SQM is experiencing a powerful cyclical recovery, with Q2 2026 revenue surging 136.8% year-over-year and gross margins expanding to 51.1%, driven by a rebound in lithium prices and volumes. This operational leverage has unlocked robust free cash flow generatio...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth has accelerated to 136.8% year-over-year in Q2 2026, with gross margins expanding to 51.1% from a trough of 24.3% in Q2 2025, demonstrating powerful operating leverage from the low-cost brine extraction model.
SQM is highlighted as a potential undervalued lithium stock, indicating a strong position in the growing lithium market.
Analysts project a 12-month target range up to $221.91, implying significant upside potential from the current price.
SQM's trailing and forward P/E ratios of 16.97 and 20.45 suggest the stock is reasonably valued relative to earnings.
Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 19, 2026 | $2.31+13.8% vs $2.03 | $2.5B+10.3% vs $2.2B |
Q2 2026 May 26, 2026 | $1.28-17.4% vs $1.55 | $1.8B+3.9% vs $1.7B |
Q1 2026 Feb 27, 2026 | $0.64-14.7% vs $0.75 | $1.3B+5.6% vs $1.3B |
Q4 2025 Nov 19, 2025 | $0.63-9.4% vs $0.69 | $1.2B-4.4% vs $1.2B |
Sociedad Química y Minera de Chile S.A. remains rated Hold, with a $106 YE27 price target, reflecting flat long-term net income despite volume growth. Lithium carbonate equivalent prices are stabilizing near $20/kg, with energy storage demand rising, but volatility persists. The Codelco JV significantly reduces SQM's earnings power, making it a minority in core Chilean assets and capping EPS growth.
ALB and SQM are ramping capacity and expanding output as EV and storage demand accelerates.
Sociedad Quimica y Minera TodaySQMSociedad Quimica y Minera$77.48 +2.10 (+2.79%) As of 12:34 PM Eastern52-Week Range$40.58▼$98.00Dividend Yield3.42%P/E Ratio27.19Price Target$73.58Add to WatchlistSociedad Química y Minera de Chile NYSE: SQM delivered a blowout Q2 2026 earnings report. Revenue of $2.47 billion beat the consensus forecast of $2.24 billion by 10.3%.
Sociedad Química y Minera de Chile remains a core lithium holding, supported by robust Q2 results and a forward P/E of 11, offering attractive long-term value. Q2 earnings and revenues beat expectations, with profits of $1.12B and a 26.5% margin relative to revenues, demonstrating resilience at current lithium prices. Rising global EV adoption and increased commercial-scale battery storage are expected to drive sustained lithium demand and support SQM's growth trajectory.
Benchmark SQM against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Sociedad Química y Minera de Chile S.A. (SQM)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $69.08 | $19.73B | 33.53 | 0.89% | 12.85% | 8.86% | 0.02% | |
| $113.47 | $13.38B | -19.73 | -4.37% | 3.79% | 2.2% | — | |
| $2.90 | $647.51M | -5.69 | — | — | -6.16% | — | |
| $10.14 | $1.13B | -22.53 | -47.3% | -19.53% | -37.56% | — | |
| $24.37 | $7.75B | 14.34 | 8.36% | 0.36% | 0.35% | — | |
| $75.13 | $36.06B | 15.85 | 3.52% | 8.44% | 9.36% | — |
Sociedad Química y Minera de Chile S.A. (SQM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Sociedad Química y Minera de Chile S.A. (SQM) stock FAQ — growth, dividends, profitability & financials explained
Sociedad Química y Minera de Chile S.A. (SQM) reported $6.74B in revenue for fiscal year 2025. This represents a 1322% increase from $473.7M in 1996.
Sociedad Química y Minera de Chile S.A. (SQM) grew revenue by 0.9% over the past year. Growth has been modest.
Yes, Sociedad Química y Minera de Chile S.A. (SQM) is profitable, generating $1.39B in net income for fiscal year 2025 (12.9% net margin).
Sociedad Química y Minera de Chile S.A. (SQM) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.
Sociedad Química y Minera de Chile S.A. (SQM) has a return on equity (ROE) of 8.9%. This is below average, suggesting room for improvement.
Sociedad Química y Minera de Chile S.A. (SQM) generated $1.94B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
