SQM stock falls after strong earnings as JPMorgan cuts target

Published on 09/20/2026 at 10:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SQM stock closed at USD 67.72 on the New York Stock Exchange on September 18, 2026, down 5.68 percent after strong recent earnings and weaker lithium prices. JPMorgan cut its price target on September 18, 2026, highlighting pricing pressure risks for the producer.

SQM, US8336351056, Illustration mit AI erstellt.

Sociedad Quimica y Minera de Chile S.A. (SQM, ISIN US8336351056) stock closed at USD 67.72 on the New York Stock Exchange on September 18, 2026, a decline of 5.68 percent from the prior close as lithium prices in China slipped again and pulled producers lower, according to price data summarized by MarketBeat on September 18, 2026.

Earnings momentum meets pricing pressure

According to Ad-hoc-news on September 18, 2026, SQM recently reported strong quarterly earnings with revenue and profit ahead of market expectations, but the stock still came under pressure as investors focused on renewed weakness in Chinese lithium prices.

The same report notes that SQM’s most recent quarterly figures, covering the latest fiscal quarter of 2026, showed double-digit growth in revenue compared with the prior-year period, while net income also increased versus the previous year, underscoring robust operational performance despite commodity volatility in the market.

JPMorgan cuts price target on SQM stock

As Ad-hoc-news reports, JPMorgan lowered its price target for SQM stock on September 18, 2026, citing the risk that softer lithium prices could weigh on margins and cash flow even after the strong quarterly results.

According to the same overview from Ad-hoc-news, the target cut came even though SQM’s latest quarterly earnings showed higher sales volumes and improved profitability compared with the same quarter of the previous year, illustrating how quickly sentiment in cyclical commodity stocks can change when pricing expectations shift.

Stock stays below early-2026 levels

Per the detailed price summary on Ad-hoc-news, SQM stock at the close on September 18, 2026 traded at USD 67.72 on the New York Stock Exchange, down from levels near USD 68.84 at the beginning of 2026 and leaving the shares about 1.4 percent lower year to date.

The same price overview indicates that the stock has moved within a range over the past 52 weeks, with the current level of USD 67.72 sitting modestly below the early-2026 price reference, underlining that the market is balancing strong recent earnings against concerns over lithium price volatility and its impact on future profitability.

Closing stock paragraph

At the New York Stock Exchange close on September 18, 2026, SQM stock stood at USD 67.72, giving Sociedad Quimica y Minera de Chile S.A. a market capitalization in the mid-single-digit billion USD range and reflecting the latest reassessment of lithium pricing risks by investors.