What were SQM's first-quarter net income and revenue, and how do they compare year over year?

SQM reported first-quarter net income of $364.7 million, up from $137.5 million in the year-ago quarter, and revenues of $1.76 billion, representing a 70% year-over-year increase.

How much lithium did SQM sell in the first quarter, what was the average selling price, and how does the company characterize the current lithium market balance?

SQM sold approximately 69,000 metric tons of lithium carbonate equivalent (LCE) in the first quarter, with an average realized selling price of $17.80 per kilogram; the company stated that 'market dynamics continue to suggest a tight supply-demand balance' and expects global lithium demand to exceed 1.9 million metric tons of LCE this year.

SQM Earnings Jump on Strong Lithium Demand

May 30, 2026

SQM reported Q1 net income of $364.7 million, driven by 70% revenue growth in lithium and other segments. Management anticipates continued tight supply-demand dynamics and potential price hikes in the coming quarter.

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