FN2 Earnings Intelligence

MMM expanded earnings history

3M Company (MMM) quarterly earnings scorecards, market reactions, transcript intelligence, and historical context.

Earnings History

Estimate Beat Miss Match
MMM EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 4 future estimate-only quarters. Q4 '23 estimate $2.31 Q4 '23 actual $2.42, beat Q1 '24 estimate $2.10 Q1 '24 actual $2.39, beat Q2 '24 estimate $1.68 Q2 '24 actual $1.93, beat Q3 '24 estimate $1.91 Q3 '24 actual $1.98, beat Q2 '25 estimate $2.01 Q2 '25 actual $2.16, beat Q3 '25 estimate $2.07 Q3 '25 actual $2.19, beat Q4 '25 estimate $1.80 Q4 '25 actual $1.83, beat Q1 '26 estimate $1.98 Q1 '26 actual $2.14, beat Q2 '26 estimate $2.25 Q2 '26 actual $2.40, beat Q3 '26 estimate $2.39 Q4 '26 estimate $2.02 Q1 '27 estimate $2.27 Q2 '27 estimate $2.62
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MMM FY2026 Q2 · Calendar Q3 2026

3M Company

3M's Q2 results beat on both lines, with 5.4% organic growth and $2.40 EPS against a $2.25 consensus, while operating margin expanded to 24.9%. The raised full-year guidance reflects management's confidence that commercial-excellence programs, an accelerating innovation pipeline, and data-center demand for Expanded Beam Optics are creating durable momentum. The Microsoft partnership and Madison Fire & Rescue acquisition extend the portfolio reshaping toward higher-growth, higher-margin markets.

EPS surprise+6.7%
Market move+7.3%
MMM FY2026 Q1 · Calendar Q2 2026

3M Company

3M's Q1 2026 EPS beat was driven by safety and industrial strength, a more-than-10% rise in orders and double-digit backlog growth, with management holding full-year guidance (~3% organic growth, $8.50-$8.70 EPS). The quality of the beat rests on order momentum and new-product cadence rather than price alone; near-term watch items are consumer-electronics softness, oil-driven input costs, and tariff/stranded-cost pressure.

EPS surprise+8.1%
Market move-1.9%
MMM FY2025 Q4 · Calendar Q1 2026

3M Company

The transcript supports a constructive but conditional view: commercial execution, product launches and operational improvements can support growth, while the FY 2026 outlook depends on managing soft demand, cost headwinds and a complex transformation.

EPS surprise+1.7%
Market move-7.0%
MMM FY2025 Q3 · Calendar Q4 2025

3M Company

The current analysis supports a constructive but conditional view: stronger demand, new products, cross-selling and productivity can support earnings growth, while tariffs, litigation and restructuring execution remain material constraints.

EPS surprise+5.8%
Market move+7.7%
MMM FY2025 Q2 · Calendar Q3 2025

3M Company

The current analysis supports a constructive but conditional view: earnings growth, productivity and resilient areas of demand improved the near-term setup, while tariffs, PFAS liabilities and softer end markets remain material constraints. The evidence does not establish that these drivers will persist over the next year.

EPS surprise+7.5%
Market move-3.7%
MMM FY2025 Q1 · Calendar Q2 2025

3M Company

The quarter supports a constructive but conditional view: product innovation and commercial execution are positives, while tariffs and softer end markets remain the key tests.

EPS surprise—
Market move+8.1%

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