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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Scott Davis | Melius Research | 16 questions · 6% challenging |
| Jeff Sprague | Vertical Research Partners | 14 questions · 14% challenging |
| Amit Mehrotra | UBS | 14 questions · 7% challenging |
| Nicole DeBlase | Deutsche Bank | 14 questions · 0% challenging |
| Andy Kaplowitz | Citigroup | 14 questions · 7% challenging |
| Nigel Coe | Wolfe Research | 13 questions · 23% challenging |
| Julian Mitchell | Barclays | 12 questions · 17% challenging |
| Andrew Obin | Bank of America | 12 questions · 25% challenging |
| Joe O'Dea | Wells Fargo | 11 questions · 0% challenging |
| Steve Tusa | JPMorgan | 10 questions · 50% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| JPMorgan | 3 analysts | 16 questions · 44% challenging |
| Vertical Research Partners | 2 analysts | 16 questions · 13% challenging |
| Citigroup | 2 analysts | 16 questions · 6% challenging |
| Melius Research | 1 analyst | 16 questions · 6% challenging |
| UBS | 1 analyst | 14 questions · 7% challenging |
| Deutsche Bank | 1 analyst | 14 questions · 0% challenging |
| Wolfe Research | 1 analyst | 13 questions · 23% challenging |
| Wells Fargo | 2 analysts | 13 questions · 0% challenging |
$3M delivered a light start to FY2026 with organic sales growth of 1.2%, held back by soft U.S. consumer discretionary demand and weakness in consumer electronics and automotive, even as roughly 60% of the portfolio showed relative strength. Adjusted EPS rose mid-teens to $2.14, up $0.26 or 14% year-over-year, and operating margin expanded 30 basis points to 23.8% as broad-based productivity more than offset approximately $145 million of tariff impact, stranded costs and investments. Orders grew slightly over 10% with backlog up double digits, giving management confidence in accelerating growth through the balance of the year, while new product introductions climbed 35% to 84 launches and the EBO data-center connector won hyperscaler validation against a $1 billion-plus addressable market. Management reiterated full-year guidance of approximately 3% organic growth, EPS of $8.50 to $8.70, and free cash flow conversion above 100%, and returned $2.4 billion to shareholders, bringing cumulative returns to over $7 billion of a $10 billion commitment.
Margin | Demand | Revenue Growth | Guidance Reliability | Cost Pressure | Competitive Dynamics | Pricing | Innovation & R&D | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 8 | 3 | 3 | 4 | 5 | 1 | 2 | 2 |
| 2025Q1 | 4 | 5 | 1 | 3 | 3 | 2 | 1 | 1 |
| 2025Q2 | 7 | 6 | 5 | 4 | 3 | 2 | 3 | 3 |
| 2025Q3 | 7 | 3 | 4 | 3 | 1 | 2 | 2 | 3 |
| 2025Q4 | 5 | 7 | 4 | 1 | 1 | 2 | 2 | 2 |
| 2026Q1 | 3 | 8 | 3 | 3 | 3 | 4 | 4 | 1 |
| 2026Q2 | 6 | 5 | 5 | 3 | 3 | 3 | 1 | 3 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | |
|---|---|---|---|---|---|---|---|
| Margin | 8 | 4 | 7 | 7 | 5 | 3 | 6 |
| Demand | 3 | 5 | 6 | 3 | 7 | 8 | 5 |
| Revenue Growth | 3 | 1 | 5 | 4 | 4 | 3 | 5 |
| Guidance Reliability | 4 | 3 | 4 | 3 | 1 | 3 | 3 |
| Cost Pressure | 5 | 3 | 3 | 1 | 1 | 3 | 3 |
| Competitive Dynamics | 1 | 2 | 2 | 2 | 2 | 4 | 3 |
| Pricing | 2 | 1 | 3 | 2 | 2 | 4 | 1 |
| Innovation & R&D | 2 | 1 | 3 | 3 | 2 | 1 | 3 |
What MMM said about other companies on its FY2026 Q1 call, and what other companies said about MMM on their calls covering the same calendar quarter (Q1 2026). Each company's own fiscal quarter is shown next to its name. Extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Our separation from 3M continues to progress; we have exited approximately 50% of the transition service agreements and are on pace to exit over 90% by the end of 2026.”
Solventum continues unwinding its operational separation from former parent 3M, having exited ~50% of transition service agreements with a target of over 90% by end of 2026.
“Corporate was a 30 basis point headwind from planned wind down of Solventum transition services agreements.”
3M cited a corporate margin headwind from the planned wind-down of transition services agreements with spun-off Solventum.
“Bain Capital is our partner on this. They're 49%.”
3M structured the Madison/Scott Safety fire business as a JV with Bain Capital holding 49%, leveraging Bain's post-merger integration expertise.
“last month, we announced the acquisition of Madison Fire & Rescue, which will be combined with our Scott Safety business to create a leading global fire and safety business.”
3M announced the acquisition of Madison Fire & Rescue to combine with Scott Safety into an ~$800M global fire and safety business.
Calendar quarter Q1 2026Earnings call Apr 21, 2026
FY2026 Q1 in brief
$3M delivered a light start to FY2026 with organic sales growth of 1.2%, held back by soft U.S. consumer discretionary demand and weakness in consumer electronics and automotive, even as roughly 60% of the portfolio showed relative strength.
Newest quarter FY2026 Q3 is part of Pro · see what Pro adds →
Sources. Tellvest earnings-call sentiment score for 3M Company (MMM), FY2026 Q1: 6/10. Scores: 3M Company’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: MMM daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $6.01B | +0.1% | $1.33 | -21.8% | 18.1% | 12.1% | $1.53B |
| FY2025 Q1 | $5.95B | -1.0% | $2.04 | +22.2% | 20.9% | 18.7% | $-315M |
| FY2025 Q2 | $6.34B | +1.4% | $1.34 | -35.3% | 18.0% | 11.4% | $-1.16B |
| FY2025 Q3 | $6.52B | +3.5% | $1.55 | -37.5% | 22.2% | 12.8% | $1.54B |
| FY2025 Q4 | $6.13B | +2.0% | $1.07 | -19.5% | 13.0% | 9.4% | $1.33B |
| FY2026 Q1Selected | $6.03B | +1.3% | $1.23 | -39.7% | 23.2% | 10.8% | $349M |
| FY2026 Q2 | $6.50B | +2.5% | $1.78 | +32.8% | 15.1% | 14.4% | $763M |
| FY2026 Q3 | $6.58B | +1.0% | $2.63 | +69.7% | 23.7% | 20.9% | $230M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
GAAP revenue YoY +1.28% → base 5. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
| Company | Score | Trend | Rev YoY | Headline |
|---|---|---|---|---|
| MMM3M Company | 6 | +1.3% | 3M delivered a light start to FY2026 with organic sales growth of 1.2%, held back by soft U.S | |
| HONHoneywell International Inc. | 5 | -6.9% | Aerospace Spinoff on Track for June 29 Completion |
3M delivered a light start to FY2026 with organic sales growth of 1.2%, held back by soft U.S
Aerospace Spinoff on Track for June 29 Completion
| Company | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 |
|---|---|---|---|---|---|---|
| MMM | 6 | 4 | 7 | 8 | 7 | 6 |
| HON | 7 | 7 | 8 | 7 | 5 | 5 |