ST. PAUL, Minn. – Oct. 20, 2026 − 3M (NYSE: MMM) today reported third-quarter results (Form 8-K)

ST. PAUL, Minn. - Oct. 20, 2026 − 3M (NYSE: MMM) today reported third-quarter results.

"We delivered another quarter of strong results, including solid sales growth, continued margin expansion, double-digit EPS growth, and robust free cash flow," said William Brown, 3M Chairman and CEO. "Improving productivity through structural transformation and a stronger pipeline of differentiated technologies reinforce our confidence in the full-year outlook and long-term growth and margin potential. I want to thank the 3M team for their focus on customers and disciplined execution, which continues to strengthen our performance and create shareholder value."

Third-quarter highlights:

									Q3 2026						Q3 2025
			GAAP EPS						$	2.63					$	1.55
			Special items:
			Loss on business divestitures						-						0.30
			(Increase) decrease in value of Solventum ownership						(0.60)						0.13
			Net costs for significant litigation and PFAS exit						0.19						0.19
			Transformation costs						0.08						0.02
			Amortization and business acquisition-related costs						0.20						0.04
			Adjusted EPS						$	2.50					$	2.23
			Memo:
			GAAP operating income margin						23.7		%				22.2		%
			Adjusted operating income margin						26.2		%				25.1		%

•Adjusted (non-GAAP) reporting updated to treat amortization of intangible assets as a special item for all periods presented; no material year-on-year impact on new basis.

•GAAP EPS of $2.63 and operating margin of 23.7%.

•Adjusted EPS of $2.50, up 12% year-on-year.

•Adjusted operating income margin of 26.2%, up 110 basis points year-on-year.

									GAAP						Adjusted (non-GAAP)
			Net sales (billions)						$6.6						$6.6
			Sales change
			Total sales						1.0%						4.2%
			Components of sales change:
			Organic sales						0.2						3.3
			Acquisitions/divestitures						0.9						0.9
			Translation						(0.1)						-
			Adjusted sales excludes manufactured PFAS products.

•Sales of $6.6 billion, up 1.0% year-on-year with organic sales up 0.2% year-on-year.

•Adjusted sales of $6.6 billion, up 4.2% year-on-year with adjusted organic sales up 3.3% year-on-year.

•3M returned $0.6 billion to shareholders via dividends and share repurchases.

•Cash from operations of $0.5 billion.

•Adjusted free cash flow of $1.2 billion.

1New basis: Updated non-GAAP reporting treats intangible asset amortization as a special item for all periods presented. The change increases base Q3 adjusted operating income margin by approximately 40 bps and adjusted EPS by approximately $0.04. Year-on-year comparisons are not materially impacted as all periods are reflected on the same basis.

1

Strategic and operational highlights

The following are recently announced highlights:

•3M entered into an expanded strategic commercial relationship with Amazon to deploy and scale 3M's optical connectivity and other Data Center related products. 3M issued a warrant to Amazon to purchase up to 3.2 million shares of 3M common stock based upon the achievement of $6 billion in cumulative sales of optical connectivity and other Data Center related products over the next seven years, and other event-based milestones.

•3M is collaborating with Genius Electronic Optical Co., Ltd. (GSEO), an optical technology company, to advance technology development and manufacturing for 3M's Expanded Beam Optics (EBO) solutions. In support of these efforts, 3M is investing to acquire ~4.7% of GSEO's common shares. The collaboration brings together 3M's EBO technology leadership, optical interconnect expertise, materials science, manufacturing scale and customer relationships with GSEO's precision optics manufacturing capabilities and production scale.

•3M introduced Cooling Film technology for fleet and rail applications, expanding its portfolio of thermal management solutions for transportation customers. Applied to vehicle roofs, the highly reflective performance film uses thermal management technology to reduce heat buildup and help keep interiors noticeably cooler.

•3M showcased how its materials science expertise supports innovation in golf equipment through its collaboration with PING. By pairing PING's expertise in club design and custom manufacturing with 3M's broad portfolio of materials science solutions, the two companies can collaborate on engineering solutions that turn complex technical challenges into repeatable, high-quality results on the course.

•3M and BOE established a joint innovation laboratory to accelerate next-generation display technology development. The joint research and development platform brings together BOE's display innovation and end-use application expertise with 3M's materials science capabilities to accelerate higher-performance solutions across LCD, OLED and MLED applications, including improvements in light efficiency, foldable displays and ultra-narrow bezel processes.

•3M continued to expand its work with U.S. and international government customers, with third-quarter awards supporting defense, health care, and emergency response needs. Awards included PELTOR™ communication and hearing protection solutions for various U.S. military services and Scott SCBAs for the U.S. Navy, respirator and SCBA products for the National Institutes of Health, and respirators for international customers, reflecting 3M's growing work with government partners around the world.

Updated full-year 2026 guidance

3M provided an update to the full-year 2026 guidance provided on July 21, 2026, incorporating the company's performance year-to-date, the acquisition of Madison Fire & Rescue, and a change in non-GAAP treatment of amortization.

•Adjusted total sales growth2 of >4.5 percent, reflecting adjusted organic sales growth2 of >3.5 percent.

•Adjusted EPS2 of $9.10 to $9.15.

•Adjusted operating cash flow2 of ~$5.9 billion with adjusted free cash flow of ~$4.8 billion.

2As further discussed at 5 within the "Supplemental Financial Information Non-GAAP Measures" sections, 3M cannot, without unreasonable effort, forecast certain items required to develop meaningful comparable GAAP financial measures and, therefore, does not provide them on a forward-looking basis reflecting these items.

Conference call

3M will conduct an investor teleconference at 9 a.m. ET (8 a.m. CT) today. Investors can access this conference via the following:

•Live webcast at https://investors.3M.com

•Webcast replay at https://investors.3m.com/financials/quarterly-earnings

2