Pomegra3M Stock Rises 5% After Guidance Raise, Amazon Deal
Why is 3M stock up today?
3M (MMM) stock rose about 5% to roughly $170 on Tuesday after the company raised its 2026 profit forecast for the second straight quarter and expanded its Amazon data-center supply deal.
Key numbers
| Q3 adjusted profit per share | $2.50+12% YoY |
|---|---|
| 2026 profit forecast (per share) | $9.10–$9.15from $8.80–$8.95 |
| Q3 adjusted sales | $6.6B+4.2% YoY |
| Amazon warrant | 3.16M shares$164.89 strike; $6B sales target |
| 3M share price (11:47 a.m. ET) | $170.05+4.96% on the day |
What happened
3M (MMM) stock rose about 5% to roughly $170 on Tuesday after the company raised its 2026 profit forecast for the second straight quarter and expanded its Amazon data-center supply deal. Third-quarter profit per share, excluding one-time items, was $2.50, up 12% from a year ago and above the $2.39 analysts expected. 3M now expects $9.10 to $9.15 a share for 2026, up from $8.80 to $8.95 in July. Amazon also received a warrant, a right to buy up to 3.16 million 3M shares at $164.89, most of which unlocks as Amazon buys $6 billion of 3M data-center products.
Why it matters
3M is showing that an older industrial company can earn money from the AI data-center boom, since Amazon's warrant is tied to up to $6 billion of purchases of 3M's optical connectivity products (the parts that link data-center equipment). Raising its own forecast (guidance) two quarters in a row suggests management sees steadier profits ahead. If Amazon uses the warrant, current shareholders would own a slightly smaller share of the company.
Who this affects
- MarketneutralLow impact
- Little effect on broad market; industrial-stock holders see good news.
- CompanybullishMedium impact
- 3M shareholders gain from higher profit forecast and new data-center demand.
- CompetitorsmixedLow impact
- Data-center connection suppliers may face a stronger 3M rival.
- IndustrybullishMedium impact
- Shows older industrial firms can profit from AI data-center spending.
3M vs Honeywell, Corning, Amphenol
How we got here
3M raises 2026 profit forecast to $8.80–$8.95 from $8.50–$8.70 after Q2 profit of $2.40 per share.
3M signs expanded Amazon data-center deal and issues warrant for up to 3.16 million shares.
Shares gain more than 5% in after-hours trading on the Amazon news.
3M reports Q3 profit of $2.50 per share and lifts 2026 forecast to $9.10–$9.15.
What to watch
- Whether 3M's fourth-quarter results back the new $9.10–$9.15 full-year profit forecast.Q1 2027
- Progress toward the roughly $4.8B free cash flow (cash left after spending) 3M expects for 2026.Q4 2026
- How fast Amazon purchases move toward $6B, the level that unlocks most of the warrant.2033-10
Educational content only. Not investment advice.
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