What happened: 3M (MMM) stock jumped more than 8% on Tuesday after the industrial conglomerate beat Wall Street's earnings expectations and raised its full-year guidance.
What's behind the move: For the second quarter, 3M reported adjusted earnings of $2.40 per share, well above the $2.25 expected by ***** ysts. Adjusted operating margins improved to 24.9%, a sign that the company's multiyear turnaround, which began in 2024, is gaining traction.
3M now expects adjusted earnings of $8.80 to $8.95 per share in 2026, up from its previous forecast and ahead of ***** ysts' expectations of $8.74.
What else you need to know: While 3M is known for products like Post-it Notes and Scotch Tape, the company has increasingly positioned itself as a materials technology supplier of growing industries such as electronics, advanced manufacturing, aerospace, and artificial intelligence infrastructure.
In the company's earnings release, 3M highlighted software giant Microsoft (MSFT) as the first hyperscaler to deploy its Expanded Beam Optics technology for AI data centers.

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