DQ

DAQO New Energy NYSE: DQ reported sharply higher third-quarter revenue and a narrower net loss as polysilicon shipments rose following a shift toward a more market-oriented sales strategy, while management said the company is considering lower utilization rates amid high industry inventories and uncertain policy enforcement.

Daqo New Energy Corp. reported Q3 revenue of $194.2M, beating estimates, but remains unprofitable with negative gross margins and operating losses. DQ increased polysilicon production and shipments, but market oversupply persists, keeping prices below costs and pressuring financials. The company maintains a robust liquidity position of $2.06B and no debt, providing operational flexibility despite elevated cash burn.

SHANGHAI, Oct. 27, 2026 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy," the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced its unaudited financial results for the third quarter ended September 30, 2026. Third Quarter 2026 Financial and Operating Highlights Aggregate of cash, short-term investments, bank notes receivable, held-to-maturity investments and fixed-term bank deposit balance was $2.06 billion at the end of Q3 2026, compared to $1.92 billion at the end of Q2 2026 Polysilicon production volume was 53,469 MT in Q3 2026, compared to 43,675 MT in Q2 2026 Polysilicon sales volume was 46,910 MT in Q3 2026, compared to 15,190 MT in Q2 2026 Polysilicon average total production cost(1) was $5.37/kg in Q3 2026, compared to $5.95/kg in Q2 2026 Polysilicon average cash cost(1) was $4.23/kg in Q3 2026, compared to $4.57/kg in Q2 2026 Polysilicon average selling price (ASP) was $4.12/kg in Q3 2026, compared to $4.04/kg in Q2 2026 Revenue was $194.2 million in Q3 2026, compared to $62.7 million in Q2 2026 Gross loss was $60.6 million in Q3 2026, compared to $82.7 million in Q2 2026; gross margin was negative 31.2% in Q3 2026, compared to negative 132.0% in Q2 2026 Net loss attributable to Daqo New Energy Corp. shareholders was $52.9 million in Q3 2026, compared to $81.2 million in Q2 2026; loss per basic American Depositary Share (ADS)(3) was $0.78 in Q3 2026, compared to $1.20 in Q2 2026 Adjusted net loss (non-GAAP)(2) attributable to Daqo New Energy Corp. shareholders was $52.9 million in Q3 2026, compared to $81.2 million in Q2 2026 Adjusted loss per basic ADS(3) (non-GAAP)(2) was $0.78 in Q3 2026, compared to $1.20 in Q2 2026; EBITDA (non-GAAP)(2) was negative $9.2 million in Q3 2026, compared to negative $29.3 million in Q2 2026; EBITDA margin (non-GAAP)(2) was negative 4.7% in Q3 2026, compared to negative 46.8% in Q2 2026 Three months ended US$ millions except as indicated otherwise Sep. 30,2026 Jun. 30,2026 Sep. 30,2025 Revenues 194.2 62.7 244.6 Gross (loss) profit (60.6) (82.7) 9.7 Gross margin (31.2) % (132.0) % 3.9 % Loss from operations (78.6) (98.1) (20.3) Net loss attributable to Daqo New Energy Corp.shareholders (52.9) (81.2) (14.9) Loss per basic ADS(3) ($ per ADS) (0.78) (1.20) (0.22) Adjusted net (loss) profit (non-GAAP)(2) attributableto Daqo New Energy Corp. shareholders (52.9) (81.2) 3.7 Adjusted (loss) earnings per basic ADS(3) (non-GAAP)(2) ($ per ADS) (0.78) (1.20) 0.05 EBITDA (non-GAAP)(2) (9.2) (29.3) 45.8 EBITDA margin (non-GAAP)(2) (4.7) % (46.8) % 18.7 % Polysilicon sales volume (MT) 46,910 15,190 42,406 Polysilicon average total production cost ($/kg)(1) 5.37 5.95 6.38 Polysilicon average cash cost (excl.

SHANGHAI, Oct. 13, 2026 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy" or the "Company"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced it will release its unaudited financial results for the third quarter ended September 30, 2026, before U.S. markets open on Tuesday, October 27, 2026. The Company will hold a conference call to discuss the financial results at 8:00 AM U.S. Eastern Time on Tuesday, October 27, 2026 (8:00 PM Beijing / Hong Kong time on the same day).

