CLAIM #42776 · 3M Company (MMM) · 2026Q2 earnings call · Jul 21, 2026 · due Dec 31, 2026
“You know, we do expect good momentum going into the back half of the year.”
William Brown · CEO
How to check this claim
Look at: Organic revenue growth rate, back half of fiscal year (Q3+Q4)
It came true if: Back half organic growth rate higher than back half of prior year / consistent with 'good momentum' framing (growth > 0%, and sequentially improving vs first half comparisons cited)
Where: Company quarterly earnings release / income statement (Q3 and Q4 reports)
In context
“orating, production volume of devices, PCs, tablets in the back half of the year. Expected to be down high-teens, is lower than it was in the first half. So that is a watch area. Auto is stabilizing In General For Us, But it is Still Expected To Be Down On The Build Rate Year Over Year In The Back Half. The Auto Aftermarket business, we think, was Going To Be Soft, Repair Claims Is Still Expected To Be Down In The Back Half Of The Year and Look, The U. S. Consumer remains cautious. As I just commented, we do expect flat to up growth in consumer in the back half, but the consumer remains cautious and value focused. So those are the things that we are more cautious about. But at the end of the day, we had anticipated being above 3 in Q3. We came in above Q2 rather, we came in above about 5. You know, we do expect good momentum going into the back half of the year. Great. Thanks so much for the color. Anurag Maheshwari: And as a follow-up, I just wondering if you could give some a little bit more color on what drove the strength in margins this quarter? Is it mix? Price cost or productivity? You are pretty much at your 2027 margin target right now in the second quarter. So kind of when should we kind of expect to hear about updated targets? Okay. Hey. Thanks for the question. So we finished the quarter at 24.9% margin, which is the highest we have ever been. And, you know, this was 40 basis points higher than we thought where we would be. Large part of it was the volume performance relative to the 3% that came in over 5%. But it was also continuation on the productivity side as a combination of both G&A and on supply chain, which had actually very g”
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SEC filings for MMM ↗ · Claim quote is verbatim from the 2026Q2 earnings call.