at $29.80.

Read our full report on Vontier here, it’s free.

Best Q1: Rockwell Automation (NYSE: ROK)

One of the first companies to address industrial automation, Rockwell Automation (NYSE: ROK) sells products that help customers extract more efficiency from their machinery.

Rockwell Automation reported revenues of $2.24 billion, up 11.9% year on year, outperforming analysts’ expectations by 3.8%. The business had an exceptional quarter with an impressive beat of analysts’ organic revenue and EBITDA estimates.

Rockwell Automation achieved the biggest analyst estimate beat and fastest revenue growth among its peers. The market seems happy with the results as the stock is up 16.8% since reporting. It currently trades at $467.50.

Is now the time to buy Rockwell Automation? Access our full analysis of the earnings results here, it’s free.

Weakest Q1: SmartRent (NYSE: SMRT)

Founded by an employee at a real estate rental company, SmartRent (NYSE: SMRT) provides smart home devices and software for multifamily residential properties, single-family rental homes, and student housing communities.

SmartRent reported revenues of $38.68 million, down 6.4% year on year, exceeding analysts’ expectations by 1.4%. Still, it was a disappointing quarter as it posted a significant miss of analysts’ adjusted operating income estimates.

SmartRent delivered the slowest revenue growth in the group. As expected, the stock is down 22.4% since the results and currently trades at $1.11.

Read our full analysis of SmartRent’s results here.

Emerson Electric (NYSE: EMR)

Founded in 1890, Emerson Electric (NYSE: EMR) is a multinational technology and engineering company providing solutions in the industrial, commercial, and residential markets.

Emerson Electric reported revenues of $4.56 billion, up 2.9% year on year. This print lagged analysts’ expectations by 0.7%. Aside from that, it was a mixed quarter as it also recorded a solid beat of analysts’ adjusted operating income estimates.

Emerson Electric had the weakest performance against analyst estimates among its peers. The stock is up 7.6% since reporting and currently trades at $148.85.

Read our full, actionable report on Emerson Electric here, it’s free.

AMETEK (NYSE: AME)

Started from its humble beginnings in motor repair, AMETEK (NYSE: AME) manufactures electronic devices used in industries like aerospace, power, and healthcare.

AMETEK reported revenues of $1.93 billion, up 11.3% year on year. This result topped analysts’ expectations by 0.6%. Zooming out, it was a satisfactory quarter as it also logged an impressive beat of analysts’ adjusted operating income estimates and full-year EPS guidance meeting analysts’ expectations.

The stock is up 1.9% since reporting and currently trades at $232.10.

Read our full, actionable report on AMETEK here, it’s free.

Market Update

Late in 2025 into early 2026, there was hand-wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?

These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.

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