3M zvýšila celoroční výhled upraveného EPS na 9,10–9,15 USD poté, co ve třetím čtvrtletí dosáhla upraveného EPS ve výši 2,50 USD, což představuje meziroční nárůst o 12 %.
Q3 GAAP sales of $6.6 billion, up 1.0%; operating margin of 23.7%, up 150 bps; EPS of $2.63, up 70%, all YoY Adjusted sales of $6.6 billion with organic growth of 3.3% YoY Adjusted operating margin of 26.2% on new basis1, up 110 bps YoY Adjusted EPS of $2.50 on new basis1, up 12% YoY Q3 operating cash flow of $0.5 billion with adjusted free cash flow of $1.2 billion 2026 adjusted EPS guidance raised to $9.10 to $9.15, incorporating new basis1 , /PRNewswire/ -- 3M (NYSE: MMM) today reported third-quarter results.
"We delivered another quarter of strong results, including solid sales growth, continued margin expansion, double-digit EPS growth, and robust free cash flow," said William Brown, 3M Chairman and CEO. "Improving productivity through structural transformation and a stronger pipeline of differentiated technologies reinforce our confidence in the full-year outlook and long-term growth and margin potential. I want to thank the 3M team for their focus on customers and disciplined execution, which continues to strengthen our performance and create shareholder value."
Third-quarter highlights:
Q3 2026
Q3 2025
GAAP EPS
$ 2.63
$ 1.55
Special items:
Loss on business divestitures
—
0.30
(Increase) decrease in value of Solventum ownership
(0.60)
0.13
Net costs for significant litigation and PFAS exit
0.19
0.19
Transformation costs
0.08
0.02
Amortization and business acquisition-related costs
0.20
0.04
Adjusted EPS
$ 2.50
$ 2.23
Memo:
GAAP operating income margin
23.7 %
22.2 %
Adjusted operating income margin
26.2 %
25.1 %
Adjusted (non-GAAP) reporting updated to treat amortization of intangible assets as a special item for all periods presented; no material year-on-year impact on new basis. GAAP EPS of $2.63 and operating margin of 23.7%. Adjusted EPS of $2.50, up 12% year-on-year. Adjusted operating income margin of 26.2%, up 110 basis points year-on-year.
Sales of $6.6 billion, up 1.0% year-on-year with organic sales up 0.2% year-on-year. Adjusted sales of $6.6 billion, up 4.2% year-on-year with adjusted organic sales up 3.3% year-on-year. 3M returned $0.6 billion to shareholders via dividends and share repurchases. Cash from operations of $0.5 billion. Adjusted free cash flow of $1.2 billion. 1New basis: Updated non-GAAP reporting treats intangible asset amortization as a special item for all periods presented. The change increases base Q3 adjusted operating income margin by approximately 40 bps and adjusted EPS by approximately $0.04. Year-on-year comparisons are not materially impacted as all periods are reflected on the same basis.
Strategic and operational highlights
The following are recently announced highlights:
3M entered into an expanded strategic commercial relationship with Amazon to deploy and scale 3M's optical connectivity and other Data Center related products. 3M issued a warrant to Amazon to purchase up to 3.2 million shares of 3M common stock based upon the achievement of $6 billion in cumulative sales of optical connectivity and other Data Center related products over the next seven years, and other event-based milestones. 3M is collaborating with Genius Electronic Optical Co., Ltd. (GSEO), an optical technology company, to advance technology development and manufacturing for 3M's Expanded Beam Optics (EBO) solutions. In support of these efforts, 3M is investing to acquire ~4.7% of GSEO's common shares. The collaboration brings together 3M's EBO technology leadership, optical interconnect expertise, materials science, manufacturing scale and customer relationships with GSEO's precision optics manufacturing capabilities and production scale. 3M introduced Cooling Film technology for fleet and rail applications, expanding its portfolio of thermal management solutions for transportation customers. Applied to vehicle roofs, the highly reflective performance film uses thermal management technology to reduce heat buildup and help keep interiors noticeably cooler. 3M showcased how its materials science expertise supports innovation in golf equipment through its collaboration with PING. By pairing PING's expertise in club design and custom manufacturing with 3M's broad portfolio of materials science solutions, the two companies can collaborate on engineering solutions that turn complex technical challenges into repeatable, high-quality results on the course. 3M and BOE established a joint innovation laboratory to accelerate next-generation display technology development. The joint research and development platform brings together BOE's display innovation and end-use application expertise with 3M's materials science capabilities to accelerate higher-performance solutions across LCD, OLED and MLED applications, including improvements in light efficiency, foldable displays and ultra-narrow bezel processes. 3M continued to expand its work with U.S. and international government customers, with third-quarter awards supporting defense, health care, and emergency response needs. Awards included PELTOR™ communication and hearing protection solutions for various U.S. military services and Scott SCBAs for the U.S. Navy, respirator and SCBA products for the National Institutes of Health, and respirators for international customers, reflecting 3M's growing work with government partners around the world. Updated full-year 2026 guidance
3M provided an update to the full-year 2026 guidance provided on July 21, 2026, incorporating the company's performance year-to-date, the acquisition of Madison Fire & Rescue, and a change in non-GAAP treatment of amortization.
Adjusted total sales growth2 of >4.5 percent, reflecting adjusted organic sales growth2 of >3.5 percent. Adjusted EPS2 of $9.10 to $9.15. Adjusted operating cash flow2 of ~$5.9 billion with adjusted free cash flow of ~$4.8 billion. 2As further discussed at 5 within the "Supplemental Financial Information Non-GAAP Measures" sections, 3M cannot, without unreasonable effort, forecast certain items required to develop meaningful comparable GAAP financial measures and, therefore, does not provide them on a forward-looking basis reflecting these items.
Conference call
3M will conduct an investor teleconference at 9 a.m. ET (8 a.m. CT) today. Investors can access this conference via the following:
Live webcast at https://investors.3M.com Webcast replay at https://investors.3m.com/financials/quarterly-earnings Consolidated financial statements and supplemental financial information non-GAAP measures
View the Financial Statement Information on 3M's website: https://investors.3m.com/financials/quarterly-earnings
Forward-looking statements
Certain statements in this document, as well as other filings we make with the United States Securities and Exchange Commission ("SEC") and other written and oral information we release are considered "forward-looking statements" under the federal securities laws, including the Private Securities Litigation Reform Act of 1995, as amended ("PSLRA"). Forward-looking statements may appear throughout this document and are typically identified by the words "aim," "anticipate," "believe," "can," "continue," "could," "estimate," "evaluate," "expect," "forecast," "future," "goal," "guidance," "impact," "initial," "intend," "likely," "may," "outlook," "plan," "possible," "potential," "predict," "probable," "project," "seek," "should," "strategy," "target," "will," "would," and other words that are similar to, or have the opposite meanings of, those words.
All forward-looking statements are intended to enjoy the protection of the PSLRA's safe harbor for forward-looking statements, as well as the protections provided by other securities laws. Forward-looking statements speak only as of the date they are made and the Company assumes no obligation to update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on any of these forward-looking statements.
Although the Company believes it has a reasonable basis for the forward-looking statements it makes, those statements are based on certain assumptions and expectations of future events and trends that are subject to risks and uncertainties. Changes in those assumptions, expectations, or other factors could produce materially different results. The most important risks, uncertainties, and other factors that could cause the Company's actual results to differ from the Company's forward-looking statements include: (1) worldwide economic, political, regulatory, international trade, geopolitical, tariffs, and retaliatory countermeasures, capital markets, and other external conditions, (2) foreign currency exchange rates and fluctuations in those rates, (3) liabilities and contingencies related to PFAS, including liabilities related to claims, lawsuits, and government regulatory proceedings concerning various PFAS-related products and chemistries, as well as risks related to the Company's exit of PFAS manufacturing and work to discontinue use of PFAS across its product portfolio, (4) risks related to the PWS Settlement to resolve claims by public water suppliers in the United States regarding PFAS, as well as risks related to ongoing PFAS-related settlements and claims, (5) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's reports on Form 10-K, 10-Q, and 8-K, as well as compliance risks related to legal or regulatory requirements, government contract requirements, policies and practices, or other matters that require or encourage the Company or its customers, suppliers, vendors, or channel partners to conduct business in a certain way, (6) competitive conditions and customer preferences, (7) the timing and market acceptance of new product and service offerings, (8) the availability and cost of purchased components, compounds, raw materials and energy due to shortages, increased demand and wages, tariffs, supply chain interruptions, or natural or other disasters, (9) unanticipated problems or delays when implementing new business systems and solutions, including with the phased implementation of a global enterprise resource planning system, or security breaches and other disruptions to the Company's information or operational technology infrastructure, (10) use of artificial intelligence technologies, (11) the impact of acquisitions, strategic alliances, divestitures, and other strategic events resulting from portfolio management actions and other evolving business strategies, (12) operational execution, including the extent to which the Company can realize the benefits of planned productivity improvements, as well as the impact of organizational restructuring activities, (13) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans, (14) the Company's credit ratings and its cost of funding, (15) tax-related external conditions, including changes in tax rates, laws, or regulations, (16) matters relating to the Company's Aearo Entities, Combat Arms Earplugs Settlement, and related products, and (17) matters relating to the spin-off of Solventum, the Company's former Health Care business, into an independent public company.
