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3M expects solid Q2 sales growth and raised 2026 EPS forecast amid strong orders and margin gains

Market News
22 Jun 2026
Proactive Investors
View Source
Bullish
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3M Co provided a positive outlook for its second quarter and the rest of 2026, driven by strong order momentum and higher backlog levels, with backlog coverage rising to about 27-29% of next quarter sales. The company expects organic sales growth above 3% in Q2, supported by strength in its Safety & Industrial group and growth in data centers, semiconductors, aerospace, and defense, despite weakness in automotive and consumer electronics. Margin improvements are expected from productivity and pricing discipline, and 3M raised its total addressable market estimate for its optical IP portfolio to $2 billion. Bank of America raised its 2026 EPS estimate to $8.80 and Q2 EPS forecast to $2.28, maintaining a Buy rating.

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