Highlights SQM reported total revenues for the three months ended March 31, 2026 of US$1,760.1 million compared to total revenues of US$1,036.6 million for the same period last year.  Net income for the three months

SQM Reports Earnings for the Three Months Ended March 31, 2026

SQM delivers strong Q1 2026; lifts lithium volumes guidance amid robust demand

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Highlights SQM reported total revenues for the three months ended March 31, 2026 of US$1,760.1 million compared to total revenues of US$1,036.6 million for the same period last year.  Net income for the three months</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>SQM posted Q1 2026 revenue of $1.76B and net income of $364.7M, up sharply year over year. Lithium sales volumes reached about 69,000 MT LCE, and the company lifted its annual growth guidance to 15%. Nova Andino Litio contributed over $530M to the Chilean state in Q1, while Salar Futuro environmental permitting advances point to further expansion momentum.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Q1 2026 revenue $1,760.1M; net income $364.7M.</li><li>Lithium volumes ~69k MT; annual growth guidance 15%.</li><li>Nova Andino Litio contributed &gt;$530M to Chilean state.</li><li>Salar Futuro permitting underway; potential lithium expansion.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Sociedad Química y Minera de Chile S.A. (SQM) (SQM)</strong>: Reported strong Q1 2026 results; raised 2026 lithium volume growth guidance to 15%.</li><li><strong>Nova Andino Litio (NOVA-AL)</strong>: Joint venture with CODELCO; Q1 contributions to Chilean state exceed $530M; driver of lithium expansion.</li><li><strong>CODELCO (CODELCO)</strong>: Partner in Nova Andino Litio; supports expansion and potential state revenue share via lithium project.</li><li><strong>CORFO (CORFO)</strong>: Receives payments related to Nova Andino Litio contributions; Chilean government involvement highlighted.</li></ul>
  </section>