Those risks, uncertainties, and other factors are further described in Part I, Item 1A, "Risk Factors" of the Company's Form 10-K for the year ended December 31, 2025. For additional information concerning factors that may cause actual results to differ materially from the Company's forward-looking statements, see the Company's reports on Form 10-K, 10-Q, and 8-K filed with the SEC from time to time.
About 3M
3M (NYSE: MMM) is focused on transforming industries around the world by applying science and creating innovative, customer-focused solutions. Our multi-disciplinary team is working to solve tough customer problems by leveraging diverse technology platforms, differentiated capabilities, global footprint, and operational excellence. Discover how 3M is shaping the future at 3M.com/news.
Please note that the company announces material financial, business and operational information using the 3M investor relations website, SEC filings, press releases, public conference calls and webcasts. The company also uses the 3M News Center and social media to communicate with our customers and the public about the company, products and services and other matters. It is possible that the information 3M posts on the News Center and social media could be deemed to be material information. Therefore, the company encourages investors, the media and others interested in 3M to review the information posted on 3M's News Center and the social media channels such as @3M or @3MNews.
3M plánuje získat přibližně 4,7% podíl ve společnosti GSEO a spolupracovat na výrobě optických řešení EBO pro datová centra; dokončení investice se očekává ve čtvrtém čtvrtletí roku 2026.
, /PRNewswire/ -- 3M (NYSE: MMM) today announced a collaboration with Genius Electronic Optical Co., Ltd. (GSEO, Taiwan: 3406), an optical technology company, to advance technology development and manufacturing for 3M's Expanded Beam Optical (EBO) solutions. In support of these efforts, 3M expects to make a strategic investment to acquire approximately 4.7% of GSEO's common shares as part of the company's private placement of newly issued shares, subject to customary closing conditions.
The collaboration brings together 3M's EBO technology leadership, optical interconnect expertise, materials science, manufacturing scale and customer relationships with GSEO's precision optics manufacturing capabilities and production scale. Together, the companies aim to support EBO commercialization and long-term capacity expansion to meet growing demand from hyperscale data centers and other advanced connectivity applications.
"3M is investing in capabilities and partnerships that can accelerate innovation for our customers," said William Brown, 3M Chairman and CEO. "By selecting GSEO as a manufacturing partner and investing in the company, we are strengthening the path to scale next-generation optical connectivity solutions for high-performance data center infrastructure."
GSEO's existing precision optics manufacturing capabilities and technical development experience are expected to support manufacturing readiness for 3M's EBO ferrules, co-packaged optics solutions and related optical interconnect applications. The collaboration is part of 3M's broader EBO ecosystem strategy, which includes continued work with customers and partners across the optical interconnect market.
"GSEO is pleased to expand its relationship with 3M as we work together to advance optical interconnect solutions for next-generation data center infrastructure," said Micro Kuo, GSEO CEO and President. "This collaboration brings together complementary technology and manufacturing strengths to support continued innovation and help meet the performance demands of high-growth connectivity markets."
3M expects the strategic investment to close in the fourth quarter of 2026, subject to customary closing conditions.
Forward-Looking Statements
Certain statements in this release are considered "forward-looking statements" under the federal securities laws, including the Private Securities Litigation Reform Act of 1995, as amended, and are intended to enjoy the protection of those laws. Forward-looking statements may appear throughout this release and are typically identified by the words "aim," "anticipate," "believe," "can," "continue," "could," "estimate," "evaluate," "expect," "forecast," "future," "goal," "guidance," "impact," "initial," "intend," "likely," "may," "outlook," "plan," "possible," "potential," "predict," "probable," "project," "seek," "should," "strategy," "target," "will," "would," and other words that are similar to, or have the opposite meanings of, those words. Forward-looking statements speak only as of the date they are made, 3M assumes no duty to update those statements, and readers are cautioned not to place undue reliance on any of those statements. Forward-looking statements are based on certain assumptions and expectations of future events and trends that are subject to risks and uncertainties, including those described in Part I, Item 1A, "Risk Factors" of 3M's Form 10-K for the year ended December 31, 2025.
About 3M
3M (NYSE: MMM) is focused on transforming industries around the world by applying science and creating innovative, customer-focused solutions. Our multi-disciplinary team is working to solve tough customer problems by leveraging diverse technology platforms, differentiated capabilities, global footprint, and operational excellence. Discover how 3M is shaping the future at 3M.com/news.
Industrial conglomerate 3M (MMM.N) said on Monday it was expanding its commercial relationship with Amazon (AMZN.O) and had issued a warrant to an Amazon subsidiary, allowing it the right to buy 3M common stock worth over $521 million.
Shares of 3M were up more than 5% in extended trading after the announcement.
Here are more details:
3M said it has issued a warrant to a wholly owned Amazon subsidiary, giving it the right to purchase up to 3.16 million 3M shares over the next seven years at $164.89 per share
The agreement expands 3M's commercial relationship with the e-commerce major at a time major technology companies are increasing spending on data-center infrastructure to support AI and cloud-computing growth
3M said about 85% of the warrant shares will become available as Amazon buys optical connectivity and other data-center products from 3M, with that portion becoming fully vested once total purchases hit $6 billion
The remaining 15% of the shares will vest once certain milestone-based conditions are met
In July, Microsoft became the first hyperscaler to adopt 3M's Expanded Beam Optics technology in AI data centers
US conglomerate 3M (MMM.N) plans to argue a landmark case brought by Australia over contamination from the company's use of PFAS "forever chemicals" in its firefighting foam is legally flawed, a court heard on Friday.
The claim against the Minnesota-based chemicals maker and its local unit is the largest ever brought by Australia, and seeks more than A$2 billion ($1.38 billion) in damages for past and future costs of contamination across 28 military bases where 3M's products were used.
Australia's case is that 3M knew or ought to have known the foam it made and supplied could damage the environment and harm people, but it failed to warn the government.
The foam's pollution interfered with people's ability to use and enjoy the water and land around the bases, creating what the government says amounted to a "public nuisance" under Australian law for which 3M should pay compensation.
"On Australian authority, the pleaded case does not comprise public nuisance," 3M's barrister Philip Solomon said at the first case management hearing for the lawsuit on Friday.
"The allegation against us alleged that we, the respondents, had the means to abate the nuisance, that we caused the nuisance, that were responsible for the particular or the special loss associated with the nuisance, and that in a broad sense, we had the ability to control the discharge of the nuisance," he added.
"We will in a number of pages set out why public nuisance as pleaded is not available."
In its defence, expected to be filed on December 11, 3M also plans to question whether another part of Australia's case — that the company breached consumer protection laws by making misleading claims about the foam's features and safety — was time-barred because the alleged conduct occurred decades ago, Solomon said.
PFAS are a group of manufactured chemicals that are widely used in products resistant to heat, stains, grease and water.
Research has linked exposure to PFAS to health issues including liver damage, lower birth weight and testicular cancer.
3M, which has faced thousands of lawsuits over alleged PFAS contamination, sold the firefighting foam in Australia from 1966 to 2003.
Australia has spent A$1.3 billion in dealing with the impacts of the contamination on the bases, including paying A$408 million in legal settlements to affected communities.
The defence department has also treated or removed more than 200,000 metric tons of contaminated soil and treated more than 13 billion litres of water.
3M Company (NYSE:MMM) will release earnings for its third quarter before the opening bell on Tuesday, Oct. 20.
Analysts expect the Saint Paul, Minnesota-based company to report quarterly earnings of $2.39 per share, up from $2.19 per share in the year-ago period. The consensus estimate for MMM’s quarterly revenue is $6.61 billion. It reported $6.32 billion last year, according to Benzinga Pro.
