SQM Reports Earnings for the Six Months Ended June 30, 2026
SQM (NYSE: SQM) reported strong results for the six months ended June 30, 2026, with revenues of US$4,228.5 million, up 103.4% from US$2,079.3 million a year earlier.
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Rhea-AI Summary
SQM (NYSE: SQM) reported strong results for the six months ended June 30, 2026, with revenues of US$4,228.5 million, up 103.4% from US$2,079.3 million a year earlier. Net income rose to US$1,024.7 million or US$3.59 per share, a 353.5% increase versus US$225.9 million or US$0.79 per share.
Gross profit reached US$2,038.6 million, representing 48.2% of revenues compared with 26.7% in the prior-year period. Second-quarter 2026 net income was US$660.0 million or US$2.31 per share, up 646.4% year-on-year. The company highlighted record lithium sales volumes above 84 thousand metric tons LCE, record iodine prices and quarterly revenue, and strong specialty plant nutrition volumes and prices.
During the first half of 2026, SQM and its subsidiaries accrued over US$1.6 billion in payments to the Chilean State. SQM will host a results conference call on August 19, 2026 at 12:00pm EDT.
Positive
- Revenues +103.4% to US$4,228.5m in H1 2026 vs. US$2,079.3m
- Net income +353.5% to US$1,024.7m; EPS US$3.59 in H1 2026
- Gross profit margin expansion to 48.2% from 26.7% year-on-year
- Q2 2026 net income US$660.0m; +646.4% vs. Q2 2025
- Lithium sales volumes record >84k metric tons LCE in Q2 2026
- Over US$1.6bn accrued payments to Chilean State in H1 2026
Negative
- None.
News Explained
The reported
Details
News Market Reaction – SQM
On Aug 19, the day this news came out, SQM closed 1.26% above the previous close. Our momentum scanner recorded 4 alerts in the available session data.
Data tracked by StockTitan Argus for the Aug 19 session.
Key Figures
- Six-month revenue
- US$4,228.5 million
- Six months ended June 30, 2026; up 103.4% year over year
- Six-month net income
- US$1,024.7 million
- Six months ended June 30, 2026; versus US$225.9 million prior year
- Six-month EPS
- US$3.59 per share
- Six months ended June 30, 2026; versus US$0.79 prior year
- Six-month gross profit
- US$2,038.6 million
- Six months ended June 30, 2026; 48.2% of revenues
- Second-quarter net income
- US$660.0 million
- Second quarter of 2026; versus US$88.4 million in Q2 2025
- Second-quarter EPS
- US$2.31 per share
- Second quarter of 2026; versus US$0.31 in Q2 2025
- Lithium sales volume
- Over 84 thousand metric tons LCE
- Record quarterly sales volume
- Payments accrued to Chilean State
- Over US$1.6 billion
- First half of 2026
Historical Context
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Revenue and net income increased, with higher lithium volume guidance.
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SQM returned to profitability, but the stock declined over the following 24 hours.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
lithium carbonate equivalent technical
joint venture financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
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| SQM will hold a conference call to discuss these results on Wednesday, August 19, 2026 at 12:00pm EDT (12:00pm Chile time). |
| Participant Call link: https://register-conf.media-server.com/register/BI3e9715a0ab7b4208a6ae898954f0797b |
| Webcast: https://edge.media-server.com/mmc/p/s7toz78m |
SANTIAGO, Chile, Aug. 19, 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 six months ended June 30, 2026, of US
Gross profit(1) reached US
The Company also announced net income for the second quarter of 2026 of US
SQM’s Chief Executive Officer, Ricardo Ramos, stated, “I am pleased to announce SQM’s second-quarter results. As we close the first half of the year and look ahead to the remainder of 2026, I am encouraged by the solid performance we have delivered across our main business lines.”
He added, “In lithium, we achieved record quarterly sales volumes of over 84 thousand metric tons of Lithium Carbonate Equivalent (LCE) from our lithium operations in Chile through Nova Andino Litioii and in Australia through Covalent Lithiumiii. As anticipated in our previous earnings report, prices increased during the second quarter, supported by stronger-than-expected market demand. We now expect global lithium demand to be over 2.1 million metric tons in 2026, further strengthening our confidence in the long-term fundamentals of the market.
To see full press release please visit: https://ir.sqm.com/
For media inquiries, contact:
Nova Andino Litio: Ignacia Lopez / ignacia.lopez@novandino.com
International Lithium Division: Gonzalo Colazo / gonzalo.colazo@sqm.com
Iodine & Plant Nutrition Division: Carolina Guzman / carolina.guzman@sqm.com
i Includes accrued corporate income taxes and mining taxes (part of which has already been paid), and payments related to the Corfo contracts such as the lease payment (paid quarterly), and other accrued payments to local governments (paid annually) in connection with said contracts. This amount also includes the dividend accrued to be paid to Codelco.
ii Nova Andino Litio (or Novandino) is the joint company between SQM and Codelco.
iii Covalent Lithium is a joint venture between SQM and Wesfarmers Limited.
FAQ
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