  <section data-block="category">
    <h3>Earnings</h3>
    <p>Earnings category; the article focuses on quarterly results, segment performance, and guidance updates, with notable emphasis on lithium expansion and strategic partnerships.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>SQM raises lithium volume growth guidance to 15% for 2026.</li><li>Global lithium demand could exceed 1.9 million MT this year.</li><li>Nova Andino Litio contributions to Chile exceed $530M in Q1.</li><li>Environmental permitting for Salar Futuro advances; potential capacity expansion forthcoming.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Three months ended March 31, 2026: Revenue US$1,760.1 million.</li><li>Net income US$364.7 million or US$1.28 per share, up 165.2% YoY.</li><li>Gross profit US$778.6 million (44.2% of revenues).</li><li>Lithium sales volumes ~69,000 metric tons LCE in Q1.</li><li>Environmental permitting process for Salar Futuro to be submitted in coming months; Salar Futuro developed by Nova Andino.</li><li>Conference call to discuss results on May 27, 2026 at 12:00pm EDT.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish over the next 3–6 months as lithium demand tightness supports volumes and pricing.</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><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 three months ended March 31, 2026 of US$1,760.1 million compared to total revenues of US$1,036.6 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 three months ended March 31, 2026 of US$364.7 million or US$1.28 per share, compared to US$137.5 million or US$0.48 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: Strong sales volumes amidst strong market demand. Moving-up sales volumes guidance for the 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 SPN: Stronger than expected quarter in both volumes and prices. Moving-up sales volumes for the year.</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, May 27, 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: https://register-conf.media-server.com/register/BIf194b8fef0d7479a82018f16e2c31fe3</td></tr><tr><td style="border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: bottom ; ">Webcast: https://edge.media-server.com/mmc/p/9qtcu4gc</td></tr></table> <p align="justify"><br></br>SANTIAGO, Chile, May  26, 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>three</strong><strong> months ended </strong><strong>March 31, 2026</strong><strong>, </strong>of US$364.7 million or US$1.28 per share, an increase of 165.2% compared to US$137.5 million or US$0.48 per share reported for the same period last year.</p>  <p align="justify"><strong>Gross profit</strong><sup><strong>(1)</strong></sup> reached US$778.6 million (44.2% of revenues) for the three months ended March 31, 2026, higher than US$304.7 million (29.4% of revenues) recorded for the three months ended March 31, 2025. <strong>Revenues</strong> totaled US$1,760.1 million for the three months ended March 31, 2026, representing an increase of 69.8% compared to US$1,036.6 million reported for the three months ended March 31, 2025.</p>  <p align="justify">SQM's Chief Executive Officer, Ricardo Ramos, stated, "We delivered strong results during the first quarter of the year. In lithium, sales volumes reached approximately 69 thousand metric tons of LCE across our operations, as we continued to operate at full capacity to meet strong customer demand. Based on our current estimates, global lithium demand could exceed 1.9 million metric tons of LCE this year, while market dynamics continue to suggest a tight supply-demand balance. As a result, we have upgraded our sales volume guidance for the year, increasing our expected growth from 10% to 15%."</p>  <p>He added, "The first quarter of 2026 marked our first full quarter operating alongside CODELCO through our partnership Nova Andino Litio, and the results underscore the strength of this partnership. We are operating at full capacity, delivering strong financial results, while we continue to expand production capacity. In the first quarter alone, Nova Andino Litio generated more than US$530 million in contributions to the Chilean state, including payments to CORFO, local governments, and taxes."</p>  <p align="justify">"We are currently finalizing the documentation required to begin the environmental permitting process for the Salar Futuro project. We expect to submit the project to the environmental authorities in the coming months and to share further details with the market in the near term. This project will be developed by Nova Andino, and we are very enthusiastic about its potential to establish a new benchmark in lithium production."</p>  <p align="justify">Mr. Ramos continued, "In our SPN business lines, we are also increasing our sales volume guidance for the year. We now expect total sales volumes to grow by approximately 10% compared to last year, driven by tighter supply conditions in Asia. This reflects reduced export availability, as Chinese producers prioritize domestic consumption and scale back potassium nitrate shipments, creating opportunities for us to serve previously undersupplied markets."</p>  <p align="justify">He further noted, "In Iodine, we observed strong sales volumes and higher year-over-year prices, a trend we expect to continue into the next quarter. We are maintaining our full-year sales volume guidance, with volumes expected to be in line with last year. The seawater pipeline is currently in the commissioning phase, and we expect to bring it online during the second half of the year."</p>  <p align="justify">The CEO concluded, "We continue to see positive market dynamics across our key business lines, particularly in lithium, while remaining optimistic about our iodine and specialty plant nutrition segments. We believe we are well positioned to deliver solid results and improved returns to our shareholders, while continuing to advance our expansion plans in both lithium and iodine"</p>  <p>To see full press release please visit: <a href="https://www.globenewswire.com/Tracker?data=V8gF0olyppo5K_RTOxTKzkHvoHP1Yo8rTHvXm2NNY8gKoDeqWlcHtjNB0gy_f_DYTqFMTQGDmxD9B7c3cBxvBFfjYNkxgDxyvzxH_rQIEDs=" rel="nofollow" target="_blank">https://ir.sqm.com/</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcyNzAyOSM3NjIyNTMwIzIyNjI1OTQ="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/MjMzNDFmMjctZDEzYS00NjE3LWJkYTQtYmFhMDFjMDJiMzY4LTEyNzQxNDQtMjAyNi0wNS0yNi1lbg==/tiny/SQM.png" referrerpolicy="no-referrer-when-downgrade"></img><pre>Contact information
Nova Andino Litio:
Ignacia Lopez / <a href="mailto:ignacia.lopez@novandino.com">ignacia.lopez@novandino.com</a>

International Lithium Division:
Diana Wearing Smith / <a href="mailto:diana.wearingsmith@sqm.com">diana.wearingsmith@sqm.com</a>

Iodine &amp; Plant Nutrition Division:
Carolina Guzman / carolina.guzman@sqm.com</pre><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 posted Q1 2026 revenue of $1.76B and net income of $364.7M, up sharply year over year. Lithium sales volumes reached about 69,000 MT LCE, and the company lifted its annual growth guidance to 15%. Nova Andino Litio contributed over $530M to the Chilean state in Q1, while Salar Futuro environmental permitting advances point to further expansion momentum.

SQM Reports Earnings for the Three Months Ended March 31, 2026

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Earnings

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