3M (MMM) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- $2.46
- Estimate
- $2.38
- Surprise
- +3.2%
- Revenue (period 2026-09-30)
- $6.58B
- Score at report (before → after)
- 5.8 → 5.8/10
Revenue source: xbrl.
How the report landed
3M (MMM) beat the $2.38 estimate with adjusted EPS of $2.46 — a clear 3.2% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.8/10) to Hold at 5.8/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates MMM Hold at 5.8/10.
4 of the last 4 quarters beat the estimate; this quarter's +3.2% surprise compares with a +4.9% four-quarter average.
What supports the rating
- Strong earnings beat streak (4/4)
- Positive news sentiment (+1.00)
What argues against it
- Concentration risk — Geographic: revenues from outside the United States (56.0%)
- Analyst target reached - limited upside remaining
- Sector modifier (Industrials): -0.7
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $171.37
- Stop
- $163.75
The stock trades at 25.6× trailing but 17.4× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: trading volume is running 2.5× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-10-21 — shown for context, not personalized investment advice.
MMM at TrendMatrix's latest read
Industrial quarters are order-book stories — backlog and book-to-bill color how the market reads the reported number.
- Industry
- Conglomerates
- Market cap
- $88.38B
- P/E (fwd)
- 17.4
- P/E (ttm)
- 25.6
- 52-week range
- $139.34–$184.90
- Off 52-week high
- 7.3%
- RSI (14)
- 63
- Volume vs avg
- 2.46×
- Score today
- 5.8/10