3M reported better-than-expected third-quarter 2026 results and raised its guidance. Its expanded partnership with AWS in Expanded Beam Optical was cited as a growth driver for data-center demand.
3M reported results above its forecast for the third quarter of 2026 and raised its guidance. Its earnings per share (EPS) from continuing operations were also said to have increased as a result.
Short-term variables include the execution of its cost-cutting programme and product mix, while the need to contain cash outflows from PFAS-related litigation was also highlighted. The performance of AWS and the GSEO optical communications business was seen as linked to the strength of margins.
The expanded partnership with AWS on the Expanded Beam Optical platform points to a growth path for the Data Center and Electronics segments and could create revenue opportunities over the next several years. Along with demand from AI data centers, optical connectivity revenue and capital investment trends are areas to watch.
Current analyst forecasts project revenue of US$28.2 billion and net income of US$5.3 billion by 2029. Revenue is expected to grow by approximately 3.8% annually, while profit is forecast to increase by approximately US$2.3 billion from the current level of approximately US$3.0 billion.