3M raises 2026 earnings outlook after Q3 results

• 3M reported third-quarter 2026 adjusted earnings of $2.50 per share, up 12% year over year, while GAAP diluted EPS rose 70% to $2.63.
• Revenue increased 1% to approximately $6.6 billion, while adjusted sales grew 4.2% and adjusted operating margin expanded to 26.2%.
• 3M raised its 2026 adjusted EPS forecast to $9.10–$9.15, supported by margin improvements, productivity initiatives and an updated outlook incorporating Madison Fire & Rescue.

3M (NYSE:MMM) reported third-quarter 2026 sales of approximately $6.6 billion, up 1%, while adjusted earnings increased 12% to $2.50 per share.

GAAP diluted EPS rose 70% to $2.63, compared with $1.55 a year earlier, while adjusted organic sales growth reached 3.3%.

GAAP operating margin increased 150 basis points to 23.7%, while adjusted operating margin expanded 110 basis points to 26.2%, reflecting stronger profitability.

3M raised its full-year adjusted EPS outlook to $9.10–$9.15 and expects adjusted sales growth above 4.5%, incorporating its Madison Fire & Rescue acquisition.

Operating cash flow totaled $0.5 billion, adjusted free cash flow reached $1.2 billion, and shareholder returns amounted to approximately $0.6 billion.

The industrial manufacturer also expanded its commercial relationship with Amazon to supply optical connectivity and other data center products, supporting its technology growth strategy.