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%.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related news
- 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 On Expanded Amazon Data Center Deal; Earnings On Tap
- 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 Stock Jumps on Amazon Warrant: What the $6 Billion Really Means
3M shares rose about 4.4% to around $169 in pre-market trading after the company gave Amazon a warrant for up to 3,162,015 shares at $164.89 each over seven years, tied to Amazon's data center purchases. Shares vest as Amazon pays for optical connectivity and other data center products, fully at $6 billion in cumulative payments, though nothing in the filing commits Amazon to buy. Spread evenly over seven years, that is about $857 million a year, roughly 3.4% of 3M's trailing revenue of $25.18 billion and 1.4 times the about $600 million 3M expects from data center work in 2026. Under US accounting rules the warrant reduces revenue, and 3M has not disclosed its fair value. Adjusted EPS of $2.50 beat the $2.39 consensus, but the article says the beat is smaller once the exclusion of intangible amortization is considered, and guidance rose to $9.10 to $9.15.
- 3M Shares Rise 4.5% Premarket Following Expanded Amazon Agreement and Taiwan Investment Plan
3M (NYSE: MMM) shares rose 4.5% in premarket trading on Tuesday after the company announced an expanded commercial relationship with an Amazon subsidiary and plans to acquire about 4.7% of Taiwan-based Genius Electronic Optical Co. (GSEO) through a private placement; financial terms of that investment were not disclosed. Under the expanded agreement announced late Monday, 3M issued Amazon a seven-year warrant to buy up to 3.16 million common shares at $164.89 per share, a potential value of more than $521 million if fully exercised. About 85% of the warrant shares vest based on Amazon's cumulative qualifying purchases of optical interconnect and other data centre products from 3M, with full vesting once those payments reach $6 billion. The GSEO investment relates to 3M's Expanded Beam Optical solutions used in data centre connectivity.
- MMM Stock Jumps Overnight: Amazon Could Own A Piece Of 3M If It Spends $6B On Its Data Center Products
According to an SEC filing, 3M granted an Amazon subsidiary a warrant to acquire up to about 3.16 million shares over seven years at $164.89 per share, and 3M stock rose 5.5% overnight. Most of the shares (85%) vest when Amazon's cumulative payments for optical connectivity and other data center products reach $6 billion, while the remaining 15% tie to event-based milestones the filing does not detail. Microsoft said in July it would use 3M's Expanded Beam Optical (EBO) technology in its Azure AI data centers, reflecting growing networking needs as AI expands. On Monday, 3M also announced a partnership with Taiwan-based Genius Electronic Optical Co. (GSEO) and a planned share purchase giving it an approximately 4.7% stake, with closing expected in the fourth quarter.
Related markets
Latest news
- Zcash Leads Crypto Bounce, Surging 8.5% as Bitcoin Reclaims $83,000
Crypto markets rebounded on Tuesday, led by Zcash, which rose 8.5% in 24 hours to $1,215.85 and lifted its market cap to $20.57 billion. Bitcoin gained 1.57% to $83,195 and Ethereum climbed 2.90% to $2,463.35, while total crypto market cap rose 1.68% to $2.78 trillion. Zcash had fallen about 25% over the past month, so the bounce partly reflects an oversold market where forced liquidations of leveraged bets had already worked through selling pressure. Macro risks remain high, with Brent crude near $110 a barrel and the 10-year Treasury yield above 5%, and traders are watching the Federal Reserve's upcoming policy meeting.
