Analyst Consensus ?
ConsensusHold15 ratings
Bullish533.4%
Neutral853.3%
Bearish213.3%
Sociedad Química y Minera de Chile S.A. · SQM · FY2025 Q3 · Calendar Q4 2025
SQM: Lithium volumes and pricing improve; execution remains key
The current analysis supports a constructive but conditional view: stronger lithium volumes, improving pricing, and expansion progress support the growth case, while commodity volatility and execution risks leave the outlook dependent on delivery.
Reported After market closeNYSEBasic Materials
$18.80B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.62
Consensus $0.69
EPS surprise
-9.4%
Reported versus consensus
Reported revenue
$1.17B
Consensus $1.23B
Revenue surprise
-4.4%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-4.1%
Event window
SPY move
-1.5%
Same window
Abnormal move
-2.6%
Stock minus SPY
Volume
1.4×
Versus trailing sessions
Subsequent drift
+13.6%
Up to 20 sessions
SQMSPY benchmark
Ask FN2 about SQM FY2025 Q3
Transcript, numbers and history already loaded
Why did SQM fall 4.1% after missing EPS estimates in FY2025 Q3?What changed in SQM's guidance and outlook in FY2025 Q3?Give me the bull and bear case for SQM after FY2025 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior analysis, the current quarter emphasizes improved lithium pricing, record sales volumes, initial lithium hydroxide production, further iodine capacity progress, and continued Codelco joint-venture advancement.
Guidance delta
Raised; the current analysis says management lifted its outlook as lithium pricing and sales volumes improved.
Key takeaways
- The current analysis points to record lithium sales volumes and a more favorable pricing environment.
- Management linked demand support to electric vehicles and energy storage, particularly in China and Europe.
- Expansion work spans lithium, iodine, and specialty plant nutrition, while the Codelco joint venture advances.
- The prior analysis also highlighted strong iodine demand and broader specialty plant nutrition opportunities.
Management priorities
- Ramp the Kwinana lithium hydroxide operation.
- Advance iodine capacity and the seawater pipeline.
- Expand lithium sulfate and specialty plant nutrition production.
- Execute the planned capital program and complete the Codelco joint venture.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$66.17Current
$35Low
$71.86Average
$104High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 6, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Neutral | Neutral | Maintain | Sep 18, 2026 |
| Citigroup | Buy | Neutral | Upgrade | Aug 27, 2026 |
| Scotiabank | Sector Outperform | Sector Outperform | Maintain | Aug 24, 2026 |
| Goldman Sachs | Neutral | Neutral | Maintain | Jul 15, 2026 |
| Deutsche Bank | Buy | Buy | Maintain | Jul 14, 2026 |
| B of A Securities | Underperform | Underperform | Maintain | Mar 25, 2026 |
| Jefferies | Hold | Buy | Downgrade | Oct 6, 2025 |
| BMO Capital | Outperform | Outperform | Maintain | Aug 21, 2025 |
| Loop Capital | Hold | Hold | Maintain | Aug 28, 2023 |
| HSBC | Buy | Buy | Maintain | Jul 6, 2023 |
| Morgan Stanley | Underweight | Equal Weight | Downgrade | Mar 31, 2022 |
| Santander | Hold | Buy | Downgrade | Apr 3, 2019 |
| Bank of America | Neutral | Buy | Downgrade | Mar 8, 2019 |
| Miller Tabak | Hold | Neutral | Maintain | Jul 2, 2013 |
| Craig-Hallum | Hold | Buy | Downgrade | May 21, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $66.17. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Scotiabank | Ben Isaacson | $104 | $81.96 | +57.2% | Aug 24, 2026 |
| Deutsche Bank | Analyst unavailable | $94 | $77.36 | +42.1% | Aug 20, 2026 |
| Scotiabank | Analyst unavailable | $93 | $67.16 | +40.5% | Jul 28, 2026 |
