Zacks Investment Research·Oct 6, 2026
These 2 Basic Materials Stocks Could Beat Earnings: Why They Should Be on Your RadarFinding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
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.
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 11/8/2026, 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 |
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
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%.
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 |
|---|---|---|---|---|---|---|---|
| $57.52 | $16.43B | 11.83 | 0.89% | 20.61% | 18.25% | 0.03% | |
| $99.25 | $11.71B | 17.26 | -4.37% | 11.08% | 6.61% | 1.63% | |
| $1.93 | $430.93M | -4.84 | — | — | -6.16% | — | |
| $5.82 | $648.37M | -23.48 | -49.44% | -19.53% | -37.56% | — | |
| $22.36 | $7.11B | -16.14 | 8.36% | -3.82% | -3.72% | 3.93% | |
| $71.48 | $34.31B | 15.50 | 3.52% | 7.78% | 8.6% | 3.1% |
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 over the trailing twelve months. Revenue was $4.57B in fiscal year 2025. That is 865% more than the $473.7M of fiscal year 1996.
Sociedad Química y Minera de Chile S.A. (SQM) grew revenue by 59.3% over the trailing twelve months, compared with the twelve months before.
Yes. Sociedad Química y Minera de Chile S.A. (SQM) earned $1.39B in net income over the trailing twelve months (a 20.6% net margin).
Sociedad Química y Minera de Chile S.A. (SQM) does not currently pay a meaningful dividend.
Sociedad Química y Minera de Chile S.A. (SQM) had a return on equity (ROE) of 18.2% over the trailing twelve months. That is above the market's typical 10-15%.
Sociedad Química y Minera de Chile S.A. (SQM) generated $1.94B in free cash flow over the trailing twelve months.
