Earnings summaries and quarterly performance for DAQO NEW ENERGY.
Research analysts who have asked questions during DAQO NEW ENERGY earnings calls.
Alan Hon
JPMorgan Chase & Co.
3 questions for DQ
Gordon Johnson
GLJ Research
3 questions for DQ
Also covers: CCJ, ENPH
PS
Philip Shen
ROTH MKM
3 questions for DQ
Also covers: ARRY, CSIQ, ENPH +12 more
Alan Lau
Jefferies LLC
2 questions for DQ
Also covers: CSIQ, EH, JKS
MI
Matthew Ingraham
Roth MKM
2 questions for DQ
Also covers: JKS
MW
Mengwen Wang
Goldman Sachs
2 questions for DQ
MW
Ming Wang
Goldman Sachs
2 questions for DQ
Phil Shen
ROTH Capital
2 questions for DQ
Also covers: ENPH, PWR
ZH
Zihui Hu
CICC
2 questions for DQ
AL
Alan Lang
Jefferies
1 question for DQ
Alan Young
Jefferies
1 question for DQ
RC
Rajiv Chaudhri
Sentara Capital
1 question for DQ
Also covers: JKS
WL
W. L. Hon
JPMorgan Chase & Co.
1 question for DQ
Recent press releases and 8-K filings for DQ.
Xinjiang Daqo Provides Preliminary FY2025 Net Loss Estimate
DQ
Earnings
Profit Warning
Guidance Update
- Daqo New Energy's subsidiary, Xinjiang Daqo New Energy, has provided a preliminary estimate of its net loss attributable to shareholders for FY2025.
- The estimated net loss for FY2025 shows an improvement compared to the previous fiscal year.
- Daqo New Energy beneficially owns approximately 72.8% of Xinjiang Daqo, which contributes the majority of the parent company's revenue and net income.
- This estimate is preliminary, prepared under PRC GAAP, and is subject to change upon completion of internal financial closing.
| Metric | FY 2024 | FY 2025 (Estimate) |
|---|---|---|
| Net Loss attributable to Xinjiang Daqo's shareholders (RMB Billions) | 2.7 | 1.0 - 1.3 |
Jan 16, 2026, 11:33 AM
Daqo New Energy's Subsidiary Xinjiang Daqo Provides Preliminary Estimate of Net Loss for FY2025
DQ
Earnings
Profit Warning
Guidance Update
- Daqo New Energy's subsidiary, Xinjiang Daqo, estimates a net loss attributable to its shareholders of RMB1.0~1.3 billion for the fiscal year ended December 31, 2025, under PRC GAAP.
- This preliminary estimate for FY2025 represents an improvement from the RMB2.7 billion net loss reported by Xinjiang Daqo for FY2024.
- Xinjiang Daqo, of which Daqo New Energy beneficially owns approximately 72.8%, contributes the majority of the parent company's revenue and net income.
- Investors should exercise caution as this estimated net loss is preliminary and subject to change upon completion of Xinjiang Daqo's internal financial closing and reporting process.
Jan 16, 2026, 11:00 AM
Daqo New Energy Announces Q3 2025 Results with Revenue and Profitability Rebound
DQ
Earnings
Revenue Acceleration/Inflection
Guidance Update
- Daqo New Energy reported a significant financial recovery in Q3 2025, with revenue increasing to $244.6 million from $75.2 million in Q2 2025.
- The company achieved a gross profit of $9.7 million (3.9% gross margin) in Q3 2025, a recovery from a gross loss of $81.4 million (-108.3% gross margin) in Q2 2025.
- Net loss attributable to shareholders narrowed to $14.9 million ($0.22 loss per basic ADS) in Q3 2025, a substantial improvement from a $76.5 million net loss ($1.14 loss per basic ADS) in Q2 2025.
- Operational performance improved with polysilicon sales volume reaching 42,406 MT in Q3 2025, up from 18,126 MT in Q2 2025, and the average selling price (ASP) rising to $5.80/kg from $4.19/kg.
- For Q4 2025, the company anticipates polysilicon production volume to be between 39,500 MT and 42,500 MT, contributing to a full-year 2025 production forecast of 121,000 MT to 124,000 MT.
Oct 27, 2025, 12:37 PM
Daqo New Energy Reports Return to Profitability in Q3 2025 Amidst Market Recovery
DQ
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Daqo New Energy reported a return to profitability in Q3 2025 with adjusted net income of $3.7 million and EBITDA of $45.8 million, alongside a significant increase in revenue to $244.6 million.
- The company maintained a strong financial position with $2.21 billion in total bank deposits and financial investment assets as of September 30, 2025.
