3M (MMM) Q3 2026 Earnings Call: Guidance and Outlook
The company provided updated full-year 2026 guidance, raising its adjusted EPS range while maintaining its organic growth outlook.
About 3M. 3M Company operates as a global technology conglomerate with diverse interests. Its extensive operations are strategically divided into four primary business segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer.
No specific quarterly guidance was provided, though management expects organic growth to be just over 4% in the fourth quarter.
Annual guidance
Organic sales growth
Greater than 3.5%.
Adjusted EPS
$9.10 to $9.15.
Adjusted tax rate
Approximately 20%.
Free cash flow
Approximately $4.8 billion.
Outlook
Data center demand
The company sees increasing strength in semiconductors and data centers, which is a key growth driver.
Consumer electronics
The market remains weak, with expectations for the segment to be down mid-teens in the second half.
Auto market
Auto OE and aftermarket are trending flat in the second half, with OE softer and aftermarket better.
Productivity
The company expects to continue driving productivity from supply chain and transformation actions to offset investments and stranded costs.
Pricing
Pricing execution is expected to fully offset material and oil cost inflation, with price increases expected to be slightly above 2% in the back half of the year.
Capital allocation
The company remains committed to disciplined capital deployment, having returned $9.3 billion to shareholders since the start of 2025.
Dombey's summary of the 3M Q3 2026 earnings call held Oct 20, 2026, written from the call itself. Every figure on this page was checked against what was said on the call, and quoted lines are management's own words; we do not add estimates or prices. The tone score is our read of management's wording, guidance and answers. Check figures against the company's SEC filings before acting. This is research, not investment advice.
