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AMZN
▲ Likely positiveAmazon
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/21/2026 | 262.37 |
| Change that session | -0.10% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- 3M's Amazon Deal Advances Data Center Growth Opportunity, RBC Says
- 3M: 3 Key Takeaways for Long-Term Investors
On its third-quarter 2026 earnings call on Oct. 20, 2026, 3M reported expanding profit margins and raised full-year earnings guidance as orders accelerated. The company issued Amazon warrants for up to 3.2 million shares, tied to $6 billion in cumulative sales of optical connectivity and data center products over seven years. Five-year new product sales are up 34% year to date to nearly $3 billion, and new product vitality has risen to the mid-teens from 11% in 2024. 3M increased prices to fully offset rising raw material and oil costs, and it remains confident in organic growth above 3.5% this year.
- 3M Q3 Earnings Call Highlights
3M reported third-quarter 2026 organic sales growth of 3.3%, an adjusted operating margin of 26.2%, adjusted EPS of $2.50 (up 12% year over year) and free cash flow of $1.2 billion. Orders grew at a high-single-digit rate and backlog rose by a high-teens percentage, led by industrials, safety and data centers. The company raised its full-year adjusted EPS forecast to $9.10–$9.15, and expects about $4.8 billion in free cash flow and organic growth of more than 3.5%. It also issued Amazon a warrant for up to 3.2 million shares tied to data-center sales milestones of $6 billion over seven years, and expects data-center revenue of about $700 million in 2026. China sales fell by a high-single-digit percentage, mainly on weak consumer electronics demand, while U.S. and Canada sales grew about 7%.
- Why 3M Stock Jumped Today
3M shares rose about 5.1% by 11:15 a.m. ET after the company expanded its commercial relationship with Amazon to deploy and scale its optical connectivity and other data center products, and raised 2026 guidance for the third straight quarter. Under the deal, 3M issued Amazon a warrant to buy up to 3.2 million 3M shares, tied to reaching $6 billion in cumulative sales of those products over seven years and other milestones. Adjusted EPS rose 12% year over year, and full-year 2026 adjusted EPS guidance was lifted to $9.10 to $9.15, up from a Q2 midpoint of $8.88 and a Q1 midpoint of $8.60, with the Madison Fire & Rescue acquisition also contributing. The article links the move to 3M's broader push into AI infrastructure, including a 4.7% ownership stake in Genius Electronic Optical, a manufacturing partner for its fiber connector technology.
- 3M Jumps 6% on Expanded Amazon Data Center Deal and Earnings Beat; Coherent Edges Higher, Corning Stays Flat
3M shares rose 6% to $171.91 after the company reported third-quarter results above expectations and expanded its relationship with Amazon on optical connectivity and other data center products. Adjusted earnings per share were $2.50, above the $2.39 consensus cited in one analysis, while revenue of about $6.6 billion was broadly in line; adjusted organic sales grew 3.3%, while GAAP sales rose 1% year over year. 3M raised its full-year adjusted EPS guidance to $9.10–$9.15, but the update incorporates a new reporting basis, so comparisons with earlier figures require care. Under the agreement, 3M issued an Amazon subsidiary a seven-year warrant for up to about 3.16 million shares at $164.89; about 85% vests with Amazon's purchases, fully once cumulative payments reach $6 billion, while the remaining 15% depends on separate milestones.
- 3M Beat Estimates and Raised Guidance. Why an Amazon Deal Is Driving the Stock.
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