Let’s dig into the relative performance of AMETEK (NYSE: AME) and its peers as we unravel the now-completed Q2 internet of things earnings season.

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 strong Q2. As a group, revenues beat analysts’ consensus estimates by 2.1% while next quarter’s revenue guidance was in line.

In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results.

Best Q2: 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 $2.04 billion, up 15% year on year. This print exceeded analysts’ expectations by 4.4%. Overall, it was a very strong quarter for the company with full-year EPS guidance slightly topping analysts’ expectations and EPS guidance for next quarter topping analysts’ expectations.

"AMETEK delivered superb results in the second quarter. Strong organic sales growth, contributions from recent acquisitions, and outstanding operating performance led to high-teens earnings growth, excellent 110 basis points of core margin expansion and record operating performance," stated David A. Zapico, AMETEK Chairman and Chief Executive Officer.

AMETEK pulled off the biggest analyst estimate beat and fastest revenue growth of the whole group. Investor expectations, however, were likely higher than Wall Street’s published projections, leaving some wishing for even better results (analysts’ consensus estimates are those published by big banks and advisory firms, not the investors who make buy and sell decisions). The stock is down 5.1% since reporting and currently trades at $231.44.

We think AMETEK is a good business, but is it a buy today? Read our full report here, it’s free.

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 $39.84 million, up 4% year on year, outperforming analysts’ expectations by 0.6%. The business had a very strong quarter with a solid beat of analysts’ EBITDA estimates and EPS in line with analysts’ estimates.

The market seems happy with the results as the stock is up 24.8% since reporting. It currently trades at $1.31.

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

Slowest Q2: 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 $4.87 billion, up 7% year on year, exceeding analysts’ expectations by 1.5%. Still, it was a mixed quarter as it posted a significant miss of analysts’ EBITDA estimates.

As expected, the stock is down 7.1% since the results and currently trades at $147.64.

Read our full analysis of Emerson Electric’s results here.

Trimble (NASDAQ: TRMB)

Playing a role in the construction of the Paris Grand, Trimble (NASDAQ: TRMB) offers geospatial devices and technology to the agriculture, construction, transportation, and logistics industries.

Trimble reported revenues of $972 million, up 11% year on year. This print surpassed analysts’ expectations by 2.2%. It was a strong quarter as it also logged full-year EPS guidance beating analysts’ expectations and a beat of analysts’ EPS estimates.

Trimble scored the highest guidance raise and highest full-year guidance raise among its peers. The stock is flat since reporting and currently trades at $58.19.

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

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 $756.7 million, down 2.2% year on year. This result beat analysts’ expectations by 1.3%. Overall, it was a strong quarter as it also produced full-year EPS guidance exceeding analysts’ expectations and a solid beat of analysts’ EBITDA estimates.

Vontier had the weakest guidance update, slowest revenue growth, and weakest full-year guidance update in the group. The stock is down 5.8% since reporting and currently trades at $31.67.

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

Market Update

Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership.

Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.

By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.

Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.