Earnings ·
Reports Q3 loss of $52.9M on $194.2M revenue as polysilicon shipments rise to 46,910 MT
DQDaqo New Energy Corp.
Daqo New Energy reported a net loss attributable to shareholders of $52.9 million for the third quarter ended September 30, 2026, compared to an $81.2 million loss in the second quarter. Revenue increased sequentially to $194.2 million from $62.7 million, driven by a sharp rise in polysilicon sales volume to 46,910 metric tons from 15,190 metric tons. The company maintained zero debt and held $2.06 billion in liquid assets at quarter-end. Management noted that while the sector bottomed out due to anti-involution policies, weak downstream demand kept trading volumes low. Daqo New Energy is a leading manufacturer of high-purity polysilicon for the global solar PV industry.