MMM 3M Company (MMM) Q1 FY26 earnings call
3M delivered solid Q1 performance with mid-teens EPS growth and margin expansion, driven by strong productivity and commercial rigor despite a light top-line start. Encouraging order trends and new product introductions support an acceleration in growth for the remainder of the year, reinforcing confidence in full-year guidance. The company is actively reshaping its portfolio and investing in automation for long-term structural improvements.
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MMM operating KPIs by quarter
| KPI | Mar 2025 Q1 FY25 | Jun 2025 Q2 FY25 | Dec 2025 Q4 FY25 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|
| New products launched | — | 64In Q2, we launched 64 new products, up about 70% versus last year, which puts us at 126 launches for the first half and on track to exceed our target of 215 for the year.Source: earnings call transcript | — | 92In the quarter, we launched 92 new products, up 44% versus last year, bringing our first half total to 176 launches and putting us on track to deliver more than 350 new products this year.Source: earnings call transcript | — |
| On-time in-full (OTIF) | 89%On-time in-full, or OTIF, increased 3.5 percentage points versus last year and about 1 point sequentially to 89%, the best quarter we've had in the past 5 years.Source: earnings call transcript | 89.6%On service, our on-time in full metric reached 89.6%, the highest quarterly performance we've achieved in nearly 6 years, and we exited June at just over 90%.Source: earnings call transcript | — | — | +0.6 pt |
| On-time in-full (OTIF) Safety and Industrial | ~82%Consumer and Transportation Electronics performed again above 90%, and Safety and Industrial was up 2 points to about 82%, is on a steep climb to achieve 90% by year-end.Source: earnings call transcript | 83%Consumer and TEBG remained consistently above 90% and SIBG was 83% for the quarter, improving more than 300 basis points year-on-year.Source: earnings call transcript | — | — | — |
| Overall equipment effectiveness (OEE) | 58%Our metric for equipment utilization, or OEE, was up 4 percentage points sequentially to 58% and is now deployed on 191 key assets across our 38 largest factories, a 10x increase over this time last year and covering about 50% of production volume.Source: earnings call transcript | ~59%Our overall equipment effectiveness, metric was approximately 59%, showing continued improvement both year-on-year and sequentially with a lot of runway ahead of us.Source: earnings call transcript | — | — | — |
| Employees China | — | 5,000It's a big part of the company, 7 factories, 5,000 people there.Source: earnings call transcript | 5,000We've got 6 factories there, 5,000 people.Source: earnings call transcript | 5,000+We have more than 5,000 people there, 6 factories.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.