MMM 3M Company (MMM) Q2 FY26 earnings call
3M delivered a strong second quarter, driven by accelerating commercial excellence and innovation initiatives, leading to organic growth significantly above macro trends. The company raised its full-year guidance across key financial metrics, reflecting confidence in its strategic transformation from a holding company to an integrated operating model. While facing headwinds in consumer electronics and auto markets, 3M is leveraging new product introductions and operational discipline to drive sustainable margin expansion and shareholder returns.
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MMM operating KPIs by quarter
| KPI | Mar 2025 Q1 FY25 | Jun 2025 Q2 FY25 | Dec 2025 Q4 FY25 | This call 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.