DAQO New Energy (DQ) News Today

DAQO New Energy Corp. (NYSE: DQ) shares have decreased as investors focus on a substantially wider-than-expected quarterly loss and continued weakness in polysilicon pricing. Although sales volume rebounded sharply, average selling prices remained below production costs, leaving the company unprofitable.

• Positive Sentiment: Polysilicon sales volume recovered: Q2 sales increased to 15,190 metric tons from 4,482 metric tons in Q1, helping revenue rise to $62.7 million from $26.7 million. Why Did Daqo New Energy Sales Volume Rebound This Quarter?
• Positive Sentiment: Losses improved sequentially: Net loss narrowed to $81.2 million, or $1.20 per ADS, from $88.4 million, or $1.31 per ADS, in Q1. EBITDA also improved to negative $29.3 million from negative $83.1 million. Daqo New Energy Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Strong liquidity remains a buffer: Cash, investments and related liquid assets totaled approximately $1.92 billion at quarter-end, supporting the company through the industry downturn. Daqo also expects 2026 polysilicon production of 160,000–180,000 metric tons, potentially positioning it to benefit from future solar and AI data-center-related demand. Daqo Projects 2026 Polysilicon Output
• Neutral Sentiment: Production was stable: Q2 output was 43,675 metric tons versus 43,402 metric tons in Q1, while cash production costs edged down to $4.57 per kilogram. However, the company’s total production cost remained $5.95 per kilogram. Daqo New Energy Q2 Results Presentation
• Negative Sentiment: Earnings missed sharply: Daqo reported a $1.20-per-ADS loss, worse than the roughly $0.57 consensus estimate, despite revenue exceeding expectations. Daqo Reports Q2 Loss
• Negative Sentiment: Polysilicon economics deteriorated: The average selling price fell to $4.04 per kilogram from $5.96 in Q1—well below total production cost—driving a gross loss of $82.7 million and a negative 132% gross margin. Analysts characterize the polysilicon market as increasingly oversupplied and pressured. Daqo New Energy in a Negative Polysilicon Market