Recent Updates — DQ

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.

Daqo New Energy Corp. reported unaudited financial results for the second quarter ended June 30, 2026, revealing a net loss of $81.2 million and revenue of $62.7 million. The company sold 15,190 metric tons of polysilicon at an average selling price of $4.04 per kilogram, while maintaining a total production cost of $5.95 per kilogram. Cash and short-term investments totaled $1.92 billion, with zero debt on the balance sheet. Management noted that sales resumed in June following a period of restricted activity due to below-cost pricing conditions, and provided third-quarter production guidance of 40,000 to 45,000 metric tons. Daqo New Energy Corp. is a leading manufacturer of high-purity polysilicon for the global solar photovoltaic industry.