Wrapping up Q1 earnings, we look at the numbers and key takeaways for the internet of things stocks, including AMETEK (NYSE: AME) 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 5.5% since the latest earnings results.

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 print exceeded analysts’ expectations by 0.6%. Overall, it was a strong quarter for the company with a solid beat of analysts’ adjusted operating income estimates.

"AMETEK had an excellent start to the year. Strong organic sales growth, contributions from recent acquisitions, and outstanding operating performance led to double-digit earnings growth, record EBITDA and robust core margin expansion of 160 basis points," stated David A. Zapico, AMETEK Chairman and Chief Executive Officer.

Unsurprisingly, the stock is down 1.6% since reporting and currently trades at $224.20.

We think AMETEK is a good business, but is it a buy today? Read our full report 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 a solid beat of analysts’ organic revenue estimates and an impressive beat of analysts’ EBITDA estimates.

Rockwell Automation achieved the biggest analyst estimates beat and fastest revenue growth among its peers. The market seems happy with the results as the stock is up 13.7% since reporting. It currently trades at $455.

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 10.5% since the results and currently trades at $1.28.

Read our full analysis of SmartRent’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 $939.9 million, up 11.8% year on year. This print topped analysts’ expectations by 3.8%. Overall, it was a strong quarter as it also logged a solid beat of analysts’ adjusted operating income and revenue estimates.

Trimble achieved the highest full-year guidance raise among its peers. The stock is down 17.4% since reporting and currently trades at $56.50.

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

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 number came in 0.7% below analysts' expectations. Aside from that, it was a decent 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 down 1.7% since reporting and currently trades at $136.04.

Read our full, actionable report on Emerson Electric 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.

Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.