Sociedad Quimica y Minera de Chile S.A. Earnings Recaps
Q2 2026
Aug 21, 2026
SQM’s shares rose 5.3% following Q2 results driven by higher-than-expected lithium prices and record lithium sales volumes, which offset no meaningful change in overall cost guidance and solid performances in iodine and plant nutrition segments.
Key takeaways
- Lithium sales volumes reached a record 84,000 metric tons of lithium carbonate equivalent, supported by strong market demand.
- Lithium prices increased during Q2, with expectations for prices to remain stable in Q3 based on indexed contracts.
- Novandino Litio projects 280,000–290,000 metric tons of lithium carbonate equivalent production in 2026, aiming for 300,000 metric tons capacity by 2027.
- Iodine production is ramping up with four operations now active; total output expected to hit approximately 15,500 metric tons in 2026.
- Specialty plant nutrition sales volumes projected to grow by roughly 10% year-over-year, benefiting from supply constraints that are expected to ease later in the year.
Q3 2025
Nov 20, 2025
SQM reported a strong third quarter for 2025, highlighted by record lithium sales volumes and improved pricing, driven by robust demand in the electric vehicle and energy storage sectors.
Key takeaways
- Achieved highest lithium sales volumes in company history, supported by operational efficiencies at Atacama.
- Average realized lithium prices increased amid favorable market conditions; robust demand growth anticipated to continue.
- Iodine prices remained high, with revenues up 5% year-on-year, supported by ongoing construction of the seawater pipeline.
- Planned capital expenditure of $2.7 billion for 2025-2027 to focus on production capacity expansion and sustainability initiatives.
- Joint venture approval with Codelco received from China, with expectations to advance before year-end.