3M Company (MMM) earnings on July 21, 2026
Prior outlook: Pessimistic Outcome: Missed
3M shares climbed 7.3% after quarterly results, despite weakness in consumer electronics.
MMM price around the earnings
170.76
Change: +7.3%
2026-07-21, 20:00 UTC
Start of the measured window
End of the measured window
159.11
164.63
170.15
175.67
159.11
July 21, 2026
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Missed
- Thesis published
- Results released
Strong historical earnings beats are challenged by recent analyst downgrades and mixed recent trend strength into earnings.
Context analyzed before publication
- Trend
- Stock experienced a volatile, negative trajectory into earnings, with some recovery but remaining in a price decline.
Analysts
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 2.22
- Analysts covering the stock
- 17
- Average price target
- 171.55
- Lowest price target
- 120
- Highest price target
- 209
- Upside to price target
- 7.8%
- Quarterly earnings growth
- -41.5%
- Revenue growth
- 1.3%
- Forward EPS
- 9.49
- Trailing EPS
- 5.17
- Analyst moves in the last 60 days
- 3
- Strong buy: 1
- Buy: 8
- Hold: 6
- Sell: 0
- Strong sell: 3
- Strong buy
- 1
- Buy
- 8
- Hold
- 6
- Sell
- 0
- Strong sell
- 3
- July 17, 2026 · JP Morgan: Upgrades rating (Neutral → Overweight)
- July 16, 2026 · RBC Capital: Maintains rating (Underperform → Underperform)
- June 10, 2026 · Bernstein: Initiates coverage (Underperform)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (3)
- How To Earn $500 A Month From 3M Stock Ahead Of Q2 Earnings (opens in a new tab) — Benzinga
- This 3M Analyst Turns Bullish; Here Are Top 5 Upgrades For Friday (opens in a new tab) — Benzinga
- Abbott To Rally More Than 35%? Here Are 10 Top Analyst Forecasts For Friday (opens in a new tab) — Benzinga
Technicals
Evidence
- Average true range (ATR)
- 2.3%
- Distance to 52-week high
- -8.0%
- 14-day change (14d)
- -1.9%
- 30-day change (30d)
- +4.3%
- 30-day relative strength
- +4.3%
- Benchmark change (0d)
- +0.0%
- Nearest support
- 159.16
- Nearest resistance
- 159.92
- Volume accumulation ratio (14d / 46d)
- 0.73
Trends
Evidence
- Average earnings surprise
- +5.7%
- April 21, 2026: actual EPS 2.14 vs estimate 1.98 (surprise +7.9%)
- January 20, 2026: actual EPS 1.83 vs estimate 1.8 (surprise +1.8%)
- October 21, 2025: actual EPS 2.19 vs estimate 2.07 (surprise +5.6%)
- July 18, 2025: actual EPS 2.16 vs estimate 2.01 (surprise +7.4%)
Expected move
There is no implied-move data available for this event.
Reactions over its last 20 earnings
- Median move
- 4.5%
- 75th percentile move
- 6.4%
- 90th percentile move
- 8.6%
- Up / down moves
- 11 / 9
- Average up move
- +6.0%
- Average down move
- -3.7%
Monitoring and close
What 3M Company reported
- Status
- Finished
| Actual EPS | 2.4 |
|---|---|
| EPS estimate | 2.25 |
| EPS surprise | +6.7% |
| Revenue | $6,500 million |
| Revenue estimate | $6,405 million |
| Revenue surprise | +1.5% |
3M beat Q2 estimates and raised its full-year outlook. Shares rose 9% after adjusted earnings of $2.40 per share.
Sources (20)
- 3M finds a surprising role in the AI data-center boom (opens in a new tab) — TheStreet
- 3M Co (MMM) Q2 2026 Earnings Call Highlights: Strong Growth and Raised Guidance (opens in a new tab) — GuruFocus.com
- Why Is 3M (MMM) Stock Soaring Today (opens in a new tab) — StockStory
- 3M: The EBO Partnership With Microsoft Opens A Long-Tail Data Center Growth Story (opens in a new tab) — SeekingAlpha
- 3M's Q2 Earnings Top Estimates, Safety & Industrial Sales Rise Y/Y (opens in a new tab) — Zacks
- 3M Q2 Earnings Call Highlights (opens in a new tab) — MarketBeat
- Q2 Earnings Pick Up Steam: GM, MMM, DHI & More (opens in a new tab) — Zacks
- Full Transcript: 3M Q2 2026 Earnings Call (opens in a new tab) — Benzinga
- 3M Lifts 2026 Earnings Outlook Following Second-Quarter Beat (opens in a new tab) — MT Newswires
- 3M Company (MMM) Q2 2026 Earnings Call Transcript (opens in a new tab) — SeekingAlpha
- 3M shares jump on Q2 earnings beat, raised guidance (opens in a new tab) — Proactive
- Compared to Estimates, 3M (MMM) Q2 Earnings: A Look at Key Metrics (opens in a new tab) — Zacks
- 3M Sparks Dow Jones, Flashes Buy Signal As Growth Accelerates (opens in a new tab) — Investor's Business Daily
- 3M: The Turnaround Is Real, But Already Priced In (opens in a new tab) — SeekingAlpha
- 3M Turnaround Gains Momentum, Raises 2026 Profit Outlook (opens in a new tab) — Benzinga
- 3M Co. (NYSE:MMM) Stock Jumps on Strong Earnings Beat and Raised Guidance as Profitability Accelerates (opens in a new tab) — ChartMill
- 3M shares rally after second-quarter earnings beat and higher full-year outlook (MMM) (opens in a new tab) — InvestorsHub
- 3M (NYSE:MMM) Exceeds Q2 CY2026 Expectations, Stock Soars (opens in a new tab) — StockStory
- 3M Reports Second-Quarter 2026 Results; Increases Full-Year Guidance (opens in a new tab) — Yahoo
- Earnings per share: $2.40 vs $2.27 expected — above expectations. Revenue: $6.50B vs $6.47B expected. — Finnhub
Pre-market second reading after the results
Heading into the open, the figures overturn the prior pessimistic scenario. In the 1037 past cases with a similar move, the close held that direction 96% of the time.
How the stock reacted
- Outcome
- Missed
- Consolidated
- +7.3%
- Max favorable move (MFE)
- 0%
- Max adverse move (MAE)
- 10.7%