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3M Beats Q4 Estimates but Shares Fall on Slight 2026 Guidance Miss

Softer 2026 profit guidance outweighed the beat, pushing the stock lower before the bell.

Overview

  • The company posted adjusted EPS of $1.83 versus $1.80 expected and revenue of $6.02 billion versus $6.01 billion forecast.
  • 3M projected 2026 adjusted EPS of $8.50 to $8.70, with a midpoint a penny below the Street’s $8.61 estimate.
  • The stock fell roughly 4% in premarket trading following the outlook.
  • Operating margin rose to 23.4% from 21.4% a year earlier on cost cuts, pricing and commercial execution.
  • Consumer segment sales declined 1.2% year over year as U.S. retail demand softened, while the company touted 284 new products in 2025 and targets a 25% margin by end-2027.