On July 21, 3M reported better-than-expected third-quarter financial results and raised its FY26 adjusted EPS guidance above estimates.
3M shares gained 0.6% to trade at $163.79 on Wednesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
JP Morgan analyst Chigusa Katoku maintained an Overweight rating and cut the price target from $205 to $185 on Oct. 9, 2026. This analyst has an accuracy rate of 53%.
Wells Fargo analyst Stephen Tusa initiated coverage on the stock with an Equal-Weight rating and a price target of $195 on Sept. 25, 2026. This analyst has an accuracy rate of 71%.
Mizuho analyst Brett Linzey maintained a Neutral rating and raised the price target from $160 to $180 on July 23, 2026. This analyst has an accuracy rate of 71%.
UBS analyst Amit Mehrotra maintained a Buy rating and raised the price target from $190 to $218 on July 22, 2026. This analyst has an accuracy rate of 76%.
Citigroup analyst Andrew Kaplowitz maintained the stock with a Neutral rating and increased the price target from $166 to $183 on July 22, 2026. This analyst has an accuracy rate of 80%.
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3M ve 2. čtvrtletí 2026 zvýšila upravenou provozní marži o 40 bazických bodů na 24,9 % a za celý rok očekává růst o 70–80 bazických bodů navzdory vyšším nákladům.
Key Takeaways 3M lifted its adjusted operating margin by 40 basis points to 24.9% in the second quarter of 2026.3M expects 2026 adjusted operating margins to expand 70-80 basis points year over year.Higher tariffs, oil prices and PFAS exit costs pushed cost of sales up 4.7% year over year.
3M Company (MMM - Free Report) is implementing structural initiatives to enhance operating efficiency and support margin improvement. The company is reducing its corporate center, optimizing its geographic footprint, simplifying its supply chain, aligning go-to-market strategies with customer needs and adjusting manufacturing roles to production volumes. These measures are expected to reduce operating costs, support margin improvement and strengthen cash flow over the long term.
The company had completed most of its restructuring initiatives by the end of 2025. MMM is now shifting its focus toward longer-term transformation, including redesigning its supply-chain network and deploying AI-driven tools across its operations. In the second quarter of 2026, these efforts, combined with strong organic volume and productivity gains, helped lift 3M’s adjusted operating margin by 40 basis points year over year to 24.9%. For 2026, the company expects adjusted operating margins to expand 70-80 basis points year over year.
However, rising costs may hinder MMM’s ability to sustain this margin momentum. In the second quarter of 2026, its cost of sales increased 4.7% year over year, while cost of sales as a percentage of total revenues rose 120 basis points to 58.7%. Higher tariff-related costs, rising oil prices and cost dis-synergies associated with the PFAS manufacturing exit contributed to the increase.
Overall, 3M’s restructuring and productivity initiatives are supporting margins, although persistent cost pressures remain a concern. In the quarters ahead, ongoing productivity gains and disciplined cost management are expected to support the company’s profitability.
Segmental Snapshot of MMM’s PeersAmong 3M’s major peers, Honeywell Technologies (HON - Free Report) has been dealing with the adverse impacts of the high cost of sales and operating expenses. On a consolidated basis, HON’s total cost of sales, comprising the cost of products and services sold, was up 7.2% year over year in the second quarter. Honeywell Technologies’ research and development expenses surged 14.2% year over year in the same period. Its operating margin fell 190 basis points to 17.9%.
Another peer of MMM, Carlisle Companies Incorporated (CSL - Free Report) , has been dealing with elevated raw-material and freight costs, particularly for petroleum-based inputs affected by the Middle East conflict and related supply disruptions. Not only is this pushing up Carlisle’s direct expenses, but it is also weighing on margins as pricing realization lags cost inflation. In the second quarter of 2026, Carlisle’s cost of sales increased 10.3% year over year to $1.0 billion and represented 63.8% of revenues compared with 62.7% a year ago.
The Zacks Rundown for MMMShares of 3M have gained 5.9% in the past year against the industry’s decline of 24.4%.
Image Source: Zacks Investment Research
From a valuation standpoint, 3M is trading at a forward price-to-earnings ratio of 16.60X, above the industry average of 14.30X. MMM carries a Value Score of D.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for MMM’s earnings for 2026 has increased 0.1% in the past 60 days.
Image Source: Zacks Investment Research
MMM stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways MMM's Safety and Industrial segment posted broad-based growth across key end markets in 2026.Industrial adhesives and tapes sales rose 13%, while personal safety sales increased 9.4% in Q2.Organic sales grew 8.2%, with new products and productivity gains supporting segment performance. 3M Company’s (MMM - Free Report) Safety and Industrial segment remains a key growth driver, supported by broad-based demand across its major end markets. The segment continues to benefit from strength in industrial adhesives and tapes, electrical, industrial specialties and personal safety end markets. In the second quarter of 2026, sales of industrial adhesives and tapes increased 13% year over year, while personal safety sales rose 9.4%. Electrical and industrial specialties also delivered solid growth, with sales advancing 12% and 10.9%, respectively, during the quarter.
Stable demand for electrical infrastructure products, including medium-voltage cable accessories and insulation tapes, further supported performance. New product launches, along with rising demand for industrial adhesives and electronics bonding solutions, also bode well for the segment. Organic sales increased 8.2% year over year in the second quarter of 2026. The operating income margin expanded year over year, supported by higher sales and productivity gains. However, the improvement was partly offset by tariff-related impacts and continued investments to support long-term growth.
Supported by strength across its businesses, 3M provided an upbeat outlook for 2026. The company expects total adjusted organic sales to increase more than 3.5% year over year, while adjusted earnings are projected to range between $8.80 and $8.95 per share. At the midpoint of $8.875, the earnings outlook represents an improvement from the $8.06 per share reported in 2025.
Segmental Performance of MMM’s Peers in Q2Among 3M’s major peers, Honeywell Technologies (HON - Free Report) is witnessing softness in the Process Automation and Technology segment. In second-quarter 2026, the segment’s organic revenues decreased 1% on a year-over-year basis. This decline was attributable to a 6% drop in organic sales in the aftermarket business owing to lower refining catalyst shipments and project delays. Also, reduced customer demand in the Middle East due to ongoing geopolitical tensions hurt Honeywell’s results.
Another peer of MMM, Carlisle Companies Incorporated (CSL - Free Report) , is experiencing strength in its Construction Materials segment. Revenues from Carlisle’s Construction Materials segment increased 7.8% year over year to $1.18 billion in the second quarter of 2026. Organic revenues rose 7.7%, driven by healthy re-roofing demand, strategic initiatives and strong commercial execution, partly offset by continued softness in commercial new construction.
The Zacks Rundown for MMMShares of 3M have gained 1.2% in the year-to-date period against the industry’s decline of 18.1%.
Image Source: Zacks Investment Research
From a valuation standpoint, 3M is trading at a forward price-to-earnings ratio of 16.84X, above the industry average of 14.39X. MMM carries a Value Score of C.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for MMM’s earnings for 2026 and 2027 has increased 0.6% and 0.9%, respectively, in the past 60 days.
Image Source: Zacks Investment Research
MMM stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
3M v prvním pololetí 2026 vrátila svým akcionářům 3,813 miliardy USD na dividendách a zpětných odkupech. Po druhém čtvrtletí jí v rámci programu zpětného odkupu akcií zbývalo asi 1,8 miliardy USD.
Key Takeaways 3M returned $3.8 billion through dividends and buybacks in the first six months of 2026.3M had about $1.8 billion remaining under its share repurchase authorization after the second quarter.3M expects adjusted operating cash flow of $5.8-$6.0 billion and free cash flow conversion above 100%. 3M Company (MMM - Free Report) operates as a diversified technology firm with a strong presence across industrial, electrical, transportation, consumer and home care markets. It has manufacturing operations across the globe and serves a diversified customer base.
The company’s commitment to reward its shareholders through dividends and share buybacks is encouraging. In the first six months of 2026, the company rewarded its shareholders with $813 million in dividends and $3 billion in buybacks. Also, in 2025, it paid dividends worth $1.6 billion and repurchased shares for about $3.3 billion.
Its worth noting that in February 2025, 3M's board authorized a share repurchase program of up to $7.5 billion, replacing the November 2018 program. This authorization has no expiration date. Exiting the second quarter of 2026, 3M had approximately $1.8 billion remaining under its share repurchase program. Also, in February 2026, it hiked its quarterly dividend by 6.8%.
