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๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Adj. EPS: $2.50 (Est. $2.38) โ , +12% YoY.
โข Revenue: $6.6B (Est. $6.61B) ๐ฐ, +1.0% YoY.
โข Adj. Sales Growth: +4.2% YoY, +3.3% organic.
โข GAAP EPS: $2.63, +70% YoY.
โข GAAP Operating Margin: 23.7%, +150 bps YoY.
โข Adj. Operating Margin: 26.2%, +110 bps YoY.
โข Operating Cash Flow: $0.5B.
โข Adj. Free Cash Flow: $1.2B.
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๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐
โข FY2026 Adj. EPS: $9.10โ$9.15, midpoint $9.125 (Est. $8.93) โ , raised.
โข FY2026 Adj. Sales Growth: >4.5%, including >3.5% organic growth.
โข FY2026 Adj. Operating Cash Flow: ~$5.9B.
โข FY2026 Adj. Free Cash Flow: ~$4.8B.
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๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Q3 Adj. EPS beat consensus by ~5%, while revenue came in broadly in line with expectations.
โข Adjusted operating margin expanded 110 bps YoY to 26.2%, supported by productivity improvements and structural transformation.
โข FY2026 Adj. EPS guidance midpoint stands ~2.2% above consensus, incorporating updated amortization treatment and the Madison Fire & Rescue acquisition.
โข 3M expanded its strategic relationship with Amazon to scale optical connectivity and other data center products, issuing warrants for up to 3.2M shares tied to $6B in cumulative sales over seven years and other milestones.
โข The company is investing to acquire ~4.7% of GSEO to advance Expanded Beam Optics technology and manufacturing.
โข 3M returned $600M to shareholders through dividends and buybacks during Q3.
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๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โWe delivered another quarter of strong results, including solid sales growth, continued margin expansion, double-digit EPS growth, and robust free cash flow.โ