Sociedad Química y Minera de Chile S.A. (SQM) reported net income of $1,024.7 million, or $3.59 per share, for the six months ended June 30, 2026, up 353.5% from $225.9 million, or $0.79 per share, a year earlier. Revenue rose 103.4% to $4,228.5 million, while gross profit increased 267.2% to $2,038.6 million. Second-quarter net income reached $660.0 million, or $2.31 per share, up 646.4% year over year, and revenue was $2,468.4 million, up 136.7% from $1,042.7 million in the second quarter of 2025, exceeding analyst estimates. Lithium sales volumes reached a quarterly record of more than 84,000 metric tons of Lithium Carbonate Equivalent (LCE), a standardized measure of lithium product content. SQM said lithium prices rose in the second quarter on stronger-than-expected demand and forecast global lithium demand of more than 2.1 million metric tons in 2026. Iodine delivered record pricing and quarterly revenue, while Specialty Plant Nutrition posted strong volumes and solid pricing. SQM and its subsidiaries accrued more than $1.6 billion in payments to the Chilean State during the first half. Chief Executive Officer Ricardo Ramos said performance across the main business lines was solid. The company will discuss the results in a conference call on Aug. 19, 2026, at noon EDT and noon Chile time.