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's Q1 2026 results lift guidance, highlight lithium demand and Nova Andino momentum

<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 strong Q1 2026 results with US$1.76B revenue and US$364.7M net income, lifting gross margin to 44.2%. Lithium volumes reached ~69k metric tons LCE, prompting an upgrade to 2026 growth guidance of 15% as demand remains tight. The Nova Andino Litio JV delivered over US$530M in contributions to the Chilean state, while environmental permitting for Salar Futuro advances, underpinning future capacity expansion.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>SQM Q1 2026 revenues US$1.76B; net income US$364.7M, EPS US$1.28.</li><li>Lithium volumes ~69k metric tons LCE; guidance up to 15% growth.</li><li>Nova Andino Litio contributed &gt;US$530M to Chilean state in Q1.</li><li>Salar Futuro permitting underway; environmental submission expected in coming months.</li><li>Q1 gross margin 44.2% on US$1.76B revenue; margin expansion vs year ago.</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 lithium sales growth guidance to 15%.</li><li><strong>Nova Andino Litio (N/A)</strong>: JV with SQM and CODELCO; first full quarter; contributed &gt;US$530M to Chilean state.</li><li><strong>CODELCO (N/A)</strong>: Joint venture partner in Nova Andino Litio; potential capacity expansion synergy.</li></ul>
  </section>

  <section data-block="category">
    <h3>Earnings</h3>
    <p>Category: Earnings. The release centers on quarterly results, segment commentary, and forward-looking guidance, which are primary earnings drivers and near-term catalysts for SQM stock.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Lithium demand outlook remains tight, potential 1.9M+ t LCE this year supports prices.</li><li>Guidance upgraded to 15% growth enhances revenue visibility.</li><li>Nova Andino Litio’s strong Q1 contributions underscore JV upside for state and cash flow.</li><li>Salar Futuro permitting progress could unlock additional capacity later in 2026–2027.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Three months ended March 31, 2026 revenues US$1,760.1M; prior year US$1,036.6M.</li><li>Net income US$364.7M; US$1.28 per share; YoY up 165.2%.</li><li>Gross profit US$778.6M; 44.2% gross margin vs 29.4% in 2025.</li><li>Lithium sales volumes ~69,000 metric tons LCE; global demand could exceed 1.9M t LCE.</li><li>Guidance: up from 10% to 15% sales volume growth for 2026.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish on SQM in the next 1–3 quarters as lithium demand strengthens and guidance improves.</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 strong Q1 2026 results with US$1.76B revenue and US$364.7M net income, lifting gross margin to 44.2%. Lithium volumes reached ~69k metric tons LCE, prompting an upgrade to 2026 growth guidance of 15% as demand remains tight. The Nova Andino Litio JV delivered over US$530M in contributions to the Chilean state, while environmental permitting for Salar Futuro advances, underpinning future capacity expansion.

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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