Sociedad Quimica y Minera de Chile (SQM) reported strong Q1 2026 earnings, with revenue surpassing expectations despite an EPS miss. EPS came in at $1.28, below the $1.37 forecast, while revenue reached $1.76 billion, exceeding the $1.65 billion estimate.
Stock rose 4.85% in premarket trading to $80.7, driven by robust sales across key commodity segments. Elevated prices in lithium, specialty plant nutrition, and iodine bolstered performance.
The Novandino Lithium joint venture contributed over $530 million to the Chilean state. SQM raised its full-year lithium sales volume guidance by 15%, anticipating stronger demand and pricing.
Executives highlighted cost control measures and capital allocation priorities, including potential interim dividends. The company remains optimistic about market conditions across its business lines.
