Wall Street expects Sociedad Quimica y Minera (SQM) to report Q2 2026 revenue of $2.24 billion and earnings per share of $2.03, marking a significant recovery from the year-ago period. The stock is currently trading near $74.54, essentially in line with the average analyst price target of $73.58.
Investors are primarily focused on the company's average realized lithium price, which is expected to rise sequentially as battery-grade carbonate markets stabilize. This report is critical as it follows the formalization of the NovaAndino partnership with Codelco, a deal set to secure the company's operations in the Salar de Atacama through 2060. Analysts are also looking for progress updates on the Mt Holland project in Australia, where a final investment decision was recently made to double production capacity.