Overview
- 3M reported second-quarter adjusted EPS of $2.40 and revenue of $6.5 billion, both above Wall Street estimates.
- Organic sales accelerated to 5.4% year over year, up from about 1.2% in Q1, reflecting broader demand across businesses.
- Adjusted operating margin rose to 24.9% and the company generated $1.0 billion in operating cash flow with $1.3 billion in adjusted free cash flow.
- The company raised its 2026 adjusted EPS guidance to $8.80–$8.95 and guided full-year sales to roughly $25.4 billion, a move that sent the stock up about 6% in premarket trading on Tuesday.
- 3M highlighted strategic customer wins — including Microsoft for Expanded Beam Optics, a long-term agreement with Airbus and headset use on NASA’s Artemis II — underscoring a push into higher-growth tech and aerospace markets while legacy legal and remediation issues remain an outside overhang.