| Goldman Sachs | Marcio Farid | $82 | $72.95 | +23.9% | Jul 15, 2026 |
| Deutsche Bank | Analyst unavailable | $98 | $71.94 | +48.1% | Jul 14, 2026 |
| Goldman Sachs | Analyst unavailable | $100 | $83.42 | +51.1% | Jun 2, 2026 |
| Scotiabank | Ben Isaacson | $105 | $84.18 | +58.7% | May 28, 2026 |
| Deutsche Bank | Analyst unavailable | $106 | $89.75 | +60.2% | May 5, 2026 |
| Berenberg Bank | Analyst unavailable | $53 | $71.86 | -19.9% | Feb 23, 2026 |
| Deutsche Bank | Corinne Blanchard | $91 | $81.88 | +37.5% | Jan 21, 2026 |
| Deutsche Bank | Analyst unavailable | $88 | $77.76 | +33.0% | Jan 12, 2026 |
| Scotiabank | Analyst unavailable | $90 | $77.71 | +36.0% | Jan 12, 2026 |
| UBS | Analyst unavailable | $79 | $64.17 | +19.4% | Dec 17, 2025 |
| Goldman Sachs | Analyst unavailable | $63 | $63.06 | -4.8% | Dec 4, 2025 |
| Scotiabank | Ben Isaacson | $80 | $58.26 | +20.9% | Nov 24, 2025 |
| BMO Capital | Analyst unavailable | $77 | $62.62 | +16.4% | Nov 20, 2025 |
| Deutsche Bank | Corinne Blanchard | $46 | $44.44 | -30.5% | Oct 17, 2025 |
| Jefferies | Alejandro Anibal Demichelis | $50 | $43.11 | -24.4% | Oct 6, 2025 |
| BMO Capital | Joel Jackson | $55 | $37.12 | -16.9% | Aug 28, 2024 |
| Jefferies | Alejandro Demichelis | $55 | $38.64 | -16.9% | Aug 26, 2024 |
| Bank of America Securities | Isabella Simonato | $38 | $37.7 | -42.6% | Aug 21, 2024 |
| Goldman Sachs | Marcio Farid | $46.5 | $35.98 | -29.7% | Aug 9, 2024 |
| Berenberg Bank | Andres Castanos-Mollor | $35 | $37.73 | -47.1% | Jul 31, 2024 |
| BMO Capital | Joel Jackson | $65 | $46.52 | -1.8% | Jun 3, 2024 |
| Deutsche Bank | Corinne Blanchard | $45 | $49.84 | -32.0% | May 28, 2024 |
| Deutsche Bank | Corinne Blanchard | $42 | $49.72 | -36.5% | May 23, 2024 |
| Jefferies | Alejandro Demichelis | $62.8 | $47.61 | -5.1% | Apr 8, 2024 |
| Deutsche Bank | Corinne Blanchard | $115 | $90.07 | +73.8% | Aug 22, 2022 |
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Start freeCompany context
Snapshot as of publicationSociedad Química y Minera de Chile S.A., commonly known as SQM, is a major global producer and distributor of a diverse array of chemical and mineral products. Its extensive offerings include specialized plant nutrition solutions, iodine and its various chemical compounds, lithium and its derivatives, potassium chloride and sulfate, and a range of industrial chemicals, alongside other related products and services. Among its key agricultural products are specialty plant nutrients like potassium nitrate, sodium nitrate, and sodium potassium nitrate, as well as customized blends and advanced fertilizers. The company also manufactures iodine and its derivatives, which are widely utilized across medical, pharmaceutical, agricultural, and industrial sectors. These applications encompass crucial ingredients for x-ray contrast agents, polarizing films essential for LCD and LED displays, various antiseptics, biocides, and disinfectants, components for pharmaceutical synthesis, electronic materials, and elements vital for pigments and dyes.…
Historical context
All SQM earningsBasic Materials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| RPM RPM International Inc. | FY2027 Q1 · Calendar Q4 2026 | — | +1.6% | RPM posts record Q1 results as inflation pressures margins |
| HMY Harmony Gold Mining Company Limited | FY2026 Q4 · Calendar Q3 2026 | 0.0% | -6.2% | Harmony Gold posts record FY2026 while Eva Copper risks remain |
Latest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the SQM recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-06T19:00:50.686967+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-06T19:00:50.685140+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-06. For educational purposes only; not investment advice.