• Reported GAAP EPS of $1.28 up 166.67% YoY • Reported revenue of $1.76B up 69.79% YoY • SQM upgraded its lithium sales volume guidance for 2026, now expecting growth from 10% to 15%. The company also anticipates total SPN sales volumes to grow by approximately 10% year-over-year.
Bullish
SQM achieved strong lithium sales and revenue growth, upgraded lithium and SPN volume guidance, and saw positive contributions from its Nova Andino Litio partnership, while advancing new production projects.
Bearish
SQM faces challenges in its Potassium segment with declining revenues and projected 50% volume decrease, while Iodine sales volumes may moderate due to new supply, and potassium nitrate demand could decrease.