MMM Q2 FY2026 earnings: EPS beat by 5.7%, revenue beat by 1.5%
3M CO reported Q2 FY2026. EPS came in at $2.40 against a $2.27 consensus, beat by 5.7%. Revenue was $6.5B versus $6.4B expected, beat by 1.5%. Gross margin was 41.3%, up 60 bps from last quarter.
Guidance “The updated guidance implies second half organic sales growth of high-3s or better over 2x macro and margin expansion of about 100 basis points from the prior year resulting in EPS growth of approximately $0.30 at the midpoint.”
Capacity & Capex “Though oil price cost is dollar neutral, it impacts margin rate by 20 basis points which we will mitigate through higher volume and better productivity resulting in operating margin expansion in line with our prior expectations.”
4 more flagged statementsand 3 tone events from this call are in the Pro read.
Subscribe — $9.99/mo →| Metric | Actual | Consensus | Surprise |
|---|---|---|---|
| EPS | $2.40 | $2.27 | beat by 5.7% |
| Revenue | $6.5B | $6.4B | beat by 1.5% |
| Line | This quarter | QoQ | YoY |
|---|---|---|---|
| Revenue | $6.5B | +7.8% | +2.5% |
| Gross profit | $2.7B | +9.2% | +1.3% |
| Operating income | $984.0M | -29.6% | -10.7% |
| Net income | $-659.0M | -200.9% | -191.1% |
| Diluted EPS | $1.78 | +44.7% | +32.8% |
| Gross margin: 41.3%. |
Revenue is up 2.5% from the same quarter last year. Gross margin sits at 41.3%, 70 bps off its 8-quarter high.
This section is part of the Pro report for MMM.
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