SQM First-Quarter 2026 Profit Soars on Lithium, Raises Sales Guidance
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Sociedad Quimica Y Minera SA ( (SQM) ) has provided an announcement.
Sociedad Química y Minera de Chile (SQM) reported that in the first quarter ended March 31, 2026, revenues surged 69.8% year-on-year to US$1,760.1 million, while net income jumped 165.2% to US$364.7 million, driven mainly by lithium. Lithium and derivatives revenues more than doubled to US$1,185.5 million on sales of about 69,000 metric tons of LCE, prompting management to raise full-year lithium sales volume guidance from 10% to 15% growth and lift guidance for specialty plant nutrition volumes to around 10% growth.
The company highlighted strong performance from the Nova Andino Litio partnership with CODELCO in its first full quarter, with the venture operating at full capacity and generating over US$530 million in contributions to the Chilean state, underscoring SQM’s strategic role in Chile’s lithium value chain. SQM is preparing to start environmental permitting for its Salar Futuro lithium project and progressing an iodine seawater pipeline set to start in the second half of 2026, while reinforcing its sustainability and governance credentials through maintaining IRMA level 75 at Salar de Atacama and initiating ISO 37301 compliance certification.
The most recent analyst rating on (SQM) stock is a Buy with a $100.00 price target. To see the full list of analyst forecasts on Sociedad Quimica Y Minera SA stock, see the SQM Stock Forecast page.
Spark’s Take on SQM Stock
According to Spark, TipRanks’ AI Analyst, SQM is a Neutral.
The score is driven primarily by improving 2025 fundamentals but with pronounced cyclicality and mixed cash-flow quality, alongside constructive 2026 guidance on volumes/pricing tempered by execution delays and lithium price volatility. Technically, the uptrend is strong but momentum is overbought, and valuation is mixed with a high P/E partly offset by a very high dividend yield.
To see Spark’s full report on SQM stock, click here.
More about Sociedad Quimica Y Minera SA
Sociedad Química y Minera de Chile (SQM) is a Chilean chemical and mining company focused on lithium, iodine and specialty plant nutrition products, serving global battery, industrial and agricultural markets. Through its partnership Nova Andino Litio with state-owned miner CODELCO, SQM is a key player in lithium production from Chile’s Salar de Atacama, supplying fast-growing electric-vehicle and energy-storage demand.
Average Trading Volume: 1,256,162
Technical Sentiment Signal: Strong Buy
Current Market Cap: $22.15B
For an in-depth examination of SQM stock, go to TipRanks’ Overview page.
