3M (MMM) Q1 2026 Earnings: EPS Beats by 7.9%, Revenue Meets Estimates

Recent Developments

3M Company (NYSE: MMM) reported first-quarter 2026 results on Tuesday, delivering a profit beat while revenue came in line with Wall Street forecasts. The industrial conglomerate posted sales of $6.03 billion, up 4.3% year over year, matching analyst expectations, according to data compiled by Yahoo Finance.

On the bottom line, 3M's non-GAAP earnings per share came in at $2.14, exceeding the analyst consensus by 7.9%, according to ChartMill. On a GAAP basis, profit dipped due to one-off charges that weighed on the quarterly result, as reported by Finnhub.

Despite the earnings beat, 3M reaffirmed its full-year guidance, though the midpoint of its profit outlook came in just below analyst expectations, according to Investing.com. The company is betting that rebounding demand for industrial products and office supplies will offset the impact of those one-time charges, per Finnhub. The market reaction was described as cautious, with the company continuing to focus on restructuring efforts.

Financial Snapshot

3M shares were trading at $152.97 on Tuesday, up $1.57, or 1.04%, on the day. The previous close stood at $151.40. Over the past 52 weeks, the stock has traded in a range of $124.65 to $177.41, placing the current price in the lower half of that range.

Q1 revenue of $6.03 billion represented 4.3% year-over-year growth. Non-GAAP EPS of $2.14 was the headline profit figure, coming in ahead of consensus. Full-year guidance was reaffirmed but fell slightly short of what analysts had modeled, a factor that tempered the initial market enthusiasm following the earnings release.

Wall Street View

As of the latest consensus dated April 1, 2026, Wall Street's view on 3M remains broadly constructive. The breakdown shows 5 Strong Buy ratings, 8 Buy ratings, 10 Hold ratings, and 1 Sell rating, with no Strong Sell recommendations. This distribution is unchanged from the prior period recorded on March 1, 2026, which also showed 5 Strong Buy and 8 Buy ratings. Analyst price target data is not available at this time.

Key Takeaways

• 3M reported Q1 2026 non-GAAP EPS of $2.14, beating analyst estimates by 7.9%, while revenue of $6.03 billion met expectations with 4.3% year-over-year growth.
• GAAP profit declined due to one-time charges, though the company described demand for industrial products and office supplies as rebounding.
• Full-year guidance was reaffirmed but came in slightly below analyst forecasts, contributing to a cautious market reaction.
• The current Wall Street consensus stands at 13 Buy-equivalent ratings versus 10 Holds and 1 Sell, with no changes from the prior month.