Highlights SQM reported total revenues for the six months ended June 30, 2026 of US$4,228.5 million compared to total revenues of US$2,079.3 million for the same period last year.  Net income for the six months ended

SQM Reports Earnings for the Six Months Ended June 30, 2026

SQM posts record 1H26 earnings on lithium and iodine strength

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Highlights SQM reported total revenues for the six months ended June 30, 2026 of US$4,228.5 million compared to total revenues of US$2,079.3 million for the same period last year.  Net income for the six months ended</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>SQM reported strong first-half 2026 results with revenue up 103% to $4.23B and net income up 353% to $1.02B, driven by record lithium volumes (&gt;84k LCE) and higher iodine pricing. The company notes over $1.6B in payments to the Chilean state and remains optimistic on lithium demand, supporting earnings visibility through 2026 and beyond.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>1H26 revenue $4,228.5M, up 103.4% YoY.</li><li>1H26 net income $1,024.7M, $3.59/sh, up 353.5%.</li><li>Lithium volumes record &gt;84k LCE in Q2.</li><li>Payments to Chilean state &gt;$1.6B in 1H26.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Nova Andino Litio (N/A)</strong>: Joint SQM-Codelco lithium venture; expands Chilean lithium capacity.</li><li><strong>Covalent Lithium (N/A)</strong>: Joint venture between SQM and Wesfarmers; capacity and supply dynamics.</li><li><strong>Wesfarmers Limited (WES.AX)</strong>: Partner in Covalent Lithium; potential stock impact tied to JV performance.</li></ul>
  </section>

