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.
3M is set to report its second-quarter earnings on July 21, with analysts expecting a 5.1% growth in earnings to $2.27 per share on $6.38 billion revenue. The stock has gained momentum recently, rising 2.6% following a new AI-focused partnership with...
Microsoft and 3M have formed a strategic partnership where Microsoft will be the first hyperscale cloud provider to deploy 3M's Expanded Beam Optical (EBO) technology in Azure data centers. This tech improves fiber connections by making them faster t...
Scotch™ Brand has introduced Scotch® Kids Tape, a new product line designed to support creativity, crafting, and building projects for children aged four and up. The tape offers a less messy alternative to glue, encouraging kids to confidently bring ...
