Filing Flows › 3M (MMM) › Q2 2026 › vs Q1 2026
3M (MMM) Q2 2026 vs Q1 2026 (quarter over quarter)
3M's revenue rose $470M (+8%) from $6.0B in Q1 2026 to $6.5B in Q2 2026. Operating margin 15.1% against 23.2% (-8.0 pts).
3M, Q2 2026: revenue $6.5B (+2% year over year), operating margin 15.1%, net earnings $938M, operating cash flow $986M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 15.1% | 23.2% | -8.0 pts |
| Net margin | 14.4% | 10.9% | +3.5 pts |
| Free cash flow margin | 11.7% | 5.8% | +6.0 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $6.5B | $6.0B | $470M | +8% |
| Other income, net | $136M | −$519M | $655M | — |
| Operating profit | $984M | $1.4B | −$413M | -30% |
| Costs & expenses | $5.5B | $4.6B | $883M | +19% |
| Pre-tax earnings | $1.1B | $878M | $242M | +28% |
| Cost of revenue | $3.8B | $3.6B | $243M | +7% |
| SG&A | $1.1B | $744M | $317M | +43% |
| Other operating costs | $638M | $315M | $323M | +103% |
| Net earnings | $938M | $659M | $279M | +42% |
| Income tax | $183M | $221M | −$38.0M | -17% |
| Depreciation & amortization | $335M | $326M | $9.0M | +3% |
| Share-based compensation | $41.0M | $80.0M | −$39.0M | -49% |
| Working capital & other | $328M | $491M | −$163M | -33% |
| Operating cash flow | $986M | $574M | $412M | +72% |
| Free cash flow (OCF − capex) | $763M | $349M | $414M | +119% |
| Capital expenditures | $223M | $225M | −$2.0M | -0.9% |
Questions
How much did 3M's revenue grow quarter over quarter in Q2 2026?
3M's revenue rose $470M (+8%) from $6.0B in Q1 2026 to $6.5B in Q2 2026. Operating margin 15.1% against 23.2% (-8.0 pts).