SHARPE
Reported results
- Q3 2026 GAAP sales of $6.6 billion, up 1.0% YoY; adjusted sales of $6.6 billion with organic growth of 3.3% YoY
- Q3 2026 GAAP operating margin of 23.7%, up 150 bps YoY; adjusted operating income margin of 26.2% on new basis, up 110 bps YoY
- Q3 2026 GAAP EPS of $2.63, up 70% YoY; adjusted EPS of $2.50 on new basis, up 12% YoY
- Q3 2026 operating cash flow of $0.5 billion with adjusted free cash flow of $1.2 billion
- 2026 adjusted total sales growth guidance of >4.5%, reflecting adjusted organic sales growth of >3.5%
- 2026 adjusted EPS guidance raised to $9.10 to $9.15 on new basis; adjusted free cash flow guidance of ~$4.8 billion
Guidance
- 2026 adjusted total sales growth of >4.5% with adjusted organic sales growth of >3.5%
- 2026 adjusted EPS of $9.10 to $9.15
- 2026 adjusted operating cash flow of ~$5.9 billion
- 2026 adjusted free cash flow of ~$4.8 billion
Notes
Effective Q3 2026, 3M changed its non-GAAP reporting to treat amortization of intangible assets as a special item for all periods presented; this change increases Q3 adjusted operating income margin by approximately 40 bps and adjusted EPS by approximately $0.04, with no material year-on-year impact on new basis. The adjusted EPS guidance figures incorporate this new basis treatment.
Price and volatility reaction
The stock moved +5.8% on the print. No front-expiry chain was on file, so there is no straddle expected move.
| Measure | Value | Basis |
|---|---|---|
| Close before release | 162.01 | 2026-10-19 |
| Close after release | 171.37 | 2026-10-20 |
| Realised move | +5.8% | close to close |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-20 (8-K, Item 2.02). Read the original filing on sec.gov.