Sociedad Química y Minera de Chile S.A. · SQM · Next earnings

Sociedad Química y Minera de Chile S.A. reports Tuesday, Nov 17, 2026

SQM reports after market close with consensus EPS at $2.17 and revenue at $2.23B. Last quarter: SQM Q2: Lithium volume growth supports a stronger outlook

Reports After market close13 days awayDate estimated Basic Materials

What the street expects

Consensus for the coming report
Consensus EPS $2.17 Calendar consensus
Consensus revenue $2.23B Calendar consensus
Report date Nov 17, 2026 Tuesday, date estimated
Session After market close 13 days away

Where SQM left off: FY2026 Q2

Full report

SQM Q2: Lithium volume growth supports a stronger outlook

EPS surprise +13.8% Reported $2.31 vs $2.03
Revenue surprise +10.3% Reported $2.47B vs $2.24B
Stock move +4.1% Event window
Subsequent drift -13.7% Up to 20 sessions

Management raised lithium production targets to 280,000–290,000 metric tons LCE in 2026 and about 300,000 in 2027, while raising its full-year lithium demand expectation by 200,000 tons.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Lithium price volatility and possible battery-storage inventory oversupply.
  • Regulatory approvals for Salar Futuro and other expansion projects.
  • Execution and cost risk in the Mount Holland construction timeline.
  • Reliance on Chinese tolling contracts for lithium sulfate production.

Questions analysts left open

  • Q3 lithium gross-margin expectations relative to Q2.
  • Price realization differences between Novandino in Chile and international operations in Australia.
  • The duration and pricing stability of tolling contracts for lithium sulfate.
  • Potential inventory buildup in battery storage and its effect on demand.

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Recent SQM quarters

All SQM earnings
+4.1%FY2026 Q2+4.4%FY2026 Q1-0.9%FY2025 Q4-4.1%FY2025 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.