Daqo New Energy revenue rebounds to $194.2 million
Key points
- Daqo New Energy (NYSE:DQ) reported third-quarter 2026 revenue of $194.2 million, up from $62.7 million in the second quarter but below $244.6 million a year earlier.
- Net loss attributable to shareholders improved to $52.9 million from $81.2 million in Q2, although it remained above the $14.9 million loss recorded a year earlier.
- Daqo expects fourth-quarter production of 35,000–45,000 metric tons and full-year 2026 production of 175,000–185,000 metric tons as it evaluates lower utilization and explores AI data center power equipment manufacturing.
Daqo New Energy (NYSE:DQ) reported third-quarter 2026 revenue of $194.2 million as polysilicon shipments increased, narrowing its net loss to $52.9 million from $81.2 million in the previous quarter.
Revenue rose from $62.7 million in Q2 but remained below the $244.6 million reported in the third quarter of 2025, while the latest net loss exceeded the year-earlier loss of $14.9 million.
The company reported a net loss attributable to shareholders of $52.9 million, equivalent to a loss of $0.78 per basic American Depositary Share.
Polysilicon sales volume increased to 46,910 metric tons from 15,190 metric tons in Q2, while the average selling price rose to $4.12 per kilogram, remaining below the average cash production cost of $4.23 per kilogram.
Daqo reported $2.06 billion in cash, investments, bank notes receivable and fixed-term deposits, up from $1.92 billion at the end of Q2, and said it had zero debt.
The company expects fourth-quarter production of 35,000–45,000 metric tons and full-year 2026 production of 175,000–185,000 metric tons, while evaluating lower near-term utilization.
Daqo is also pursuing opportunities in AI data center power equipment manufacturing as it assesses its production levels amid continued pressure on polysilicon selling prices.
