Filing Flows › 3M (MMM) › Q1 2026
3M (MMM) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 21, 2026
3M (MMM) reported revenue of $6.0B for the first quarter 2026 (Q1 2026), +1% from a year earlier and -2% from the quarter before. Operating margin was 23.2%, net earnings $653M (10.8% of revenue).
3M, Q1 2026: revenue $6.0B (+1% year over year), operating margin 23.2%, net earnings $653M, operating cash flow $574M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.0B | -2% | +1% |
| Operating profit | $1.4B | +76% | +12% |
| Net earnings | $653M | +13% | -41% |
| Operating cash flow | $574M | -64% | — |
| Free cash flow | $349M | -74% | — |
What changed
Revenue was $6.0B in Q1 2026, up 1% year over year and down 2% from the previous quarter.
Operating profit was $1.4B, a 23.2% margin (up 2.2 points year over year). Of the extra revenue versus Q1 2025, 199% reached operating profit, above the 21% margin then. Total costs fell 2% while revenue rose 1%. The fastest-growing cost line was Other operating costs (+11%). Net earnings were $0.65B, down 41% year over year. The effective tax rate was 25.2%.
Operating cash flow was $0.57B, 87% of net earnings. Non-cash charges added back $0.33B of depreciation and amortization and $0.08B of share-based compensation. Working capital and other items used $0.49B. Capital expenditures of $0.23B left free cash flow of $0.35B.
Questions
What was 3M's revenue in the first quarter 2026?
3M (MMM) reported revenue of $6.0B for the first quarter 2026 (Q1 2026), +1% from a year earlier and -2% from the quarter before.
Was 3M profitable in the first quarter 2026?
Operating profit was $1.4B (23.2% of revenue) and net earnings $653M.
Source: 3M 10-Q on SEC EDGAR.