3M shares jump on Q2 earnings beat, raised guidance
3M Co (NYSE:MMM) shares rose about 9% in early trading on July 21, 2026, after the industrial conglomerate reported second-quarter adjusted earnings of $2.40 per share, beating the consensus estimate of $2.24 and up 11% year-over-year. Revenue totaled $6.5 billion, exceeding expectations of $6.4 billion, with adjusted organic sales growth of 5.4%. GAAP net sales increased 2.4%, while GAAP operating margin fell to 15.1% from 18%. Adjusted operating income margin improved 40 basis points to 24.9%. CEO William Brown cited strong performance and strategic progress. The company raised its full-year 2026 adjusted EPS guidance to $8.80-$8.95 from $8.50-$8.70, maintained sales growth outlook of over 4.5%, and reaffirmed operating cash flow expectations of $5.8-$6 billion with free cash flow conversion above 100%.
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