3M Posts Q2 2026: Revenue $6.5B, Adjusted EPS $2.40, Raises Full-Year Guidance
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3M reported second-quarter 2026 results with GAAP revenue of $6.5 billion and adjusted diluted EPS of $2.40, up 11% year‑on‑year. GAAP EPS was $1.78 and GAAP operating margin was 15.1%; adjusted operating margin improved to 24.9%. The company raised its 2026 adjusted EPS guidance to $8.80–$8.95 and expects adjusted operating cash flow of $5.8–$6.0 billion.
Financial Highlights
- Net sales (GAAP): $6.5 billion for Q2 2026 (reported increase 2.4% YoY).
- GAAP operating income margin: 15.1% for Q2 2026.
- Adjusted operating income margin: 24.9% for Q2 2026 (up 40 bps YoY).
- Net income attributable to 3M (GAAP): $933 million for Q2 2026; diluted GAAP EPS $1.78.
- Adjusted diluted EPS (non‑GAAP): $2.40 for Q2 2026 (up 11% YoY); full-year 2026 adjusted EPS guidance increased to $8.80–$8.95.
- Cash flow and shareholder returns: Q2 operating cash flow $1.0 billion; adjusted free cash flow $1.3 billion for the quarter; returned $1.4 billion to shareholders via dividends and repurchases in the quarter.
Business Highlights
- Organic growth: Adjusted organic sales up 5.4% YoY in Q2; total adjusted sales growth 5.5%.
- Segment performance: Safety and Industrial led with strong organic growth (8.2% in Q2); Transportation & Electronics and Consumer showed mixed results across categories.
- Strategic partnerships and product momentum: Announced partnerships with Microsoft (Expanded Beam Optics deployment) and Airbus (advanced insulation for A220); multi‑year technical partnership with Cadillac Formula 1 Team; launched Ask 3M AI assistant powered by AWS.
- Operational milestones: Orion crew used 3M PELTOR ComTac VI headsets on NASA’s Artemis II mission, underscoring performance in extreme‑environment applications.
- Portfolio activity: Closed acquisition of Madison Fire & Rescue on July 1, 2026 (not yet reflected in updated guidance) and recorded a loss related to divestiture activity in the quarter.
Original SEC Filing: 3M CO [ MMM ] - 8-K - Jul. 21, 2026
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.