CHEMICAL & MINING CO OF CHILE INC (SQM) Form 6-K — May 26, 2026
SQM reported a robust first quarter of 2026, with net income surging 165% year-over-year to $364.7 million ($1.28 per share) and revenues rising 70% to $1.76 billion. The strong performance was driven by higher sales volumes and prices across its key segments, particularly lithium and specialty plant nutrition. In lithium, SQM sold approximately 69,000 metric tons of LCE, benefiting from strong demand in the battery energy storage system (BESS) market and a tight supply-demand balance. The company upgraded its full-year lithium sales volume guidance from 10% to 15% growth, citing global demand estimates exceeding 1.9 million metric tons of LCE.
Key figures
- Eps
- 1.28
- Net Income
- 364.7
- Revenue Yoy
- 69.8%
- Gross Profit
- 778.6
- Adjusted Ebitda
- 837
- Spn Revenue
- 239
- Iodine Revenue
- 275.9
- Potassium Revenue
- 34.4
- Lithium Avg Price Per Kg
- 17.8
- Lithium Sales Volume LCE
- 69000
- Industrial Chemicals Revenue
- 18.9
- Global Lithium Demand Estimate
- 1.9 million metric tons LCE
AI analysis
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