Spotting Winners: Trimble (NASDAQ:TRMB) And Internet of Things Stocks In Q2

Emerson Electric (EMR) secured a multi-million-dollar contract from BP (BP) for a Caspian Sea project. EMR's Q3 2026 sales grew 7% YoY to $4.87B, with adjusted EBITA margin at 28.5%. BP's Q2 2026 revenue benefited from strong commodity prices, with operating cash flow at $10.9B. Bernstein raised EMR's price target to $186. Both companies are subject to different operational risks and growth prospects.

Trimble (TRMB) reported Q2 2026 revenue of $972M, up 11%, with ARR at $2.51B, up 14%. Non-GAAP EPS was $0.86, up from $0.71. Adjusted EBITDA margin expanded to 28.6%. The company raised full-year revenue and EPS guidance, announced a $1B share repurchase program, and noted a $562M goodwill impairment in T&L. Management highlighted strong growth in AECO and Field Systems segments, and a strategic review of T&L following third-party interest. Q3 revenue guidance is $953M-$978M, with non-GAAP EPS o

Vontier said it acquired EKOS, a cloud-connected fleet, fuel, and EV management software provider, to expand an integrated platform covering fueling infrastructure, vehicle management, EV charging, and operations software. Vontier already offered EKOS as a preferred fuel management option. EKOS says its platform supports 1.2M+ vehicles and 1B+ gallons annually.

Trimble reported Q2 2026 earnings call updates, citing organic strength in AECO and Field Systems and raised full-year guidance. The company targets a 30% EBITDA margin in 2026 and a $1 billion share repurchase authorization. It expects a 400-500 bps Field Systems ARR headwind from replacing a white-label product and notes tariff refund effects in Q2.

Vontier (NYSE:VNT) reported Q2 2026 sales of $756.7 million, down 2.2% on shipment timing, while adjusted diluted EPS was $0.89, above guidance. Core sales were roughly flat and margins rose, aided by tariff refund benefits. Full-year adjusted EPS guidance was raised to $3.45 to $3.55 and revenue to $3.0 to $3.05 billion, alongside EKOS acquisition and Teletrac Navman divestiture.

Vontier (VNT) reported Q2 results above analyst estimates, with revenue of $756.7M vs $746.9M and adjusted EPS of $0.89 vs $0.80. Management cited steady demand in Environmental & Fueling Solutions, cost reduction, and aftermarket sales, while Repair Solutions margins remained a concern with leadership changes. Full-year adjusted EPS guidance was raised to $3.50 midpoint.