Wall Street Zen cuts rating for Sociedad Quimica y Minera stock to Buy

Published on 10/18/2026 at 12:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached USD 2.47 billion, up 136.70 percent year over year. BMO set a USD 90.00 target for Sociedad Quimica y Minera stock.

Rating, results and dates

Wall Street Zen changed its SQM rating from Strong Buy to Buy on October 17, 2026.
SQM reported USD 2.47 billion in second-quarter 2026 revenue, up 136.70 percent year over year.
SQM's market capitalization stood at USD 17.2 billion on October 17, 2026.

SQM, US8336351056, Illustration mit AI erstellt.

Sociedad Quimica y Minera de Chile (ISIN US8336351056) saw Wall Street Zen change its rating from Strong Buy to Buy on October 17, 2026, according to MarketBeat. The decision adds a fresh valuation signal after SQM reported a sharp improvement in second-quarter operating results.

Results reset the earnings base

On August 18, 2026, SQM reported USD 2.47 billion in revenue for the second quarter of 2026, compared with USD 1.04 billion in the same period of 2025. Revenue therefore increased 136.70 percent year over year. Net income reached USD 660.0 million, versus USD 88.0 million a year earlier.

The earnings improvement gives the rating change a more specific backdrop. SQM also reported diluted earnings per share of USD 2.31 for the second quarter, above the USD 2.03 consensus estimate cited by MarketBeat.

What does the target change mean?

Markets Insider reported on October 6, 2026 that BMO Capital lowered its SQM target to USD 90.00 from USD 100.00 while keeping an Outperform rating. The target reduction followed weaker lithium spot-price assumptions, showing that strong reported earnings have not removed commodity-price sensitivity from the valuation debate.

Three dated SQM developments

On August 18, 2026, SQM reported USD 2.47 billion in second-quarter revenue and USD 660.0 million in net income through its investor-relations release. On October 6, 2026, BMO Capital cut its target from USD 100.00 to USD 90.00, as reported by Markets Insider. On October 17, 2026, Wall Street Zen changed its rating from Strong Buy to Buy, according to MarketBeat.

Upcoming reporting dates

SQM's next two scheduled dates are November 17, 2026, for publication of third-quarter 2026 financial results, and November 18, 2026, for the related conference call, according to the company's investor-relations calendar.

Market value and investor context

SQM's market capitalization stood at USD 17.2 billion on October 17, 2026. The company produces lithium, iodine, specialty plant nutrients and industrial chemicals, with its primary listing on the New York Stock Exchange, according to MarketBeat. For investors, the key tension is numerical: second-quarter revenue rose 136.70 percent year over year, while BMO's target fell by USD 10.00.

The further course of trading is shown by the continuously updated real-time quote of Sociedad Quimica y Minera de Chile stock.