Wall Street Zen upgrades SQM stock to Strong Buy

Published on 10/07/2026 at 01:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 136.70 percent year over year in second quarter 2026. SQM stock was EUR 58.80 on October 5, 2026 after EUR 58.80.

SQM, US8336351056, Illustration mit AI erstellt.

SQM (ISIN US8336351056) was upgraded from Buy to Strong Buy by Wall Street Zen on October 4, 2026, according to MarketBeat. The rating change gives the analyst view a clear direction, but the broader consensus cited in the same report remains Moderate Buy, with an average target of USD 79.30.

Revenue rebounds in second quarter

SQM reported USD 2.47 billion in revenue for the second quarter of 2026, up 136.70 percent from the same quarter a year earlier. The figure was also above the USD 2.24 billion analyst estimate cited by MarketBeat.

Net income reached USD 660.00 million in the second quarter of 2026, compared with USD 88.00 million in the second quarter of 2025, according to SQM. Earnings per share came to USD 2.31, versus USD 0.79 a year earlier.

Analyst target stays above market value

The USD 79.30 average target cited by MarketBeat stands above the USD 66.17 primary-exchange quote reported for October 6, 2026, while SQM's 52-week range was USD 40.58 to USD 98.00. The comparison leaves the stock below its yearly high, even after the earnings rebound, and shows why lithium pricing remains central to the valuation.

Sociedad Química y Minera de Chile produces lithium, iodine, specialty plant nutrients and industrial chemicals. Its portfolio gives the company exposure to battery materials as well as fertilizer and healthcare-related demand, rather than to lithium alone.

Third-quarter date is set

SQM's investor-relations calendar lists November 17, 2026, for publication of third-quarter 2026 financial results and November 18, 2026, for the conference call. The calendar also lists an interim dividend approval dated August 25, 2026, adding a shareholder-return item to the latest company timeline.

Prior close sets the euro reference

At Lang & Schwarz, SQM's prior close was EUR 58.80 on October 5, 2026. The reference is the prior Xetra trading-day close, while the US listing is on the NYSE in USD. The further course of trading is shown by the continuously updated real-time quote of SQM stock.