For 2026, 3M expects total revenue growth (on an adjusted basis) to be above 4.5%. It expects its adjusted free cash flow conversion rate to be more than 100%, with adjusted operating cash flow of $5.8-$6.0 billion. The company’s focus on maintaining strong liquidity should support its shareholder-friendly policies.
Do MMM’s Peers Focus on Returning Capital to Shareholders?GE Aerospace (GE - Free Report) repurchased shares for $4.2 billion and paid dividends of $873 million to its shareholders in the first half of 2026. GE Aerospace also raised its dividend by 30.6% to 36 cents per share in February 2026. GE expects to generate a free cash flow of $8.9-$9.2 billion in 2026, much higher than $8.0-$8.4 billion guided previously.
Howmet Aerospace (HWM - Free Report) paid dividends of $97 million in the first six months of 2026, and in July 2026, it hiked its dividend by 17% to 14 cents per share (annually: 56 cents). On a year-to-date basis through July, HWM repurchased shares worth $800 million. As of Aug. 6, 2026, Howmet’s total share repurchase authorization available was $697 million.
The Zacks Rundown for MMM
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Shares of 3M have gained 3.6% in the past year against the industry’s decline of 27.8%.
Image Source: Zacks Investment Research
From a valuation standpoint, 3M is trading at a forward price-to-earnings ratio of 16.98X, above the industry average of 14.35X. MMM carries a Value Score of D.
3M uvedla, že postupuje k cílům pro rok 2027 a těží z vyšších marží, silnějšího organického růstu a rychlejších uvedení nových produktů. V datových centrech vidí trh s potenciálem téměř 2 miliard USD.
3 Stocks Whose Charts May Be Signaling the Next Big Move3M NYSE: MMM Chairman and CEO Bill Brown said the company is making progress on operational execution, product innovation and structural transformation as it works toward targets outlined at its 2027 investor day.
Speaking at a company news event, Brown said his approximately 2.5 years leading 3M have centered on a “back to basics” approach across operations, supply chain, innovation and commercial execution. He also cited efforts to build a culture focused on accountability, rigor, speed and urgency.
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3M's Redemption Arc: Can Q2 Earnings Change the Narrative?Brown said the company has seen more sustained organic growth, higher margins, an increased pace of new-product introductions and improved sales-force activity. He said 3M is tracking ahead of the targets it set at its investor day at the beginning of last year.
Operational performance and customer service Brown highlighted improvements in on-time, in-full delivery, or OTIF, which he said had risen from the low-80% range to about 90% consistently across the company. The consumer business is operating more consistently in the mid-90% range, he said.
Target the Red-Hot Spin-Off and Merger Space With These ETFsWhile describing the result as progress, Brown said the company has not yet reached its desired performance level. He said the next stage of operational improvement will involve raising service levels while reducing inventory and shortening delivery lead times for customers.
“If you could do all those three together, that’s what we’re trying to do,” Brown said.
Improved service levels have helped reduce a customer attrition issue that rose when service levels declined, according to Brown. He said 3M is also using artificial-intelligence tools to identify potential customer churn and trigger proactive sales and management follow-up. OTIF is one factor in retention, he said, along with quality, performance and price.
Innovation push and data-center opportunity Brown said 3M has directed 80% of its research-and-development spending toward priority verticals where it believes it has differentiated technology and a right to win. The company has also centralized R&D governance and increased on-time project assessments to about 80%, he said.
New-product launches have accelerated from about 125 products annually three years ago to 284 last year. Brown said 3M expects to launch more than 350 products this year. Its five-year New Product Vitality Index, a measure of sales from products introduced over the prior five years, has risen from 11% to the mid-teens, he said. Brown said the company aims to reach about 20% by the end of next year, compared with a historical level near 25%.
Brown said innovation is expected to account for more than half of roughly $400 million in growth above the macroeconomic backdrop this year. Over time, he said, 3M intends to shift from incremental projects toward efforts that serve adjacent markets and new businesses.
One area of focus is data centers. Brown said 3M’s expanded beam optics, or EBO, technology provides durable, dust-resistant fiber-to-fiber connections and has been shown to reduce installation costs by 85%. Microsoft has standardized on EBO for its Azure data centers under a strategic partnership announced earlier this year, Brown said.
Five other global hyperscalers are conducting qualifications and proofs of concept, according to Brown. He said 3M is doubling internal EBO production capacity this year, while also using contract manufacturing and licensing to help establish an ecosystem around the technology.
3M has formed an industry group with 44 companies, including hyperscalers, chip designers, connector companies and contract manufacturers, Brown said. The company holds about 100 patents in the EBO space and has another 50 pending, according to Brown. Brown said the EBO market opportunity is approaching a total addressable market of $2 billion in the next year or two. 3M’s overall data-center business generated about $600 million last year, Brown said. Beyond optical and copper interconnects, the company provides cable terminations and splices and sees demand for its heat-resistant Nextel ceramic fiber in certain behind-the-meter applications, including fuel cells.
Growth, pricing and portfolio actions Brown pointed to 5.4% organic growth in the second quarter and 3.3% growth in the first half. Safety & Industrial growth exceeded 8% in the second quarter, while Transportation & Electronics grew nearly 6%, he said. Consumer declined slightly, though Brown said point-of-sale trends improved.
The company expects organic growth of more than 3.5% for the year, implying an acceleration in the second half, Brown said. He cited aerospace and defense, semiconductors, data centers, commercial vehicles and broad industrial activity as areas of momentum, while noting pressure in consumer electronics and some automotive markets.
On pricing, Brown said 3M expects about 1.5 percentage points of price increases for the year, including roughly 2% in the second half. He said the company expects oil-related input-cost headwinds of $150 million to $175 million and plans to offset them dollar for dollar through pricing.
Brown also said 3M continues to review its portfolio. He cited the completed exit from its Precision Grinding & Finishing business, which involved seven factories, and the acquisition of Madison Fire & Rescue alongside a private-equity partner. The fire-safety business is growing at a high-single-digit rate and had EBITDA margins above the company average at acquisition, he said.
Structural cost program As 3M shifts from what Brown described as a holding-company model toward an integrated operating company, it is pursuing efficiencies across factories, supply chains and back-office functions including information technology, human resources and finance.
The company had 110 factories and 84 distribution centers at the end of last year, Brown said. Its factory count is now below 100, with additional sites under analysis or in various stages of execution. He said factory consolidation will be a methodical three- to five-year effort and could support margin expansion beyond 2027.
Brown said 3M is tracking above its goal of reaching a 25% operating margin by next year. Artificial intelligence is expected to help streamline supply-chain processes and accelerate innovation, including through digital modeling and tools that connect sales teams, customers and researchers, he said.
About 3M (NYSE:MMM)3M Company is a diversified technology and manufacturing company headquartered in St. Paul, Minnesota. Founded in 1902 as Minnesota Mining and Manufacturing Company, it initially supplied abrasives and other materials before expanding into a broad range of science-based products and technologies.
The company develops products for industrial, transportation, electronics, safety and consumer markets. Its offerings include personal protective equipment, industrial adhesives and tapes, abrasives, filtration products, electrical materials, automotive solutions, medical and dental products, and consumer brands such as Post-it Notes and Scotch products.
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3M ve 2. čtvrtletí zvýšila tržby divize Transportation & Electronics o 6,2 % na 2,07 mld. USD a provozní zisk o 5 % na 503 mil. USD. Firma zároveň na rok 2026 čeká růst upravených organických tržeb nad 3,5 % a upravený EPS v rozmezí 8,80 až 8,95 USD.
Key Takeaways 3M's Transportation & Electronics revenues rose 6.2% to $2.07 billion in the second quarter.Semiconductor, data center and aerospace markets grew in double digits in the first six months.3M expects 2026 adjusted organic sales growth above 3.5% and adjusted EPS of $8.80-$8.95. 3M Company (MMM - Free Report) is benefiting from persistent strength in the Transportation and Electronics segment. Strong performance across semiconductor, data center, aerospace and commercial branding markets, supported by solid demand for products and broader sales coverage, is augmenting the segment.
In second-quarter 2026, Transportation & Electronics segment’s revenues reached $2.07 billion, up 6.2% from the prior-year period. Organic revenues for the segment rose 5.9% year over year in the quarter. Foreign currency translation contributed a favorable 0.5% impact on revenues, while divestiture had an adverse impact of 0.2%. The segment’s second-quarter operating income increased 5% year over year to $503 million.
In the first six months of the year, 3M’s semiconductor, data center and aerospace markets grew in double digits, while commercial branding increased in the mid-single digits. However, continued softness in auto and consumer electronics markets has been a concern for the segment.
