How often does 3M move more than the options market prices?

5 of the last 8 reports moved at least as far as the implied move.

MMMNYSESurgical & Medical Instruments & Apparatus

3M Co (MMM) earnings date, market-implied expected move, and options open interest by expiry

174.35

−3.01 · −1.70%

post 174.30 −0.03%

Closed19:41 ET

Open177.84Volume3.0MMkt cap$90.1BP/E25.56EPS6.82Div yield1.76%

Day173.64 – 178.6913%52-wk138.02 – 184.0979%

MMM

3M Co

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Expected move

Inputs

Next report

Jan 19

before open · in 80 days

est.Q4 FY26

Calendar

Next report

Last report

+5.78%

vs ±4.8% implied · ×1.19

shaded = implied · ▲▼ = realized

Oct 20 '26 · confirmed

Implied vs realized

Linked news

5dNEOG · customerNeogen shareholders approve amended and restated omnibus incentive plan
101dSOLV · customerSOLV Energy to Report Second Quarter 2026 Financial Results on August 13, 2026

News

Largest filed tie

13F top-10 QoQ

+1.06%

shares held · 10 largest managers

13F · Jun 30 '26124d lag

2,243 managers

Top fund weight

2.00%

MMM weight · DIA

N-PORTJul 31 '26

12 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

3M (MMM) is expected to report on Jan 19 before open (estimated date).

Implied vs realized

8 reports

5 of 8≥ implied

avg implied: ±5.1%
avg realized: ±5.7%

Jan 21 '25Jan 21 '25confirmed±5.3%▲+4.16%×0.79

Apr 22 '25Apr 22 '25confirmed±6.2%▲+8.12%×1.31

Jul 18 '25Jul 18 '25confirmed±3.7%▼−3.65%×0.99

Oct 21 '25Oct 21 '25confirmed±4.9%▲+7.66%×1.56

Jan 20 '26Jan 20 '26confirmed±4.9%▼−6.96%×1.41

Q1 FY26Apr 21 '26confirmed±6.0%▼−1.94%×0.32

Q2 FY26Jul 21 '26confirmed±4.8%▲+7.32%×1.53

Q3 FY26Oct 20 '26confirmed±4.8%▲+5.78%×1.19

quarterimplied−10%0+10%realized×

Q3 FY26±4.8%▲+5.78%×1.19

Q2 FY26±4.8%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 9 expiries · Oct 28 close

0.85OI · 9 expiries · Oct 28 closeP/C open interest · Mar 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

5 nearer expiries

2,863+205%Nov 66d5.23547+24%5.23

745+43%Nov 1313d0.721,040+59%0.72

4,540+6%Nov 2020d0.2617,767−7%0.26

42+11%Nov 2727d0.6070+19%0.60

17+1600%Dec 434d0.16108+1700%0.16

6,985+5%Dec 1848d0.5013,963+20%0.50

14,686+2%Jan 1576d0.9515,440+1%0.95

report · Jan 19 · before open · est.

ExpiryPutsCallsP/C

5 nearer expiries

Nov 66d2,863+205%547+24%5.23

Nov 1313d745+43%1,040+59%0.72

Nov 2020d4,540+6%17,767

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

No implied move.

Linked exposure

Revenue flow

as filedQ3 FY26

21.42%as filednet margin · revenue +1.29% QoQ · +1.03% YoY

Revenue

$6.6B+1.29% QoQ

Gross profit

$2.8B+3.73% QoQ

42.27% margin

Operating income

$1.6B+58.33% QoQ

23.66% margin

Pre-tax income

$1.7B+49.11% QoQ

Net income

$1.4B+50.32% QoQ

21.42% margin

Cost of revenue

$3.8B−0.42% QoQ

Operating expenses

$1.2B−27.90% QoQ

SG&A $921M

R&D $304M

Tax

$261M+42.62% QoQ

Other income

$112M−17.65% QoQ

Revenue$6.6B+1.29%

Gross profit

$2.8B+3.73%

42.27% margin

Operating income

$1.6B+58.33%

23.66% margin

Pre-tax income

$1.7B+49.11%

Net income

$1.4B+50.32%

21.42% margin

Cost of revenue

$3.8B−0.42%

Operating expenses

$1.2B−27.90%

SG&A $921M

R&D $304M

Other income$112M−17.65%

Tax$261M+42.62%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Sep 30 '26 · width = $

Revenue flow

Intraday

15m bars

Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 19:30 ET

Intraday

Event sensitivity

GDP ×1.30· ±1.6% vs ±1.2% · 20 releases

eventrelease day|move|up · n×base

GDPgross domestic product±1.6%14 of 20×1.30

PCEpersonal income & outlays±1.5%11 of 20×1.23

CPROFcorporate profits±1.4%8 of 12×1.15

FOMCrate decision±1.2%10 of 25×1.03

PPIproducer prices±1.2%5 of 11×1.03

NFPjobs report±0.7%4 of 10×0.57

CPIconsumer prices±0.6%5 of 11×0.47

Bar = avg |move| to ±2% · tick = ±1.2% avg day · ×base = |move| ÷ ±1.2% · min 6 releases

Earnings history

EPS 2.63 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 20 '26 · confirmed	2.63	—
Q2 FY26	Jul 21 '26 · confirmed	1.78	—
Q1 FY26	Apr 21 '26 · confirmed	1.23	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod