3M delivered third quarter 2026 adjusted earnings of $2.50 per share, exceeding analyst estimates of $2.41. While total GAAP sales of $6.58 billion slightly missed the $6.61 billion target, the company demonstrated strong operational efficiency with adjusted operating margins expanding 110 basis points to 26.2%. Based on year-to-date performance, management raised its full-year 2026 adjusted EPS guidance to a range of $9.10 to $9.15.
Key Highlights
- The Safety and Industrial segment revenue reached $3.18 billion, driven by 7.0% organic growth in abrasives and personal safety.
- Management raised the full-year 2026 adjusted EPS guidance midpoint to $9.125, up from the previous outlook of $8.80 to $8.95.
- 3M expanded its strategic relationship with Amazon, targeting $6 billion in cumulative data center product sales over seven years.
- Adjusted free cash flow for the quarter was robust at $1.2 billion, supported by structural transformation and productivity improvements.