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 · Editorial policy
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 Sell at 5.4/10.
4 of the last 4 quarters beat the estimate; this quarter's +3.2% surprise compares with a +4.9% four-quarter average. Next scheduled report: 2027-01-19.
What supports the rating
- V7 quality resilience bonus: +0.2 (Q=7.2 in RISK_OFF)
- Strong earnings beat streak (4/4)
What argues against it
- Concentration risk — Geographic: revenues from outside the United States (56.0%)
- Analyst target reached - limited upside remaining
- Near 52-week high (4.6% away)
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
- $187.94
- Stop
- $177.32
The stock trades at 28.2× trailing but 19.0× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-11-10 — 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
- $97.47B
- P/E (fwd)
- 19.0
- P/E (ttm)
- 28.2
- 52-week range
- $139.34–$196.90
- Off 52-week high
- 4.6%
- RSI (14)
- 64
- Volume vs avg
- 0.13×
- Score today
- 5.4/10