  <section data-block="category">
    <h3>Earnings</h3>
    <p>Category: Earnings. The release centers on 1H26 results, segment strengths (lithium, iodine, plant nutrition), and earnings drivers, with long-term lithium demand support.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Lithium volumes hit a record &gt;84k LCE in Q2, supporting margins.</li><li>Global lithium demand 2026 expected to exceed 2.1M metric tons.</li><li>Chile state payments exceed $1.6B in 1H26, impacting cash tax profile.</li><li>JV momentum with Codelco and Wesfarmers adds earnings optionality.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Revenue 1H26: $4,228.5M, up 103.4% YoY.</li><li>Net income 1H26: $1,024.7M, $3.59/sh, up 353.5%.</li><li>Q2 2026 net income: $660.0M, $2.31/sh, up 646.4%.</li><li>Lithium volumes: record &gt;84k LCE in Q2.</li><li>Payments to Chilean state 1H26: &gt;$1.6B.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term upside for SQM on robust lithium demand, record volumes, and JV momentum; 1–3 month horizon.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><table style="border-collapse: collapse; width:100%; border-collapse:collapse ;"><tr><td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; "><strong><u>Highlights</u></strong><br></br></td></tr><tr><td style="border-right: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; "> <ul type="disc"><li style="margin-top:3.25pt; margin-bottom:1pt; text-align:justify;">SQM reported total revenues for the six months ended June 30, 2026 of US$4,228.5 million compared to total revenues of US$2,079.3 million for the same period last year.</li></ul> </td></tr><tr><td style="border-right: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; "> <ul type="disc"><li style="margin-top:3.75pt; margin-bottom:1.5pt; text-align:justify;">Net income for the six months ended June 30, 2026 of US$1,024.7 million or US$3.59 per share, compared to US$225.9 million or US$0.79 per share for the same period last year.</li></ul> </td></tr><tr><td style="border-right: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; "> <ul type="disc"><li style="margin-top:3.25pt; margin-bottom:1pt; text-align:justify;">In lithium: record-high quarterly sales volumes surpassing 84 thousand metric tons of Lithium Carbonate Equivalent (LCE).</li></ul> </td></tr><tr><td style="border-right: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; "> <ul type="disc"><li style="margin-top:3.25pt; margin-bottom:1pt; text-align:justify;">In Iodine: record-high sales price and record quarterly revenue.</li></ul> </td></tr><tr><td style="border-right: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; "> <ul type="disc"><li style="margin-top:3.25pt; margin-bottom:1pt; text-align:justify;">In Specialty Plant Nutrition: strong sales volumes and solid sales price.</li></ul> </td></tr><tr><td style="border-right: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; "> <ul type="disc"><li style="margin-top:3.25pt; margin-bottom:1pt; text-align:justify;">During the first half of 2026, SQM and its subsidiaries accrued over US$1.6 billion in payments to the Chilean State.<sup>i</sup></li></ul> </td></tr><tr><td style="border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: bottom ; "> </td></tr><tr><td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-left: solid black 1pt ; text-align: justify ;  vertical-align: middle; vertical-align: top ; ">SQM will hold a conference call to discuss these results on Wednesday, August 19, 2026 at 12:00pm EDT (12:00pm Chile time).</td></tr><tr><td style="border-right: solid black 1pt ; border-left: solid black 1pt ; vertical-align: bottom ; ">Participant Call link: <a href="https://register-conf.media-server.com/register/BI3e9715a0ab7b4208a6ae898954f0797b" rel="nofollow" target="_blank">https://register-conf.media-server.com/register/BI3e9715a0ab7b4208a6ae898954f0797b</a></td></tr><tr><td style="border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: bottom ; ">Webcast: <a href="https://edge.media-server.com/mmc/p/s7toz78m/" rel="nofollow" target="_blank">https://edge.media-server.com/mmc/p/s7toz78m</a></td></tr><tr><td> </td></tr></table> <p align="justify">SANTIAGO, Chile, Aug.  19, 2026  (GLOBE NEWSWIRE) -- Sociedad Química y Minera de Chile S.A. (SQM) (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/SQM">SQM</a>, Santiago Stock Exchange: SQM-B, SQM-A)) reported today <strong>net income for the </strong><strong>six</strong><strong> months ended </strong><strong>June 30, 2026</strong><strong>, </strong>of US$1,024.7 million or US$3.59 per share, an increase of 353.5% compared to US$225.9 million or US$0.79 per share reported for the same period last year.</p>  <p align="justify"><strong>Gross profit</strong><sup><strong>(1)</strong></sup> reached US$2,038.6 million (48.2% of revenues) for the six months ended June 30, 2026, 267.2% higher than US$555.2 million (26.7% of revenues) recorded for the six months ended June 30, 2025. <strong>Revenues</strong> totaled US$4,228.5 million for the six months ended June 30, 2026, representing an increase of 103.4% compared to US$2,079.3 million reported for the six months ended June 30, 2025.</p>  <p align="justify">The Company also announced net income for the second quarter of 2026 of US$660.0 million or US$2.31 per share, an increase of 646.4% compared to US$88.4 million or US$0.31 per share for the second quarter of 2025. Gross profit for the second quarter of 2026 reached US$1,260.0 million, 398.1% higher than the US$253.0 million reported for the second quarter of 2025. Revenues totaled US$2,468.4 million for the second quarter of 2025, an increase of 136.7% compared to US$1,042.7 million for the second quarter of 2025.</p>  <p align="justify">SQM’s Chief Executive Officer, Ricardo Ramos, stated, "I am pleased to announce SQM’s second-quarter results. As we close the first half of the year and look ahead to the remainder of 2026, I am encouraged by the solid performance we have delivered across our main business lines."</p>  <p align="justify">He added, "In lithium, we achieved record quarterly sales volumes of over 84 thousand metric tons of Lithium Carbonate Equivalent (LCE) from our lithium operations in Chile through Nova Andino Litio<sup>ii</sup> and in Australia through Covalent Lithium<sup>iii</sup>. As anticipated in our previous earnings report, prices increased during the second quarter, supported by stronger-than-expected market demand. We now expect global lithium demand to be over 2.1 million metric tons in 2026, further strengthening our confidence in the long-term fundamentals of the market.</p>  <p>To see full press release please visit: <a href="https://www.globenewswire.com/Tracker?data=Cj6cxOb5UqlUmws5qi9GW847E5N9CsDK8Ie5p7f-ogUbulIBhOReTAKqOqh-dSY-IwLa9Sse1VvF1etdV6rv0npAxhWrsoe6M3F5UeIrhZ8=" rel="nofollow" target="_blank">https://ir.sqm.com/</a></p>  <p>For media inquiries, contact:</p>  <p>Nova Andino Litio: Ignacia Lopez / <a href="https://www.globenewswire.com/Tracker?data=SqexZKfxn64UvGGsbRgRftnI-kWYrNG57NdTF7kKZSN0Ffh1AmesLtCkKq9G8ChgxtOM_M5aHNFrhmbfW0t_7xmZr2Yz5fpJxG8KST3qsTJ03f6FjENMD6haBCTbgW62" rel="nofollow" target="_blank">ignacia.lopez@novandino.com</a> <br></br>International Lithium Division: Gonzalo Colazo / <a href="https://www.globenewswire.com/Tracker?data=B9_V3rMWLdHfKV8ZnG-nHz_lK4V9sYZgCwMNWj2RQ-fYDlJcq6ih-F3YiYszKn5C1koTuIuAXKv00NCPP_OxhEPR7L3d4nZUtkELoIPHo-4=" rel="nofollow" target="_blank">gonzalo.colazo@sqm.com</a> <br></br>Iodine &amp; Plant Nutrition Division: Carolina Guzman / <a href="https://www.globenewswire.com/Tracker?data=bHIxm2nMT-t1CNpgaKYTLpEIq4rXlc_YBUZ0j_cgpXgJGrtuNPY2V_y4EJJFSKivFmEJ5U9nqxaR-Pbu0652BESU_a-yQaF3pBUXAUiftv4=" rel="nofollow" target="_blank">carolina.guzman@sqm.com</a></p>  <hr></hr>  <p>i Includes accrued corporate income taxes and mining taxes (part of which has already been paid), and payments related to the Corfo contracts such as the lease payment (paid quarterly), and other accrued payments to local governments (paid annually) in connection with said contracts. This amount also includes the dividend accrued to be paid to Codelco.<br></br>ii Nova Andino Litio (or Novandino) is the joint company between SQM and Codelco.<br></br>iii Covalent Lithium is a joint venture between SQM and Wesfarmers Limited.</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTgxMjYyMiM3NzgzMjQ4IzIyNjI1OTQ="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/ODA1Mzg3ZmUtNTRjMi00YTRmLTk1ZjYtYzhhMWMzMDZjYmU5LTEyNzQxNDQtMjAyNi0wOC0xOS1lbg==/tiny/SQM.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/4b85d1d8-b930-4226-bb51-6489d1ac8112"><img src="https://ml.globenewswire.com/media/4b85d1d8-b930-4226-bb51-6489d1ac8112/small/logo-jpg.jpg" border="0" width="148" height="150" alt="Primary Logo"></img></a></p>

SQM reported strong first-half 2026 results with revenue up 103% to $4.23B and net income up 353% to $1.02B, driven by record lithium volumes (>84k LCE) and higher iodine pricing. The company notes over $1.6B in payments to the Chilean state and remains optimistic on lithium demand, supporting earnings visibility through 2026 and beyond.

News insight

SQM Reports Earnings for the Six Months Ended June 30, 2026

AI summary

Sentiment rationale

Key facts

Earnings