earnings
confidence high
sentiment positive
materiality 0.75
3M Q3 2026: adjusted EPS $2.50 up 12% YoY, GAAP EPS $2.63; FY26 EPS guidance raised to $9.10-$9.15
3M CO
- GAAP sales $6.6B, up 1.0% YoY; adjusted sales up 4.2% with organic growth of 3.3%; adjusted operating margin 26.2%, up 110 bps.
- Adjusted EPS $2.50 (+12% YoY) from $2.23; GAAP EPS $2.63 vs $1.55, helped by a $0.60 gain on Solventum ownership value and $0.19 litigation/PFAS costs.
- FY26 guidance raised to adjusted EPS of $9.10-$9.15, adjusted sales growth >4.5% and organic >3.5%, adjusted free cash flow of ~$4.8B.
- Q3 operating cash flow $0.5B; adjusted free cash flow $1.2B; returned $0.6B to shareholders via dividends and buybacks.
- Amazon pact: 3M issued a warrant for up to 3.2M shares tied to $6B of cumulative data-center/optical connectivity sales over seven years; also buying ~4.7% of GSEO.