Driven by strength across the majority of its businesses, 3M provided an upbeat outlook for 2026. The company currently expects total adjusted organic sales to increase more than 3.5% year over year, while adjusted earnings are projected to range between $8.80 and $8.95 per share. The midpoint of the guided range is about $8.875, which reflects an increase from earnings of $8.06 per share reported in 2025.
Segmental Performance of MMM’s Peers in Q2Emerson Electric Co. (EMR - Free Report) is witnessing solid momentum in the power and life sciences markets, within the Control Systems & Software group under the Software & Systems segment. Sales from Emerson’s Software & Systems segment increased 11% year over year to $1.64 billion in the third quarter of fiscal 2026.
Honeywell International Inc. (HON - Free Report) is experiencing softness in the Process Automation and Technology segment. In second-quarter 2026, the segment’s organic revenues decreased 1% on a year-over-year basis. This decline was attributable to a 6% drop in organic sales in Honeywell’s aftermarket business owing to lower refining catalyst shipments. Also, reduced customer demand in the Middle East due to ongoing geopolitical tensions hurt Honeywell’s results.
The Zacks Rundown for MMM
Image Source: Zacks Investment Research
Shares of 3M have gained 11.2% in the past six months against the industry’s decline of 21.2%.
Image Source: Zacks Investment Research
From a valuation standpoint, 3M is trading at a forward price-to-earnings ratio of 17.7X, above the industry average of 14.9X. MMM carries a Value Score of D.
3M těží ze silné poptávky v segmentu Safety and Industrial; ve 2. čtvrtletí 2026 vzrostly tržby u průmyslových lepidel a pásek o 13 % a u osobní ochrany o 9,4 %.
Key Takeaways 3M's Safety and Industrial segment benefited from broad-based demand across key end markets.3M saw Q2 sales rise 13% in industrial adhesives and tapes and 9.4% in personal safety.3M expects 2026 adjusted organic sales to grow more than 3.5%, with EPS of $8.80-$8.95. 3M Company’s (MMM - Free Report) Safety and Industrial segment continues to provide solid support to its overall growth, driven by broad-based demand across key end markets. The segment is seeing strength across industrial adhesives and tapes, electrical, industrial specialties and personal safety markets. In the second quarter of 2026, sales in industrial adhesives and tapes climbed 13%, while personal safety sales advanced 9.4% year over year. Electrical and industrial specialties markets also posted strong growth of 12% and 10.9% in the second quarter, respectively.
Stable demand for electrical infrastructure products like medium voltage cable accessories and insulation tapes further aided performance. Also, new product launches and an increase in demand for industrial adhesives and electronics bonding solutions bode well for it. The segment’s organic sales increased 8.2% year over year in the second quarter. The segment’s operating income margin improved year over year, benefiting from higher sales and productivity gains, although the improvement was partly offset by tariff impacts and ongoing investments to support business growth.
Supported by strength across its businesses, 3M provided an upbeat outlook for 2026. The company expects total adjusted organic sales to increase more than 3.5% year over year, while adjusted earnings are projected to range between $8.80 and $8.95 per share. At the midpoint of $8.875, the earnings outlook represents an improvement from the $8.06 per share reported in 2025.
Segmental Performance of MMM’s Peers in Q2.Among 3M’s major peers, Carlisle Companies Incorporated (CSL - Free Report) is experiencing strength in its Construction Materials segment. Revenues from Carlisle’s Construction Materials segment increased 7.8% year over year to $1.18 billion in the second quarter of 2026. Organic revenues rose 7.7%, driven by healthy re-roofing demand, strategic initiatives and strong commercial execution, partly offset by continued softness in commercial new construction.
Another peer of MMM, Honeywell International Inc. (HON - Free Report) is witnessing softness in the Process Automation and Technology segment. In second-quarter 2026, the segment’s organic revenues decreased 1% on a year-over-year basis. This decline was attributable to a 6% drop in organic sales in the aftermarket business owing to lower refining catalyst shipments and project delays. Also, reduced customer demand in the Middle East due to ongoing geopolitical tensions hurt Honeywell’s results.
The Zacks Rundown for MMMShares of 3M have gained 7.4% in the year-to-date period against the industry’s decline of 13.4%.
Image Source: Zacks Investment Research
From a valuation standpoint, 3M is trading at a forward price-to-earnings ratio of 18.07X, above the industry average of 15.06X. MMM carries a Value Score of D.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for MMM’s earnings for 2026 and 2027 has increased 2.9% and 4.4%, respectively, in the past 60 days.
Image Source: Zacks Investment Research
MMM stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
3M ve 2. čtvrtletí 2026 zvýšila upravenou provozní marži na 24,9 % díky restrukturalizaci a vyšší produktivitě. Náklady ale rostly: náklady na prodané zboží stouply o 4,7 % a podíl na tržbách na 58,7 %.
Key Takeaways 3M's restructuring and productivity gains lifted adjusted operating margin to 24.9% in Q2 2026.Supply-chain redesign and AI tools are driving its longer-term transformation and efficiency efforts.Higher tariffs, oil prices and PFAS exit costs pushed cost of sales higher, pressuring margin momentum. 3M Company (MMM - Free Report) is taking structural measures to improve operating efficiency and strengthen margins. The company has been reducing the size of its corporate center, streamlining its geographic footprint, simplifying its supply chain, aligning go-to-market models with customers and optimizing manufacturing roles based on production volumes. These initiatives are expected to lower operating costs while supporting margins and cash flow over the long term.
MMM completed most of the restructuring actions by the end of 2025. The company is now shifting its focus toward longer-term transformation, including redesigning its supply-chain network and deploying AI-driven tools across its operations. In the second quarter of 2026, these efforts, combined with strong organic volume and productivity gains, helped lift 3M’s adjusted operating margin by 40 basis points year over year to 24.9%. For 2026, 3M expects adjusted operating margins to expand 70-80 basis points year over year.
However, rising costs could challenge the company’s ability to sustain this margin momentum. In the second quarter of 2026, cost of sales increased 4.7% year over year, while cost of sales as a percentage of total revenues rose 120 basis points to 58.7%. Higher tariff-related costs, rising oil prices and cost dis-synergies associated with the PFAS manufacturing exit contributed to the increase.
Overall, 3M’s restructuring and productivity initiatives are supporting margins, although persistent cost pressures remain a concern. Going forward, continued productivity improvements and cost-control measures are expected to help the company maintain healthy profitability.
Segmental Snapshot of MMM’s PeersAmong 3M’s major peers, Carlisle Companies Incorporated (CSL - Free Report) has been dealing with elevated raw-material and freight costs, particularly for petroleum-based inputs affected by the Middle East conflict and related supply disruptions. Not only is this pushing up Carlisle’s direct expenses, but it is also weighing on margins as pricing realization lags cost inflation. In the second quarter of 2026, Carlisle’s cost of sales increased 10.3% year over year to $1.0 billion and represented 63.8% of revenues compared with 62.7% a year ago.
MMM’s another peer, Honeywell Technologies (HON - Free Report) , has been dealing with the adverse impacts of the high cost of sales and operating expenses. On a consolidated basis, HON’s total cost of sales, comprising the cost of products and services sold, was up 7.2% year over year in the second quarter. Honeywell Technologies’ research and development expenses surged 14.2% year over year in the same period. Its operating margin fell 190 basis points to 17.9%.
The Zacks Rundown for MMMShares of 3M have gained 14.3% in the past year against the industry’s decline of 25.1%.
Image Source: Zacks Investment Research
From a valuation standpoint, 3M is trading at a forward price-to-earnings ratio of 18.95X, above the industry average of 15.63X. MMM carries a Value Score of D.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for MMM’s earnings for 2026 has increased 2.9% in the past 60 days.
Image Source: Zacks Investment Research
MMM stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
3M uvedla, že organické tržby jejího Consumer segmentu ve 2. čtvrtletí 2026 klesly o 2,1 % po poklesu o 1,3 % v 1. čtvrtletí. Slabá poptávka po balení, expression a domácích vylepšeních dál brzdí oživení.
Key Takeaways 3M's Consumer organic sales fell 2.1% in Q2 2026 after declining 1.3% in the first quarter.Weak packaging, expression and home improvement demand continues to weigh on 3M's Consumer segment.3M expects muted hardline spending near term, while Safety and Industrial momentum supports growth. 3M Company (MMM - Free Report) has been grappling with weakness in its Consumer business segment. Softness in the consumer retail end markets, owing to cautious consumer discretionary spending and lower retailer inventory levels, has been a major concern for the segment. This is reflected in the Consumer segment’s organic sales, which decreased 2.1% in the second quarter of 2026, following a decline of 1.3% in the first quarter.
