Filing Flows › 3M (MMM) › Q2 2026
3M (MMM) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 21, 2026
3M (MMM) reported revenue of $6.5B for the second quarter 2026 (Q2 2026), +2% from a year earlier and +8% from the quarter before. Operating margin was 15.1%, net earnings $938M (14.4% of revenue).
3M, Q2 2026: revenue $6.5B (+2% year over year), operating margin 15.1%, net earnings $938M, operating cash flow $986M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.5B | +8% | +2% |
| Operating profit | $984M | -30% | -14% |
| Net earnings | $938M | +42% | +29% |
| Operating cash flow | $986M | +72% | — |
| Free cash flow | $763M | +119% | — |
What changed
Revenue was $6.5B in Q2 2026, up 2% year over year and up 8% from the previous quarter.
Operating profit was $1.0B, a 15.1% margin (down 2.8 points year over year). Operating profit fell $0.16B even though revenue rose $0.16B versus Q2 2025, so costs grew faster than sales. Total costs grew 6% against revenue growth of 2%. The fastest-growing cost line was Other operating costs (+119%). Net earnings were $0.93B, up 29% year over year. The effective tax rate was 16.3%.
Operating cash flow was $1.0B, 105% of net earnings. Non-cash charges added back $0.34B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.33B. Capital expenditures of $0.22B left free cash flow of $0.76B.
Questions
What was 3M's revenue in the second quarter 2026?
3M (MMM) reported revenue of $6.5B for the second quarter 2026 (Q2 2026), +2% from a year earlier and +8% from the quarter before.
Was 3M profitable in the second quarter 2026?
Operating profit was $984M (15.1% of revenue) and net earnings $938M.
Source: 3M 10-Q on SEC EDGAR.