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3M has lifted its full-year profit forecast after a stronger quarter, with demand linked to AI infrastructure, data centers and semiconductor equipment helping support the company’s outlook.
The company reported adjusted Q3 revenue of $6.6 billion and adjusted earnings of $2.50 per share, while also raising its full-year EPS forecast to $9.10-$9.15.
📍 The important part for markets is that AI demand is spreading beyond chipmakers and cloud companies. Industrial suppliers like 3M are also starting to benefit from the infrastructure buildout behind AI.
AI demand is becoming an industrial story, not just a tech story.
The company reported adjusted Q3 revenue of $6.6 billion and adjusted earnings of $2.50 per share, while also raising its full-year EPS forecast to $9.10-$9.15.
📍 The important part for markets is that AI demand is spreading beyond chipmakers and cloud companies. Industrial suppliers like 3M are also starting to benefit from the infrastructure buildout behind AI.
AI demand is becoming an industrial story, not just a tech story.