Daqo New Energy Corp. receives a third consecutive Sell rating due to persistent structural and profitability challenges. DQ's production costs exceed polysilicon selling prices, utilization rates remain below 50%, and gross margins are deeply negative. Despite a recent rally and increased output guidance, DQ's market cap is unsupported by its $22.3M projected annual gross profit and ongoing losses.

Daqo New Energy Corp. (DQ) Q2 2026 Earnings Call Transcript

DAQO New Energy NYSE: DQ reported a narrower second-quarter loss as it resumed normal polysilicon sales in June, though pricing remained below production costs amid weak solar demand and elevated industry inventories.

Daqo New Energy (DQ) came out with a quarterly loss of $1.2 per share versus the Zacks Consensus Estimate of a loss of $0.28. This compares to a loss of $1.14 per share a year ago.

SHANGHAI, Aug. 20, 2026 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy" the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced its unaudited financial results for the second quarter ended June 30, 2026. Second Quarter 2026 Financial and Operating Highlights Aggregate of cash, short-term investments, bank notes receivable, held-to-maturity investments and fixed term bank deposit balance was $1.92 billion at the end of Q2 2026, compared to $2.00 billion at the end of Q1 2026 Polysilicon production volume was 43,675 MT in Q2 2026, compared to 43,402 MT in Q1 2026 Polysilicon sales volume was 15,190 MT in Q2 2026, compared to 4,482 MT in Q1 2026 Polysilicon average total production cost(1) was $5.95/kg in Q2 2026, compared to $5.95/kg in Q1 2026 Polysilicon average cash cost(1) was $4.57/kg in Q2 2026, compared to $4.59/kg in Q1 2026 Polysilicon average selling price (ASP) was $4.04/kg in Q2 2026, compared to $5.96/kg in Q1 2026 Revenue was $62.7 million in Q2 2026, compared to $26.7 million in Q1 2026 Gross loss was $82.7 million in Q2 2026, compared to $139.4 million in Q1 2026; gross margin was negative 132.0% in Q2 2026, compared to negative 521.5% in Q1 2026 Net loss attributable to Daqo New Energy Corp. shareholders was $81.2 million in Q2 2026, compared to $88.4 million in Q1 2026; loss per basic American Depositary Share (ADS)(3) was $1.20 in Q2 2026, compared to $1.31 in Q1 2026 Adjusted net loss (non-GAAP)(2) attributable to Daqo New Energy Corp. shareholders was $81.2 million in Q2 2026, compared to $88.4 million in Q1 Adjusted loss per basic ADS(3) (non-GAAP)(2) was $1.20 in Q2 2026, compared to adjusted loss per basic ADS(3) (non-GAAP)(2) of $1.31 in Q1 2026; EBITDA (non-GAAP)(2) was negative $29.3 million in Q2 2026, compared to negative $83.1 million in Q1 2026; EBITDA margin (non-GAAP)(2) was negative 46.8% in Q2 2026, compared to negative 311.1% in Q1 2026 Three months ended US$ millions except as indicated otherwise Jun. 30, 2026 Mar. 31, 2026 Jun. 30, 2025 Revenues 62.7 26.7 75.2 Gross loss (82.7) (139.4) (81.4) Gross margin (132.0) % (521.5) % (108.3) % Loss from operations (98.1) (150.8) (115.0) Net loss attributable to Daqo New Energy Corp. shareholders (81.2) (88.4) (76.5) Loss per basic ADS(3) ($ per ADS) (1.20) (1.31) (1.14) Adjusted net loss (non-GAAP)(2) attributable to Daqo New Energy Corp. shareholders (81.2) (88.4) (57.9) Adjusted loss per basic ADS(3) (non-GAAP)(2) ($ per ADS) (1.20) (1.31) (0.86) EBITDA (non-GAAP)(2) (29.3) (83.1) (48.2) EBITDA margin (non-GAAP)(2) (46.8) % (311.1) % (64.0) % Polysilicon sales volume (MT) 15,190 4,482 18,126 Polysilicon average total production cost ($/kg)(1) 5.95 5.95 7.26 Polysilicon average cash cost (excl.

SHANGHAI, Aug. 6, 2026 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy" or the "Company"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced it will release its unaudited financial results for the second quarter ended June 30, 2026, before U.S. markets open on Thursday, August 20, 2026. The Company will hold a conference call to discuss the financial results at 8:00 AM U.S. Eastern Time on Thursday, August 20, 2026 (8:00 PM Beijing / Hong Kong time on the same day).