3M raises 2025 adjusted EPS guidance to $7.75-$8.00 as Q2 GAAP EPS falls 38%
3M reported second-quarter 2025 GAAP sales of $6.3 billion, up 1.4%, and GAAP EPS of $1.34, down 38% from a year earlier. Adjusted EPS rose 12% to $2.16, and the company raised its full-year 2025 adjusted EPS guidance to $7.75 to $8.00 from $7.60 to $7.90. The GAAP decline reflects $0.79 per share in net costs for significant litigation, so shareholders will need to weigh the higher adjusted outlook against those charges.
Key points
- Q2 GAAP sales of $6.3 billion, up 1.4%; GAAP operating margin of 18.0%, down 230 basis points
- Q2 GAAP EPS of $1.34 versus $2.17 a year earlier; adjusted EPS of $2.16, up 12%
- Operating cash flow of $(1.0) billion, driven by $2.2 billion in net after-tax payments for litigation costs
- 2025 adjusted EPS guidance raised to $7.75-$8.00, including the expected impact of tariffs
The filing
Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 18, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.