3M raises 2026 earnings guidance to $8.80–$8.95 on strong first-half results
3M increased its full-year 2026 adjusted earnings per share guidance from $8.50–$8.70 to $8.80–$8.95, citing strong first-half performance and continued momentum. In the second quarter, the company reported GAAP sales of $6.5 billion (up 2.4% year-over-year), adjusted operating margin of 24.9% (up 40 basis points), and adjusted EPS of $2.40 (up 11%). The company also raised its adjusted operating income margin expansion guidance to 70–80 basis points and adjusted operating cash flow guidance to $5.8–$6.0 billion.
- Adjusted EPS guidance raised from $8.50–$8.70 to $8.80–$8.95 for full year 2026
- Q2 adjusted EPS of $2.40, up 11% year-over-year
- Adjusted organic sales growth of 5.4% year-over-year in Q2
- Adjusted operating margin of 24.9%, up 40 basis points year-over-year
- Q2 GAAP sales of $6.5 billion, up 2.4% year-over-year
- Adjusted operating income margin expansion guidance of 70 bps to 80 bps for 2026
- Adjusted operating cash flow guidance of $5.8 to $6.0 billion for 2026
- 3M returned $1.4 billion to shareholders via dividends and share repurchases in Q2
The raised guidance signals 3M's confidence in sustained momentum across its business segments and reflects the company's ability to grow sales organically while expanding margins—key indicators of operational execution and pricing power amid competitive pressure.
Derived from 8-K filed 2026-07-21. Not investment advice. Figures are extracted from the filing; prose is AI-assisted. View the source filing on SEC.gov →