There has been a particular weakness in the packaging & expression and home improvement businesses. Amid this, the Federal Reserve’s cautious approach regarding interest rate adjustments, with the possibility of rate hikes to combat inflation, is expected to further delay the segment’s recovery. Consumer spending on hardline goods is expected to remain muted and hurt the segment’s performance in the near term.
Despite this, 3M is poised to benefit from the continued strength in its Safety and Industrial segment. Strong momentum in abrasives, industrial adhesives and tapes, specialties, roofing granules, personal safety and electrical markets bodes well for the company’s growth in the quarters ahead.
Segmental Performance of MMM’s Peers in Q2Among 3M’s major peers, Carlisle Companies Incorporated (CSL - Free Report) is experiencing strength in its Construction Materials segment. In second-quarter 2026, revenues from Carlisle’s Construction Materials segment increased 7.8% year over year to $1.18 billion. Organic revenues rose 7.7%, driven by healthy re-roofing demand, strategic initiatives and strong commercial execution, partly offset by continued softness in commercial new construction.
Another peer, Honeywell Technologies (HON - Free Report) , is benefiting from increasing data center and hospitality projects across the Americas, India and the Middle East, which have been driving the Building Automation segment. Increasing order rates and capex investments in data centers and hospitality verticals bode well for it. In second-quarter 2026, the segment’s organic revenues increased 9% year over year.
The Zacks Rundown for MMMShares of 3M have gained 17.4% in the past three months against the industry’s decline of 18%.
Image Source: Zacks Investment Research
From a valuation standpoint, 3M is trading at a forward price-to-earnings ratio of 18.86X, above the industry average of 15.37X. MMM carries a Value Score of D.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for MMM’s earnings for 2026 and 2027 has increased 2.9% and 4.4%, respectively, in the past 60 days.
Image Source: Zacks Investment Research
MMM stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
3M oznámila, že organické tržby jejího segmentu Consumer ve 2. čtvrtletí 2026 meziročně klesly o 2,1 % kvůli slabé poptávce. Firma se soustředí na efektivitu, optimalizaci portfolia a inovace.
Key Takeaways 3M's Consumer segment organic revenues fell 2.1% year over year in Q2 2026 amid weak demand.Muted spending, weak housing activity and subdued packaging demand weighed on the Consumer segment.3M is focusing on efficiency, portfolio optimization and innovation to protect margins and support growth. 3M Company (MMM - Free Report) has been facing persistent weakness in its Consumer segment. In the second quarter of 2026, the segment’s organic revenues declined 2.1% year over year, reflecting continued softness in consumer retail markets. Muted discretionary spending has remained a key headwind, weighing on demand and limiting growth across the segment.
Consumer-focused businesses worldwide continue to face a challenging macroeconomic environment, marked by inflationary pressures, muted discretionary spending and changing consumer behavior. These headwinds have weighed on demand for household and personal-use products, limiting growth opportunities for 3M’s Consumer segment. Weak housing activity has also pressured the home improvement business, while demand for packaging and expression products remained subdued in the second quarter.
Despite these challenges, 3M has a strong market presence, supported by a diversified product portfolio and recognized brands across home care, safety and lifestyle categories. MMM is focusing on operational efficiency, portfolio optimization and innovation to navigate soft demand conditions while protecting margins. Also, a gradual improvement in macroeconomic conditions and a stabilization in consumer spending could help drive a recovery in demand.
Amid ongoing demand challenges, 3M’s focus on cost management and its diverse portfolio is expected to provide support for growth in the quarters ahead.
Segmental Snapshot of MMM’s PeersAmong 3M’s major peers, The Procter & Gamble Company’s (PG - Free Report) Fabric & Home Care segment generated revenues of $7.4 billion in the fourth quarter of fiscal 2026. The Procter & Gamble segment’s results were up 1% year over year. The Procter & Gamble segment’s organic sales were unchanged year over year in the quarter.
Another peer of MMM, Avery Dennison Corporation’s (AVY - Free Report) Materials Group reported sales of $1.80 billion in the second quarter of 2026, up 15.9% year over year. Avery Dennison’s segment sales rose 15.9% year over year. On an organic basis, Avery Dennison’s segment organic sales improved 9.7%.
The Zacks Rundown for MMMShares of 3M have gained 17.2% in the past year against the industry’s decline of 24%.
Image Source: Zacks Investment Research
From a valuation standpoint, 3M is trading at a forward price-to-earnings ratio of 20.19X, above the industry average of 17.71X. MMM carries a Value Score of D.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for MMM’s earnings for 2026 has increased 3% in the past 60 days.
Image Source: Zacks Investment Research
MMM stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
3M zvýšila výhled upraveného zisku pro rok 2026 na 8,80–8,95 USD na akcii z dřívějších 8,50–8,70 USD. Tržby divize Transportation & Electronics ve 2. čtvrtletí vzrostly o 6,2 % na 2,07 mld. USD.
Key Takeaways 3M's Transportation & Electronics revenues rose 6.2%, with organic sales up 5.9% in the second quarter.Transportation & Electronics operating income grew 5% as aerospace & semiconductor demand supported growth.3M raised its 2026 adjusted earnings outlook to $8.80-$8.95 per share from $8.50-$8.70 previously. 3M Company’s (MMM - Free Report) Transportation and Electronics segment has been benefiting from strength in the transportation and aerospace end markets. Solid momentum in the semiconductor, data center, aerospace, advanced materials and commercial branding, driven by demand for new products and expanding sales coverage, is proving beneficial for the segment.
Revenues from Transportation & Electronics totaled $2.07 billion, reflecting a year-over-year increase of 6.2%. The segment’s organic revenues increased 5.9% year over year in the second quarter. Foreign currency translation had a 0.5% favorable impact, while divestiture had an adverse impact of 0.2% on revenues. The segment's operating income grew 5% year over year to $503 million in the second quarter.
Also, strong momentum in abrasives, industrial adhesives and tapes, specialties, roofing granules, personal safety and electrical markets has been driving the Safety and Industrial segment’s performance. The segment delivered an organic sales growth of 8.2% year over year in the second quarter.
Backed by strength across its businesses, the company provided a positive outlook. For 2026, it expects adjusted earnings to be in the range of $8.80-$8.95 per share compared with $8.50-$8.70 projected earlier. The midpoint of the guided range is about $8.875, which reflects an increase from earnings of $8.06 per share reported in 2025.
Segmental Performance of MMM’s Peers in Q2Among 3M’s major peers, Carlisle Companies Incorporated (CSL - Free Report) is experiencing strength in its Construction Materials segment. In the second quarter, revenues from Carlisle’s Construction Materials segment increased 8% year over year to $1.18 billion. The results were driven by healthy re-roofing demand, strategic initiatives and strong commercial execution, partly offset by continued softness in commercial new construction.
Another peer, Honeywell Technologies (HON - Free Report) , is benefiting from increasing data center and hospitality projects across the Americas, India and the Middle East, which has been driving the Building Automation segment. Increasing order rates and capex investments in data centers and hospitality verticals bode well for it. In the second quarter of 2026, the segment’s organic revenues increased 9% year over year.
The Zacks Rundown for MMMShares of 3M have gained 14.1% in the year-to-date period against the industry’s decline of 9.1%.
Image Source: Zacks Investment Research
From a valuation standpoint, 3M is trading at a forward price-to-earnings ratio of 19.40X, above the industry average of 16.04X. MMM carries a Value Score of D.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for MMM’s earnings for 2026 and 2027 has increased 3% and 4.5%, respectively, in the past 60 days.
Image Source: Zacks Investment Research
MMM stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
3M uvedla, že její segment Safety and Industrial ve 2. čtvrtletí zvýšil organické tržby o 8,2 %. Firma zároveň čeká v roce 2026 růst upravených organických tržeb nad 3,5 % a EPS 8,80–8,95 USD.
Key Takeaways 3M's Safety and Industrial segment delivered 8.2% organic sales growth in the second quarter.Industrial adhesives & tapes sales rose 13%, while personal safety markets increased 9.4%.3M expects 2026 adjusted organic sales growth above 3.5% and EPS of $8.80-$8.95. The strongest driver of 3M Company’s (MMM - Free Report) business at the moment is the persistent strength in its Safety and Industrial segment. Strong momentum in abrasives, industrial adhesives and tapes, specialties, roofing granules, personal safety and electrical markets has been driving the segment’s performance. In the second quarter of 2026, sales from the industrial adhesives & tapes markets grew 13%, while sales from personal safety markets increased 9.4%. Also, sales from electrical and industrial specialties markets increased 12% and 10.9%, respectively.
