OpenNashEarnings

Industrials · NYSE: MMM

3M earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends December · next results expected around 19 Jan 2027

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q3 2026

3M reported Q3 GAAP sales of $6.6 billion, up 1.0%, operating margin of 23.7% and EPS of $2.63, up 70%, with adjusted EPS of $2.50, up 12%, and 2026 adjusted EPS guidance raised to $9.10 to $9.15.

3M's third-quarter GAAP sales were $6.6 billion, up 1.0%. GAAP operating margin was 23.7% and GAAP EPS was $2.63, up 70%. Adjusted organic growth was 3.3%, adjusted operating margin was 26.2% (up 110 bps) and adjusted EPS was $2.50, up 12%. Industrial and safety markets, semiconductors and data centers drove growth, while consumer electronics was weak. Operating cash flow was $0.5 billion and adjusted free cash flow was $1.2 billion. 3M also signed an Amazon warrant deal for its optical connectivity products.

Read the Q3 2026 summary →Q3 2026 slides (PDF) ↗Official transcript (PDF) ↗

Quarters

KPI history

Revenue$6.6B+1.0% y/yQ3 2026
Q4 2024: $6.0BQ4 ’24$6.0BQ1 2025: $6.0BQ1 ’25$6.0BQ2 2025: $6.3BQ2 ’25$6.3BQ3 2025: $6.5BQ3 ’25$6.5BQ4 2025: $6.1B (worked out from the annual figure)Q4 ’25$6.1BQ1 2026: $6.0BQ1 ’26$6.0BQ2 2026: $6.5BQ2 ’26$6.5BQ3 2026: $6.6BQ3 ’26$6.6B

Fourth quarter worked out from the annual figure.

Data
Q4 2024$6.0B
Q1 2025$6.0B
Q2 2025$6.3B
Q3 2025$6.5B
Q4 2025$6.1B *
Q1 2026$6.0B
Q2 2026$6.5B
Q3 2026$6.6B
Diluted EPS (GAAP)$2.63+69.7% y/yQ3 2026
Q4 2024: $1.33Q4 ’24$1.33Q1 2025: $2.04Q1 ’25$2.04Q2 2025: $1.34Q2 ’25$1.34Q3 2025: $1.55Q3 ’25$1.55Q1 2026: $1.23Q1 ’26$1.23Q2 2026: $1.78Q2 ’26$1.78Q3 2026: $2.63Q3 ’26$2.63
Data
Q4 2024$1.33
Q1 2025$2.04
Q2 2025$1.34
Q3 2025$1.55
Q1 2026$1.23
Q2 2026$1.78
Q3 2026$2.63

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin23.7%+1.5 pts y/yQ3 2026
Q4 2024: 18.1%Q4 ’2418.1%Q1 2025: 20.9%Q1 ’2520.9%Q2 2025: 18.0%Q2 ’2518.0%Q3 2025: 22.2%Q3 ’2522.2%Q4 2025: 13.0%Q4 ’2513.0%Q1 2026: 23.2%Q1 ’2623.2%Q2 2026: 15.1%Q2 ’2615.1%Q3 2026: 23.7%Q3 ’2623.7%
Data
Q4 202418.1%
Q1 202520.9%
Q2 202518.0%
Q3 202522.2%
Q4 202513.0%
Q1 202623.2%
Q2 202615.1%
Q3 202623.7%
Free cash flow$230.0M−85.0% y/yQ3 2026
Q4 2024: $1.5BQ4 ’24$1.5BQ1 2025: -$315.0MQ1 ’25-$315.0MQ2 2025: -$1.2BQ2 ’25-$1.2BQ3 2025: $1.5BQ3 ’25$1.5BQ4 2025: $1.3BQ4 ’25$1.3BQ1 2026: $349.0MQ1 ’26$349.0MQ2 2026: $763.0MQ2 ’26$763.0MQ3 2026: $230.0MQ3 ’26$230.0M
Data
Q4 2024$1.5B
Q1 2025-$315.0M
Q2 2025-$1.2B
Q3 2025$1.5B
Q4 2025$1.3B
Q1 2026$349.0M
Q2 2026$763.0M
Q3 2026$230.0M

Operating cash flow minus capital expenditure, from cash flow statements.

Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Revenue$6.0B$6.0B$6.3B$6.5B$6.1Bd$6.0B$6.5B$6.6B
Operating income$1.1Bd$1.2B$1.1B$1.4B$796.0Md$1.4B$984.0M$1.6B
Operating margin18.1%20.9%18.0%22.2%13.0%23.2%15.1%23.7%
Net income$728.0M$1.1B$723.0M$834.0M$577.0Md$653.0M$933.0M$1.4B
Diluted EPS$1.33$2.04$1.34$1.55—$1.23$1.78$2.63
Operating cash flow$1.8Bd-$79.0M-$954.0Md$1.8Bd$1.6Bd$574.0M$986.0Md$486.0Md
Capital expenditure$291.0Md$236.0M$208.0Md$218.0Md$248.0Md$225.0M$223.0Md$256.0Md
Free cash flow$1.5B-$315.0M-$1.2B$1.5B$1.3B$349.0M$763.0M$230.0M

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings