Sociedad Quimica y Minera de Chile GAAP EPS of $2.31 beats by $0.26, revenue of $2.47B beats by $250M
Sociedad Quimica y Minera de Chile (SQM) reported Q2 results exceeding expectations, with GAAP EPS of $2.31 and revenue of $2.47B. Gross profit surged 398.1% to $1.26 billion. Lithium sales hit a record high of over 84k metric tons. SQM anticipates global lithium demand surpassing 2.1 million metric tons in 2026, citing strong long-term market fundamentals and solid performance across business lines.