The segment delivered an organic sales growth of 8.2% year over year in the second quarter. The segment’s operating income margin increased year over year, driven by benefits from sales growth and productivity, partially offset by tariffs and continued growth investments in the business.
Backed by strength across its businesses, the company provided a positive outlook. For 2026, 3M expects total adjusted organic sales to grow more than 3.5% on a year-over-year basis. Adjusted earnings are expected to be in the range of $8.80-$8.95 per share. The midpoint of the guided range is about $8.875, which reflects an increase from earnings of $8.06 per share reported in 2025.
Segmental Performance of MMM’s Peers in Q2.Among 3M’s major peers, Carlisle Companies Incorporated (CSL - Free Report) is experiencing strength in its Construction Materials segment. Revenues from Carlisle’s Construction Materials segment increased 7.8% year over year to $1.18 billion. Organic revenues rose 7.7%, driven by healthy re-roofing demand, strategic initiatives and strong commercial execution, partly offset by continued softness in commercial new construction.
Its another peer, Honeywell International Inc. (HON - Free Report) , is witnessing softness in the Process Automation and Technology segment. In second-quarter 2026, the segment’s organic revenues decreased 1% on a year-over-year basis. This decline was attributable to a 6% drop in organic sales in the aftermarket business owing to lower refining catalyst shipments and project delays. Also, reduced customer demand in the Middle East due to ongoing geopolitical tensions hurt Honeywell’s results.
The Zacks Rundown for MMMShares of 3M have gained 14.3% in the year-to-date period against the industry’s decline of 8.5%.
Image Source: Zacks Investment Research
From a valuation standpoint, 3M is trading at a forward price-to-earnings ratio of 19.47X, above the industry average of 16.15X. MMM carries a Value Score of C.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for MMM’s earnings for 2026 and 2027 has increased 2.5% and 3.6%, respectively, in the past 60 days.
Image Source: Zacks Investment Research
MMM stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
3M ve 2. čtvrtletí překonal odhady díky očištěnému EPS 2,40 USD a zvýšil celoroční výhled očištěného EPS na 8,80–8,95 USD. Tržby vzrostly o 2,4 % na 6,5 mld. USD.
Americký průmyslový konglomerát 3M zveřejnil hospodářské výsledky za druhé čtvrtletí roku 2026. Očištěný zisk na akcii překonal odhady analytiků a společnost zároveň zvýšila celoroční výhled očištěného zisku na akcii i organického růstu tržeb.
Výsledky společnosti 3M (MMM) za 2Q 2026 2Q 2026 Konsensus 2Q 2026 2Q 2025 Tržby (mld. USD) 6,50 6,40 6,34 Čistý zisk (mld. USD) 0,93 -- 0,72 Očištěný zisk na akcii (EPS, USD/akcie) 2,40 2,25 2,16 Výsledky za 2Q Tržby meziročně vzrostly o 2,4 % na 6,5 mld. USD. Očištěné tržby, které nezahrnují vyráběné PFAS produkty, vzrostly o 5,5 % na 6,5 mld. USD, přičemž organický růst dosáhl 5,4 %.
Očištěná provozní marže dosáhla 24,9 %, což je nad odhadem 24,7 % a zároveň nárůst o 40 bazických bodů oproti loňským 24,5 %. Provozní marže činila 15,1 %, meziročně pokles o 290 bazických bodů.
Tržby podle segmentů, zdroj: 3M
Provozní hotovostní tok dosáhl 1 mld. USD, nad odhadem 777,8 mil. USD. Očištěný volný hotovostní tok činil 1,3 mld. USD.
Výhled na FY 2026 Firma zvýšila výhled pro celý rok 2026 a nyní predikuje:
Očištěný zisk na akcii 8,80–8,95 USD (dříve: 8,50–8,70 USD). Organický růst tržeb nad 3,5 % (dříve: přibližně 3 %). Očištěný celkový růst tržeb nad 4,5 %. Očištěný provozní hotovostní tok 5,8–6 mld. USD. Rozšíření očištěné provozní marže o 70 až 80 bazických bodů. Výhled zatím nezohledňuje akvizici společnosti Madison Fire & Rescue, která byla dokončena 1. července.
Komentář vedení William Brown, předseda představenstva a generální ředitel 3M, uvedl: „Zaznamenali jsme silné druhé čtvrtletí, kdy jsme překonali očekávání díky růstu tržeb ve středních jednociferných číslech, solidní provozní marži kolem 25 % a dvouciferným růstem zisku na akcii, což odráží pokrok, kterého dosahujeme v našich strategických prioritách a při budování výkonnější společnosti. V důsledku silné výkonnosti v první polovině roku a pokračující dynamiky zvyšujeme celoroční výhled a zůstáváme přesvědčeni o naší schopnosti dlouhodobě vytvářet hodnotu pro akcionáře.“
Návrat kapitálu akcionářům Společnost za čtvrtletí vrátila akcionářům celkem 1,4 mld. USD formou dividend a zpětných odkupů akcií.
Akcie 3M Akcie 3M (MMM) v předburzovní fázi obchodování rostou o 6,22 % na 169 USD.
Akcie 3M Co (MMM) před výsledky uzavřely na 159,11 USD Ukazatel Ukazatel Kapitalizace (mld. USD) 83,0 P/E 17,4 Vývoj za letošní rok (%) -0,6 Očekávané P/E 18,2 52týdenní minimum (USD) 139,3 Prům. cílová cena (USD) 174,9 52týdenní maximum (USD) 177,4 Dividendový výnos (%) 1,9 Zdroj: 3M, Bloomberg
3M při ceně 160,53 $ za akcii vyplácí roční dividendu 3,12 $ na akcii, takže 1 000 akcií generuje asi 3 120 $ ročně. Firma po resetu dividendy v roce 2024 už dvakrát roční výplatu zvýšila.
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Passive income has a way of quieting the noise. Whether markets are grinding higher, correcting hard, or drifting sideways, a dividend check lands in your account on the schedule the company sets, regardless of what the stock is doing. For investors building a paycheck that arrives without a shift, without a client, and without a manager, dividend equities offer something real estate and private credit cannot: instant liquidity alongside cash flow.
That flexibility matters more when the underlying business is a 120-year-old industrial with global scale, entrenched brands, and a fresh operational reset. 3M (NYSE:MMM | MMM Price Prediction) produces more than 60,000 products under brands including Scotch, Post-it, and Command, and its dividend has been a fixture of income portfolios for generations. The question for buyers today is what a meaningful position actually pays, and whether the payout can hold.
We screened our 24/7 Wall St. dividend equity research database and ran the math on one specific position size that income investors ask about constantly: 1,000 shares of 3M.
The 1,000-Share Math on 3M Current Share Price: $160.53 Current Quarterly Dividend: $0.78 Forward Annual Dividend: $3.12 per share Forward Yield: roughly 1.94% Cost of 1,000 shares: $160,530 Annual Passive Income: $3,120 That $3,120 arrives in four roughly equal quarterly installments, with payment dates consistently falling on the 12th of March, June, September, and December. It is a modest headline yield by high-income standards, and the coverage and trajectory underneath it are what matter.
Why the Aristocrat Label Now Carries an Asterisk 3M spent decades as one of the market’s marquee Dividend Aristocrats, raising its payout every year for more than six decades. That streak broke in 2024. Following the Solventum spin-off, the quarterly dividend was reset from $1.51 in Q1 2024 to $0.70 in Q2 2024, alongside a $17.3875 special dividend paid on April 1, 2024 tied to the separation.
Purists no longer count MMM as an uninterrupted Aristocrat, though the company continues to be treated as a dividend blue chip by most income indexes.
The recovery arc is visible in the check itself. The quarterly rate has climbed from $0.70 in 2024, to $0.73 in 2025, to $0.78 in 2026. Two consecutive annual raises after a reset is exactly the pattern a rebuilding payer wants to establish.
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Can the $3,120 Hold? Coverage is the reason to take this payout seriously. CEO William Brown has guided full-year 2026 adjusted EPS to $8.50 to $8.70 against a $3.12 dividend, and the company is targeting adjusted operating cash flow of $5.6 billion to $5.8 billion with adjusted free cash flow of $4.6 billion to $4.8 billion.
