As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the internet of things industry, including SmartRent (NYSE: SMRT) 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 strong Q4. As a group, revenues beat analysts’ consensus estimates by 2.1% while next quarter’s revenue guidance was in line.

While some internet of things stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 4% since the latest earnings results.

Best Q4: 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 $36.47 million, up 3.1% year on year. This print was in line with analysts’ expectations, and overall, it was an exceptional quarter for the company with EPS in line with analysts’ estimates and an impressive beat of analysts’ EBITDA estimates.

The stock is down 7.1% since reporting and currently trades at $1.43.

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

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 $969.8 million, down 1.4% year on year, outperforming analysts’ expectations by 2.3%. The business had a strong quarter with a solid beat of analysts’ adjusted operating income and revenue estimates.

However, the results were likely priced into the stock as it’s traded sideways since reporting. Shares currently sit at $66.98.

Is now the time to buy Trimble? Access our full analysis of the earnings results 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 $4.35 billion, up 4.1% year on year, in line with analysts’ expectations. It was a slower quarter as it posted a significant miss of analysts’ EBITDA estimates and EPS guidance for next quarter missing analysts’ expectations.

Emerson Electric delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 5.9% since the results and currently trades at $143.13.

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

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 $2.00 billion, up 13.4% year on year. This result beat analysts’ expectations by 2.6%. Aside from that, it was a satisfactory quarter as it also recorded an impressive beat of analysts’ revenue estimates but EPS guidance for next quarter slightly missing analysts’ expectations.

AMETEK achieved the fastest revenue growth among its peers. The stock is up 2.9% since reporting and currently trades at $234.38.

Read our full, actionable report on AMETEK 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 $808.5 million, up 4.1% year on year. This print surpassed analysts’ expectations by 5.7%. Overall, it was a strong quarter as it also logged an impressive beat of analysts’ organic revenue estimates and a solid beat of analysts’ revenue estimates.

Vontier pulled off the biggest analyst estimates beat and highest full-year guidance raise among its peers. The stock is down 8% since reporting and currently trades at $37.45.

Read our full, actionable report on Vontier 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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