Sociedad Química y Minera de Chile

SQM

Market cap $23.1B

Sociedad Química y Minera de Chile S.A. (SQM) Q1 2026 Earnings Call Transcript

Sociedad Química y Minera de Chile posted mixed Q1 results, with revenues beating estimates, while revenues were a sizable miss. The bigger story is the dramatic Y-O-Y rise in revenues and earnings, with long-term fundamentals suggesting that positive financial momentum is likely to continue. I initiated a stock position in SQM, with an intent to buy more on further dips, as a broader strategy to build a core lithium position in my portfolio.

Sociedad Quimica y Minera NYSE: SQM reported a strong first quarter of 2026, with management citing higher lithium volumes, favorable pricing trends across several businesses and the first full quarter of operations for its Novandino Lithium partnership with Codelco.

SANTIAGO, Chile, May 26, 2026 (GLOBE NEWSWIRE) -- Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) reported today net income for the three months ended March 31, 2026 , of US$364.7 million or US$1.28 per share, an increase of 165.2% compared to US$137.5 million or US$0.48 per share reported for the same period last year.

Sociedad Quimica y Minera de Chile, or SQM, is one of the major lithium stocks with ties to a global scramble to secure reserves.

Sociedad Química y Minera de Chile SA is poised for significant growth in its first-quarter 2026 earnings, as a rebound in lithium prices lifts profitability after three difficult years for the battery materials sector. Visible Alpha consensus estimates point to SQM's Q1 revenue rising 62% year-on-year to $1.7 billion, driven by a recovery in the company's lithium business, which remains the dominant earnings engine for the Chilean producer. Consensus estimates forecast full-year revenue rising 58% to $7.3 billion, accelerating sharply from roughly 1% growth last year.

Does SQM (SQM) have what it takes to be a top stock pick for momentum investors? Let's find out.

Copper sits at ~$12-13k per metric ton as of March, hovering near the top of its 12-month range after a January peak of $12,986.61.

ALB and SQM are riding a lithium price rebound, ramping capacity and expanding output as EV and storage demand accelerates.

This chemical stock is nearing a buy point in a consolidation. The company's profit is expected to jump 184% in 2026.