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Finance3M shares surge over 8% after raising full-year adjusted earnings forecast
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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.
Source report
Ines Ferré · Senior Business Reporter Updated Tue, July 21, 2026 at 1:49 PM PDT · 1 min read
- MMM: 0.00%
- MSFT: -1.86%
What Happened
3M (MMM) stock jumped more than 8% on Tuesday after the industrial conglomerate beat Wall Street's earnings expectations and raised its full-year guidance.
What's Behind the Move
For the second quarter, 3M reported adjusted earnings of $2.40 per share, well above the $2.25 expected by analysts. Adjusted operating margins improved to 24.9%, a sign that the company's multiyear turnaround, which began in 2024, is gaining traction.
3M now expects adjusted earnings of $8.80 to $8.95 per share in 2026, up from its previous forecast and ahead of analysts' expectations of $8.74.
MMM Stock Performance
| Price | Change | |-------|--------| | 170.76 | 0.00 (0.00%) | | At close: July 22 at 4:02:45 PM EDT | |
What Else You Need to Know
While 3M is known for products like Post-it Notes and Scotch Tape, the company has increasingly positioned itself as a materials technology supplier for growing industries such as:
- Electronics
- Advanced manufacturing
- Aerospace
- Artificial intelligence infrastructure
In the company's earnings release, 3M highlighted software giant Microsoft (MSFT) as the first hyperscaler to deploy its Expanded Beam Optics technology for AI data centers.
3M also announced:
- A long-term agreement with Airbus (AIR.PA) to supply advanced insulation technologies for the A220 aircraft
- Its communication headsets were used by crew members on NASA's Artemis II mission, highlighting the company's presence in next-generation space exploration
3M's turnaround comes after years of challenges, including PFAS-related liabilities tied to so-called forever chemicals and its 2024 spin-off of its healthcare business, Solventum.
Year-to-date, 3M's shares are flat.
Ines Ferré is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre.
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3M stock jumps on raised outlook as company's turnaround gains traction