3M Stock Eyes October 20 Earnings Call After Q2 Beat
3M Company (MMM) is preparing for its third-quarter 2026 earnings conference call on October 20, 2026, at 8:00 a.m. CT. The call will be webcast live, with a replay available on the company's investor relations website. This upcoming earnings report will be closely watched by investors to see if the momentum from Q2 continues into the second half of the year.
In Q2 2026, 3M reported adjusted earnings per share of USD 2.40, beating the consensus estimate of USD 2.25. Adjusted sales totaled USD 6.5 billion, with revenue increasing 2.5 percent year over year. The company also raised its fiscal 2026 adjusted EPS guidance to USD 8.80-8.95. Key metrics for Q2 included an adjusted operating margin of 24.9 percent and adjusted free cash flow of USD 1.3 billion.
Analysts are divided on 3M's prospects. As of October 6, 2026, 15 analysts give the stock a consensus Hold rating, with seven Buy, seven Hold, and one Sell recommendation. The average 12-month price target is USD 181.36, which is 10.9 percent above the current price of USD 163.57. However, valuation remains tied to execution and litigation costs, with PFAS-related settlements potentially reaching USD 12.5 billion and Combat Arms earplug claims reaching USD 6 billion.
3M stock is currently trading at USD 163.57 on the NYSE, 11.5 percent below its 52-week high of USD 184.90. The company's market capitalization stands at USD 84.4 billion, with a trading volume of 527,919 shares as of October 6, 2026.