3M stock jumps on raised outlook as company's turnaround gains traction

3M's stock surged over 8% on July 21, 2026, after the industrial conglomerate reported second-quarter adjusted earnings of $2.40 per share, beating analyst expectations of $2.25. Adjusted operating margins improved to 24.9%, signaling that the company's multiyear turnaround, initiated in 2024, is gaining momentum. 3M raised its full-year 2026 adjusted earnings forecast to $8.80-$8.95 per share, above the consensus estimate of $8.74. The company highlighted its pivot toward materials technology for electronics, advanced manufacturing, aerospace, and AI infrastructure, including a partnership with Microsoft for Expanded Beam Optics in AI data centers, a long-term agreement with Airbus for insulation on the A220, and the use of its headsets on NASA's Artemis II mission. The turnaround follows years of challenges including PFAS liabilities and the 2024 spin-off of its healthcare business Solventum. Year-to-date, 3M shares are flat.

First published Aug 4, 01:50 PM UTCUpdated Jul 21, 01:15 PM UTC1 reports · 1 sources

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3M stock jumps on raised outlook as company's turnaround gains traction

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3M stock jumps on raised outlook as company's turnaround gains tractionYahoo FinanceWesternJul 21, 01:15 PM UTC

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