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Original headline: Why 3M’s Amazon Deal Could Be a Big Game Changer for MMM Stock
Read the original on Yahoo Finance ↗
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Related tickers and likely impact
AMZN
• NeutralAmazon
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/23/2026 | 248.04 |
| Change that session | -0.93% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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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.
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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%.
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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.
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