3M raised its 2026 adjusted earnings outlook to $8.80-$8.95 per share after reporting Q2 results above estimates.
3M shares climbed over 6% in premarket trading after the company reported second-quarter adjusted earnings of $2.40 per share, surpassing analysts’ expectations of $2.25. Adjusted operating margins rose to 24.9%, reflecting progress in its turnaround strategy launched earlier this year.
The industrial conglomerate now expects 2026 adjusted earnings of $8.80 to $8.95 per share, up from its prior forecast of up to $8.70 and above the $8.74 consensus estimate. The revised outlook follows strong execution across key segments, including electronics, aerospace, and AI infrastructure.
3M highlighted partnerships with Microsoft and Airbus, as well as its role in NASA’s Artemis II mission, underscoring its push into high-growth industries. The company continues to address legacy challenges while expanding its technology-driven portfolio.