3M Q2 earnings beat expectations, raises full-year outlook

3M reported stronger-than-expected second-quarter results on Tuesday, July 21, 2026, leading the company to raise its full-year financial outlook and sending its stock up approximately 6% in premarket trading. The diversified industrial conglomerate posted adjusted earnings per share of $2.40, exceeding analyst expectations, on revenue of $6.5 billion.

Chairman and CEO Bill Brown said the results demonstrate progress in the company's multi-year turnaround effort. "Our results today exceeded our expectations, demonstrate the progress we're making to build a higher performing company, and continue to give us confidence we're on the right path forward," Brown stated. The company reported organic sales growth of 5.4% for the quarter, a significant acceleration from 1.2% growth in the first quarter. Adjusted operating margin improved to 24.9%.

Citing a strong first-half performance, Chief Financial Officer Anurag Maheshwari announced an increased outlook for 2026. 3M now expects full-year adjusted earnings per share in the range of $8.80 to $8.95, up from a prior range of $8.50 to $8.70. The company also raised its forecast for organic sales growth to greater than 3.5% and increased...