- The Coinbase allegations expose Bitcoin's corporate governance gap
Onramp CEO Michael Tanguma argues that corporate bitcoin adoption will stall until companies can show who controls the funds, who approves transfers and whether the assets still exist. BlockTower Capital founder Ari Paul accused Coinbase of losing roughly $25 million of his firm's assets and concealing more than $1 billion in hacks across a dozen institutions; Coinbase denies this, and Paul says ongoing litigation prevents him from publishing his evidence, so outsiders cannot verify either claim. Unlike corporate bank or brokerage accounts, bitcoin often sits behind a single exchange login or hardware wallet, as when QuadrigaCX's CEO died in 2018 holding the only keys and about $190 million in customer assets was lost. A Deloitte survey of 200 CFOs found that the complexity of accounting and controls held back 42% of respondents, while more than 360 physical attacks on holders have been logged since 2014. The author argues that multisignature custody, native to bitcoin's protocol, can distribute risk instead of concentrating it in one person or company.
- Margin Debt Hits Record Near 440,000 Billion VND as Bank-Backed Brokerages Surge
Market-wide margin debt is estimated at about 440,000 billion VND at the end of the third quarter, up 5,000 billion in the quarter and a record high. Total brokerage lending, including margin and advances on sales, is about 455,000 billion VND, also a record and up 10,000 billion from the previous quarter. Twelve brokerages with bank backing hold more than half of that total, at about 240,000 billion VND, after rising nearly 14,000 billion in the quarter, faster than the sector overall. TCBS remains the largest with nearly 55,000 billion VND, while VPBankS has moved ahead of SSI into second place. The article notes that part of this lending comes from deals with institutions and company executives rather than from retail investors' leverage.
- AI's next canary in the coal mine: Is it OpenAI, memory, or something else?
Panelists on the Market Hang segment of Wall Street Skinny discuss the next “canary in the coal mine” for AI sentiment. Kristen Kelly is watching Anthropic's S1 filing and whether Anthropic and OpenAI can turn revenue growth into profits and cash flow. Amy Wu Silverman of RBC Capital Markets flags a highly dispersed market with low correlation and suppressed VIX, warning that any rise in correlation could unwind trades that sell volatility. Kevin Mahn of Hennion & Walsh sees two risks: Hormuz staying closed well past the midterm elections, keeping oil above $100 and possibly $110 a barrel, which could push the Federal Reserve to raise rates; and memory chips, where Micron's backlog could signal demand for Nvidia.
- Meta Stock Climbed 25% in September. Here’s Why There’s More Upside Ahead
Meta Platforms stock gained about 25% in September, while the S&P 500 rose less than 1%, though Meta has given back some of those gains in October. Heavy AI spending has pressured profits: second-quarter revenue rose 28% year over year to $60.8 billion, but income from operations fell 8% to $18.8 billion and free cash flow dropped 91% to $784 million. The article points to positive signs, including the Muse AI agent, free up to usage limits, rising to the top of the iOS free app download charts, plans to charge retailers transaction fees, and a strong core ad business. On legal risks, Meta will pay roughly $12.7 billion to U.S. states over a 10-year period, plus $5.3 billion contingent on certain conditions, and the author argues the company is well equipped to handle its remaining lawsuits. The stock trades at 22.1x forward earnings, versus 19.1x for information technology stocks.
- Solar Stocks Rebound as Selloff Reverses: Sunrun Surges 10%, SolarEdge and Enphase Energy Climb 5%
Solar stocks rebounded after a heavy selloff, with Sunrun (RUN) up 10% to $7.59, recovering part of its slide to a 52-week low. SolarEdge (SEDG) and Enphase Energy (ENPH) each rose 5%, the Invesco Solar ETF (TAN) gained 1%, and the SPDR S&P 500 ETF Trust (SPY) rose 0.3%. Sunrun cut its full-year 2026 outlook, with Aggregate Subscriber Value now $4.6 billion to $4.9 billion and Cash Generation targeted at $200 million to $375 million, citing softer affiliate channel volumes, a slower direct sales ramp and higher capital costs. Its Q2 2026 subscriber additions fell 31% year over year to 19,793, even as its storage attachment rate hit a record 74%. The article says the rebound could offer upside, but investors should stay measured until questions about guidance and the sales-force ramp are resolved.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.