3M posts Q3 2026 profit surge and lifts full‑year adjusted EPS outlook
3M reported third‑quarter 2026 adjusted earnings per share of $2.50, a 12% year‑over‑year increase, on sales of $6.6 billion, up 1%. The company raised its full‑year 2026 adjusted EPS guidance to a range of $9.10‑$9.15. It also announced an expanded data‑center partnership with Amazon, issuing a warrant for up to 3.2 million shares tied to $6 billion of cumulative sales, and a strategic investment of roughly 4.7% in Genius Electronic Optical Co. (GSEO).
Why it matters
The higher EPS guidance signals stronger profitability expectations for 2026, which may support a higher valuation for MMM shares (the company expects adjusted EPS of $9.10‑$9.15). The Amazon warrant and GSEO stake could drive future revenue growth in the data‑center optics market.
Key facts
- 1Adjusted EPS for Q3 2026 was $2.50, up 12% year‑over‑year. prnewswire.com
- 2Q3 2026 sales were $6.6 billion, up 1.0% year‑over‑year. prnewswire.com
- 3Full‑year 2026 adjusted EPS guidance was raised to $9.10‑$9.15. prnewswire.com
- 43M issued a warrant to Amazon for up to 3.2 million shares, tied to $6 billion of cumulative sales of optical connectivity and other data‑center products over seven years. prnewswire.com
- 53M agreed to acquire approximately 4.7% of GSEO’s common shares as part of a strategic partnership. prnewswire.com
- 6Adjusted operating margin for Q3 2026 was 26.2%, up 110 basis points year‑over‑year. prnewswire.com
Summary written by AlphAI AI Desk from 14 of 14 sources. Not investment advice. Figures are as stated by the linked sources.