3M has posted four consecutive quarterly EPS beats, most recently delivering Q1 2026 adjusted EPS of $2.14 on $6.03 billion in revenue with a 23.8% adjusted operating margin.
Capital return is aggressive relative to the dividend line. 3M sent $2.41 billion back to shareholders in Q1 2026 alone through dividends and buybacks, on top of $4.8 billion returned across full-year 2025. Institutions are voting with size: institutional ownership sits at 77.5% of the float.
The offsetting concern is litigation. 3M made $3.5 billion in net pre-tax cash payments tied to PFAS in 2025 and faces a new lawsuit from the New York Attorney General over PFAS contamination, alongside ongoing Combat Arms earplug obligations. Those liabilities are the reason the payout was reset in the first place, and they remain the single largest variable in this dividend’s forward path.
The Bottom Line on 1,000 Shares A 1,000-share position in 3M requires roughly $160,530 at today’s price and produces about $3,120 in annual passive income at the current quarterly rate. That is a blended yield near 1.94%, backed by a payout ratio comfortably under 40% of guided 2026 adjusted earnings.
For an income investor, the interesting math is the trajectory: two raises since the reset, expanding margins, and free cash flow that dwarfs the dividend leave room for the next hike. The reinvestment case for dividends is compounding, and a growing payout compounds twice: once through the shares purchased, and again through the raises those shares eventually collect.
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3M před zveřejněním výsledků za 2. čtvrtletí čeká zisk 2,27 USD na akcii při tržbách 6,38 miliardy USD. Akcie dnes rostou o 2,6 % po oznámení partnerství s Microsoftem.
3M (MMM) is scheduled to report second-quarter earnings before the open on Tuesday, July 21. According to Zacks Research, analysts expect earnings of $2.27 per share on $6.38 billion in revenue, representing year-over-year growth of 5.1%.
The industrial giant is heading into earnings with fresh momentum, up 2.6% to trade at $160.45 today and helping boost the Dow Jones Industrial Average (DJI) after announcing a strategic partnership with Microsoft (MSFT) to advance AI data center infrastructure and enterprise transformation. The shares have seen quite a bit of volatility since their February 12 five-year peak of $177.41, rebounding off the 50-day moving average this past week after a rejection at $170. Today’s pop also has MMM inching into positive territory for 2026.
Daily Chart of MMM Since July 2025 with 50-Day Moving Average
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Options traders are pricing in a 6.6% post-earnings move on Tuesday, slightly below the stock’s average post-earnings swing of 7.2% over the last eight quarters. MMM has finished four of its last eight post-earnings sessions higher, though it dropped 1.9% following its April report.
Options bears have been building their positions over the last 10 weeks. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), 3M’s 50-day put/call volume ratio of 1.13 ranks higher than 98% of readings from the past year, signaling an unusually high appetite for puts among options traders. Sentiment appears to be shifting today, however, as 21,000 calls have been exchanged so far – quadruple the call volume MMM typically sees at this point.
Analyst sentiment is mixed. Of the 18 brokerages covering 3M, nine carry a "strong buy" rating, while seven recommend "hold" and two say "strong sell." With the stock back in rally mode and AI optimism providing a fresh catalyst, investors will be eyeing the company’s earnings for clues as to whether that momentum can continue.
Options are understandably expensive heading into the event, per the stock’s Schaeffer’s Volatility Index (SVI) of 34% sitting in the 64th percentile of its annual range. However, it’s worth noting that 3M’s Schaeffer's Volatility Scorecard (SVS) comes in at 10 out of 100. In other words, the stock has consistently realized lower volatility than its options have priced in over the past 12 months, making it a premium selling candidate.
3M v 1. čtvrtletí zvýšila upravené organické tržby v segmentu Safety & Industrial o 3,2 % a provozní marži o 100 bazických bodů. Firma čeká za letošek asi 3% růst organických tržeb a EPS 8,50–8,70 USD.
Key Takeaways 3M's Safety & Industrial segment posted 3.2% adjusted organic sales growth in Q1 2026.MMM's segment margin rose 100 bps on volumes, productivity and capital discipline.3M expects about 3% organic sales growth and EPS of $8.50-$8.70 in 2026. 3M Company (MMM - Free Report) continues to gain from the strong momentum in its Safety & Industrial segment, a key contributor to its growth. An increase in demand across personal safety, industrial adhesives and tapes, abrasives and electrical has been aiding the segment’s momentum. Sales in the personal safety, industrial adhesives and tapes, abrasives and electrical markets collectively increased in the mid-single-digit range in the first three months of 2026.
A rise in demand for electrical infrastructure products like medium voltage cable accessories and insulation tapes also supported performance. The segment’s adjusted organic sales grew 3.2% year over year in the first quarter. Its adjusted operating margin also improved 100 basis points year over year, supported by higher sales volumes, productivity initiatives and disciplined capital allocation. However, continued investments aimed at business expansion and tariffs partially offset the results. Weakness in the roofing granules business is also concerning for 3M.
Backed by strong operational execution, 3M has provided a positive outlook for 2026. The company expects adjusted organic sales growth of about 3% year over year and projects adjusted earnings in the range of $8.50-$8.70 per share, indicating continued earnings growth from 2025 levels.
Segmental Snapshot of MMM’s PeersAmong 3M’s major peers, Honeywell International Inc. (HON - Free Report) is witnessing solid momentum in its Building Automation segment, driven by ongoing strength in both the building solutions and building products businesses. In the first quarter of 2026, Honeywell’s segment’s revenues increased 11% year over year. It contributed approximately 20.6% to Honeywell’s total revenues during the quarter.
MMM’s another peer, Carlisle Companies Incorporated’s (CSL - Free Report) Carlisle Construction Materials segment decreased 5.1% year over year in the first quarter of 2026. Carlisle’s segment’s revenues were offset by the weakness in the new construction market. It contributed approximately 72.2% of Carlisle’s total revenues during the quarter.
The Zacks Rundown for MMMShares of 3M have gained 10% in the past year against the industry’s decrease of 4%.
Image Source: Zacks Investment Research
From a valuation standpoint, 3M is trading at a forward price-to-earnings ratio of 18.40X, above the industry average of 15.78X. MMM carries a Value Score of D.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for MMM’s earnings for 2026 has increased a penny in the past 60 days.
Image Source: Zacks Investment Research
MMM stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
3M čeká ve 2. čtvrtletí organický růst tržeb výrazně nad 3 % díky silné poptávce a vyššímu objemu zakázek. Bank of America zvýšila odhad EPS pro rok 2026 o 0,10 USD na 8,80 USD.
3M Co (NYSE:MMM) has provided an upbeat assessment of its second quarter performance and demand trends during investor meetings last week, ahead of the release of its report for the period on July 28, according to Bank of America analysts.
Bank of America wrote that the company expressed a constructive view on the second quarter and the remainder of the year, supported by continued order strength and higher backlog levels.
According to the bank, backlog coverage has risen to roughly 27% to 29% of the next quarter's sales, compared with a more typical range of 23% to 24%.
The bank wrote that 3M expects second-quarter organic sales growth to be "solidly" above 3%, noting that sustained order momentum suggests there was limited customer pre-buying in the first quarter.
Demand conditions vary across the company's businesses. Bank of America wrote that 3M Co (NYSE:MMM)ntinues to see strength in its Safety & Industrial Business Group, aided by pricing actions and internal execution, while roofing granules and auto aftermarket markets remain weak.
In the Transportation & Electronics Business Group, weakness in automotive and consumer electronics markets is being offset by growth in data centers, semiconductors and aerospace and defense applications. Consumer point-of-sale trends are stabilizing but remain soft overall.
Bank of America said 3M's margin outlook remains supported by productivity initiatives and price-cost discipline, with additional tailwinds expected through 2027. Based on current pricing and cost dynamics, the company no longer expects to use a previously discussed contingency worth $0.05 to $0.15 per share.
The bank also highlighted growth opportunities tied to 3M's optical intellectual property portfolio, noting that the company has increased its estimate for the total addressable market to $2 billion from $1 billion cited during its first-quarter earnings report.
Following the meetings, Bank of America reiterated its ‘Buy’ rating on 3M and raised its 2026 earnings per share estimate by $0.10 to $8.80.
The bank’s analysts also increased its second-quarter EPS forecast by $0.02 to $2.28, reflecting an expectation for 4.0% organic growth, up from a previous estimate of 3.2%.
