3M shares climb after third-quarter beat, raised guidance and Amazon deal
3M stock rose about 5% after third-quarter 2026 results, a raised full-year profit outlook and an expanded commercial relationship with Amazon.
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what happened
According to StockStory, shares of industrial conglomerate 3M gained 5.2% in the afternoon session after the company reported third-quarter 2026 results. GAAP sales reached $6.6 billion, adjusted organic sales grew 3.3%, and adjusted earnings per share came in at $2.50. The company lifted its full-year 2026 adjusted EPS guidance to $9.10–$9.15 per share.
Alongside the results, 3M said it is expanding its relationship with Amazon to supply optical connectivity and other data center products. Amazon received a warrant to buy up to 3.2 million shares, tied to reaching $6 billion in cumulative sales over seven years. The stock closed at $171.50, up 5.9% from the previous close.
why it matters
Two signals matter for the market: the higher earnings outlook and a new supply role in AI data center infrastructure. The move is notable for a stock that rarely swings this much, though it may not change the longer-term view of the business.
market impact
Industrial sector: raised outlook and Amazon deal support 3M shares
tags
instruments
sources
- Why Is 3M (MMM) Stock Rocketing Higher Today — stockstory.org, 20 October 2026 at 21:15 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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