$SQM Earnings: EPS Jumps 645% as Revenue Surges 69.8%
SQM reported a massive earnings turnaround in its most recent quarter, with EPS rising from $0.31 to $2.31 year over year. Here's what the numbers show.
$SQM (Sociedad Quimica y Minera) reported results for its most recent quarter (reported August 19, 2026), and the headline numbers are hard to ignore. EPS came in at $2.31, up from $0.31 in the same period a year earlier — a year-over-year increase of 645.2%. Quarterly revenue grew 69.8% year over year, matching the same top-line growth rate reflected in the trailing annual figure.
The earnings beat was narrow — just +0.1% above expectations — but a beat is a beat, and the underlying magnitude of the turnaround is what stands out here.
We do not have guidance commentary from this report.
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What it means
The ACCE score for $SQM sits at 80 out of 100, with a Growth sub-score of 100 — a perfect reading that reflects exactly what the earnings data shows. A near-sevenfold jump in EPS is not a rounding error; it signals a fundamental shift in profitability, not just a favorable comparison.
The Value sub-score of 66 and the Quality sub-score of 75 add useful context. The trailing P/E of 26.0 looks elevated in isolation, but the forward P/E of 11.0 suggests the market is pricing in continued earnings strength. Net margin sits at 15.4%, ROE at 13.4%, and FCF yield at 8.1% — all figures that support the Quality score and indicate the earnings improvement is flowing through to actual cash generation, not just accounting lines.
The Momentum sub-score of 77 aligns with a 1-year return of +69.7% for $SQM at the current price of $76.45. The stock has moved significantly, but the six-model fair value estimate of $83.72 still implies roughly 9.5% upside from here, with the analyst consensus target at $84.78.
Market cap stands at $21.27B, and the dividend yield is 1.4% — modest, but present alongside a strong FCF yield.
The big open question is whether the revenue and earnings growth rates are sustainable. $SQM operates in Basic Materials, a sector where commodity pricing can swing results dramatically in either direction. The 645.2% EPS jump almost certainly reflects a favorable pricing environment relative to a weak prior-year period. Without guidance, it is difficult to assess how management views the trajectory from here.
For current price and updated metrics, see the live page at acceinvestments.com/stocks/SQM.
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