3M stock falls 1.5 percent as October 20 earnings near

Published on 10/07/2026 at 16:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

3M stock traded at USD 161.18 on October 7, 2026, while Q2 adjusted EPS reached USD 2.40 against USD 2.25 consensus. Fiscal 2026 EPS guidance stands at USD 8.80-8.95.

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3M stock (ISIN US88579Y1010) was trading at USD 161.18 on the NYSE on October 7, 2026, down 1.50 percent from the prior close of USD 163.64. The company has scheduled its third-quarter 2026 earnings conference call for October 20, giving the market a clear checkpoint after a strong second quarter.

October 20 sets the next test

According to 3M on October 6, 2026, the third-quarter earnings call will begin on October 20, 2026, at 8:00 a.m. CT. The date matters because the second-quarter figures raised the bar for the next update on sales growth, margins and cash generation.

3M lists Q2 2026 adjusted sales of USD 6.5 billion, adjusted EPS of USD 2.40 and adjusted free cash flow of USD 1.3 billion for the quarter ended June 30, 2026. The finance data record shows reported quarterly revenue of USD 6.5 billion and diluted EPS of USD 1.78 for the same period, separating adjusted performance from GAAP results.

Consensus stays below the latest targets

According to MarketBeat on October 6, 2026, 15 analysts held a consensus rating of Hold, with seven Buy ratings, seven Hold ratings and one Sell rating. The average 12-month price target was USD 181.36, which lies 12.6 percent above the USD 161.18 intraday price.

Investing.com reported on September 25, 2026, that Bernstein upgraded 3M from Underperform to Market Perform and lifted its price target from USD 145 to USD 171. That target lies 6.1 percent above the October 7 intraday price, while the upgrade also cited an organic growth forecast of 3.5 percent to 4 percent.

Price remains inside the yearly range

The October 7 intraday range ran from USD 161.00 to USD 163.43, putting the latest price inside the session range and 12.8 percent above the 52-week low of USD 139.34. The 52-week high is USD 184.90, leaving the stock 12.9 percent below that level.

For investors, the October 20 update will test whether the USD 8.80-8.95 fiscal 2026 adjusted EPS guidance can coexist with the Hold consensus and the higher individual targets. The immediate market signal is cautious: 3M stock was trading at USD 161.18 on October 7, 2026, while second-quarter adjusted EPS had exceeded consensus by USD 0.15.