| Venue: Stockholm Olympic Stadium. 23 competitors from 7 nations. |
| Final Monday, 15th July | Pts | Score | | 1. Paul Günther |  GeR | 6 | 79.23 | | 2. Hans Luber | GeR | 9 | 76.78 | | 3. Kurt Behrens | GeR | 22 | 73.73 | | 4. Albert Zürner | GeR | 23 | 73.33 | | 5. Robert Zimmerman |  CAN | 24 | 72.54 | | 6. Herbert Pott |  GBR | 28 | 71.45 | | 7. John Jansson |  SWE | 32 | 69.64 | | 8. George Gaidzik |  USA | 36 | 68.01 |
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The competition was actually held from both 3 metre and 1 metre boards.
Divers performed six compulsory dives - standing backward plain dive, standing forward dive with twist, standing inward piked dive with twist, standing reverse piked dive, standing reverse plain dive with twist (3 metre board) and a standing forward somersault piked dive (1 metre board) - two jury-drawn dives and four dives of the competitor's choice for a total of twelve dives.
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| | | Friday, 12th July. The two divers who scored the smallest number of points in each group of the first round plus the two best scoring non-qualified divers of all groups advanced to the final. Ordinal placings were used to rank divers within the group, but were not used to determine qualification. |
| Ranking | Pts | Score | | 1. Kurt Behrens | GeR | 6 | 80.14 | | 2. Paul Günther | GeR | 9 | 78.14 | | 3. Arthur McAleenan | USA | 15 | 68.02 | | 4. Ernst Brandsten | SWE | 20 | 65.02 | | 5. Sven Nylund | SWE | 28 | 62.60 | | 6. Eskil Brodd | SWE | 29 | 62.60 | | 7. Oskar Wetzell |  FIN | 33 | 58.70 |
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| Ranking | Pts | Score | | 1. John Jansson | SWE | 5 | 77.77 | | 2. Albert Zürner | GeR | 10 | 74.64 | | 3. Ernst Eklund | SWE | 16 | 53.02 | | 4. Carlo Bonfanti |  ITA | 19 | 46.81 |
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| Ranking | Pts | Score | | 1. Hans Luber | GeR | 6 | 77.50 | | 2. Robert Zimmerman | CAN | 11 | 76.60 | | 3. George Gaidzik | USA | 16 | 74.03 | | 4. Herbert Pott | GBR | 17 | 73.94 | | 5. Ernfrid Appelqvist | SWE | 25 | 62.61 | | 6. Axel Runström | SWE | 30 | 58.42 | | 7. Erik Tjäder | SWE | 35 | 53.56 |
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| Olympic Champions Men 3m Springboard | | 2016: | Cao Yuan |  CHN | | 2012: | Ilya Zakharov |  RUS | | 2008: | He Chong | CHN | | 2004: | Peng Bo | CHN | | 2000: | Xiong Ni | CHN | | 1996: | Xiong Ni | CHN | | 1992: | Mark Lenzi | USA | | 1988: | Greg Louganis | USA | | 1984: | Greg Louganis | USA | | 1980: | Aleksandr Portnov |  URS | | 1976: | Phil Boggs | USA | | 1972: | Vladimir Vasin | URS | | 1968: | Bernard Wrightson | USA | | 1964: | Kenneth Sitzberger | USA | | 1960: | Gary Tobian | USA | | 1956: | Bob Clotworthy | USA | | 1952: | David Browning | USA | | 1948: | Bruce Harlan | USA | | 1936: | Richard Degener | USA | | 1932: | Michael Galitzen | USA | | 1928: | Pete Desjardins | USA | | 1924: | Albert White | USA | | 1920: | Louis Kuehn | USA | | 1912: | Paul Günther |  GER | | 1908: | Albert Zürner | GER |
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