3M gives Amazon warrant tied to $6 billion in data center sales

3M has expanded its supply relationship with Amazon for optical connectivity and other data center products, issuing an Amazon subsidiary a warrant for up to 3,162,015 shares that vests in full on the main tranche once Amazon's payments reach $6 billion.

Why it matters: The warrant ties 3M's equity to how much Amazon actually buys, making the $6 billion a payment threshold to clear over time rather than a purchase commitment, and it puts a century-old industrial supplier inside the data center buildout on performance terms.

Data as of Investing.com report of October 19, 2026, read in full in the live browser, reporting the terms of a securities filing; the same terms are in TradingView's summary of 3M's Form 8-K of October 19, 2026. The 8-K itself was not opened in this run. The $6 billion is the cumulative payment level at which the main warrant tranche fully vests, not an announced purchase commitment. Developing item.

3M said on Monday it has expanded its strategic commercial relationship with Amazon, supplying optical connectivity and other data center products, and issued a warrant to an Amazon subsidiary to buy up to 3,162,015 shares of 3M common stock at $164.89 per share over seven years. The subsidiary is not named in the reporting.

Most of the warrant pays for volume. Eighty-five percent of the shares vest against Amazon’s cumulative payments for data center products, and that portion vests in full once payments reach $6 billion; the rest vest on event-based milestones that the filing does not specify. 3M shares rose 3 percent in after-hours trading after the announcement.

3M gives Amazon warrant tied to $6 billion in data center sales

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