3M Raises EPS Outlook, Unveils Microsoft, Airbus, and F1 Partnerships
MMM sits 23% above its 52-week low of $139.34 on elevated volume (2.8× avg).
Summary
3M raised its full-year adjusted EPS guidance to $8.80–$8.95, up from $8.50–$8.70, and lifted its sales outlook to ~$25.4B. Q2 GAAP net income jumped to $933M ($1.78 EPS) from $723M a year ago. The company also announced a flurry of partnerships: scaling beam optics with Microsoft, supplying insulation for the Airbus A220, a multi-year technical tie-up with Cadillac F1, and launching an AI service on AWS. Shares rose about 6% in premarket trading, adding to Tuesday's 7.3% surge. The new deals signal broadening commercial traction beyond the core industrial recovery.
At the time of this announcement, MMM was trading at $170.75 on NYSE in the Manufacturing sector, with a market capitalization of approximately $89.1B. The 52-week trading range was $139.34 to $177.41. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.