3M stock heads into October 20 earnings after a Q2 beat

Published on 10/04/2026 at 16:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

3M stock posted adjusted EPS of USD 2.40 in Q2 2026 against USD 2.25 consensus. Full-year adjusted EPS guidance stands at USD 8.80-8.95, while the October 2 price was USD 161.76.

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3M stock (ISIN US88579Y1010) was last at USD 161.76 on the NYSE on October 2, 2026, giving the company a market capitalization of USD 83.4 billion. The industrial technology group enters its next reporting cycle after Q2 adjusted EPS reached USD 2.40 against USD 2.25 consensus, according to 3M Company.

Q2 earnings beat expectations

3M's latest reported quarter ended June 30, 2026. The company's investor-relations page lists adjusted sales of USD 6.5 billion, adjusted EPS of USD 2.40 and adjusted free cash flow of USD 1.3 billion for Q2 2026.

MarketBeat reports that adjusted EPS exceeded the USD 2.25 estimate by USD 0.15, while quarterly revenue rose 2.5 percent year over year to USD 6.50 billion. The same report says 3M maintained fiscal-year 2026 adjusted EPS guidance of USD 8.80-8.95.

Analysts see measured upside

According to MarketBeat, 15 analysts give 3M an overall Hold consensus, split between seven Buy ratings, seven Hold ratings and one Sell rating. The average price target is USD 181.36, which is 12.1 percent above the USD 161.76 reference price.

A separate report published by Yahoo Finance says Bernstein raised its target from USD 145 to USD 171 and changed its rating from Underperform to Market Perform on September 26, 2026. The note cited 3M's operational turnaround, but it also highlighted PFAS litigation and valuation as constraints.

October 20 is the next checkpoint

Yahoo Finance lists October 20, 2026, as 3M's next earnings date. The coming report will test whether the Q2 combination of USD 6.5 billion in sales and USD 2.40 adjusted EPS can support the company's fiscal-year guidance.

3M stock stays below its yearly high

3M stock was last at USD 161.76 on the NYSE on October 2, 2026. The 52-week range was USD 139.34 to USD 184.90, and trading volume was 3,026,154 shares.