3M Announces Expanded Data Center Partnership With Amazon, Boosts Earnings Guidance
On October 20, 2026, shares of diversified industrial company 3M (NYSE: MMM) rose by over 5% following the announcement of an expanded partnership with Amazon. The deal involves deploying and scaling 3M's optical connectivity products in data centers, including a warrant for Amazon to purchase up to 3.2 million 3M shares tied to sales milestones. In addition to this strategic move into AI infrastructure, 3M raised its full-year adjusted earnings per share (EPS) guidance for the third consecutive quarter, projecting $9.10–$9.15 by year-end. The company also cited growth in thermal management solutions and fiber optic technologies as contributing factors. The stock's strong performance reflects investor confidence in 3M’s expansion into high-growth areas like data centers and AI infrastructure, supported by recent revenue acceleration and strategic acquisitions such as Madison Fire & Rescue.