- Polysilicon sales volume increased to 42,406 MT in Q3 2025, up from 18,126 MT in Q2 2025, with the average selling price (ASP) rebounding to $5.80/kg from $4.19/kg in the prior quarter.
- For Q4 2025, Daqo New Energy expects polysilicon production volume to be between 39,500 MT and 42,500 MT, leading to a full-year 2025 production forecast of 121,000 MT to 124,000 MT.
- Management noted a gradual recovery in the solar PV market, with polysilicon prices rebounding significantly due to industry initiatives and new energy consumption standards in China aimed at curbing overcapacity.
Oct 27, 2025, 12:00 PM
DQ New Energy Reports Positive Q3 2025 EBITDA and Adjusted Net Income Amidst Market Recovery
DQ
Earnings
Guidance Update
Revenue Acceleration/Inflection
- DQ New Energy reported Q3 2025 revenues of $244.6 million, achieving a gross profit of $9.7 million (3.9% gross margin), positive EBITDA of USD 45.8 million, and adjusted net income of USD 3.7 million.
- Polysilicon production for the quarter was 30,650 metric tons, slightly above guidance, and sales volume sharply increased to 42,406 metric tons from 18,126 metric tons in the previous quarter.
- The company achieved significant cost reductions, with total production costs declining 12% to US$6.38 per kilogram and cash costs decreasing 11% to US$4.54 per kilogram in Q3 2025, marking the lowest cash cost in its history.
- DQ expects positive gross margins for Q4 2025 and anticipates full-year 2025 polysilicon production to be in the range of 121,000 to 124,000 metric tons.
- As of September 30, 2025, the company maintained a strong financial position with a cash balance of USD $552 million and USD 2.21 billion in bank deposits and financial investment assets readily convertible into cash.
Oct 27, 2025, 12:00 PM
Daqo New Energy Returns to Profitability in Q3 2025
DQ
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Daqo New Energy reported a significant financial recovery in Q3 2025, with revenues of $244.6 million, positive EBITDA of $45.8 million, and adjusted net income of $3.7 million, marking a return to positive gross margins of 3.9%.
- Polysilicon production for Q3 2025 reached 30,650 metric tons, and sales volume sharply increased to 42,406 metric tons, while total production costs declined by 12% to $6.38 per kilogram.
- The company anticipates Q4 2025 polysilicon production to be 39,500-42,500 metric tons, with full-year 2025 production between 121,000-124,000 metric tons, and expects Q4 gross margins to remain positive with further cost reductions.
- Polysilicon prices rebounded in Q3 2025 to RMB 49-RMB 55 per kilogram by quarter-end, driven by industry anti-involution initiatives and new energy consumption standards, with expectations for prices to rise to RMB 60-RMB 80 per kilogram after industry consolidation.
- As of September 30, 2025, Daqo New Energy maintained a strong financial position with $2.21 billion in bank deposits and financial investment assets readily convertible into cash. The share repurchase program is currently delayed pending clarity on industry consolidation investment.
Oct 27, 2025, 12:00 PM
Daqo New Energy Reports Q3 2025 Financial Turnaround with Positive EBITDA and Adjusted Net Income
DQ
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Daqo New Energy reported a significant financial turnaround in Q3 2025, achieving positive EBITDA of $45.8 million and adjusted net income of $3.7 million, driven by a sharp increase in revenues to $244.6 million and a gross margin of 3.9%.
- Operational performance improved with polysilicon sales volume more than doubling to 42,406 metric tons from the previous quarter, while total production costs decreased by 12% to $6.38 per kilogram, and cash costs reached a historical low of $4.54 per kilogram.
- The company anticipates continued positive gross margins for Q4 2025 and full-year 2026, with Q4 2025 polysilicon production guided between 39,500 to 42,500 metric tons, and expects polysilicon prices to rise further after industry consolidation.
- Daqo New Energy maintains a strong balance sheet with $2.21 billion in bank deposits and financial investment assets readily convertible into cash as of September 30, 2025.
Oct 27, 2025, 12:00 PM
Daqo New Energy Reports Positive Q3 2025 Results Amidst Polysilicon Market Recovery
DQ
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Daqo New Energy reported positive EBITDA of $45.8 million and adjusted net income of $3.7 million for Q3 2025, reflecting a recovery in the polysilicon market.
- The company achieved a significant increase in sales volume to 42,406 metric tons in Q3 2025, up from 18,126 metric tons in the prior quarter, and reduced its inventory to a healthy level.
- Operational efficiency improved, with total production costs declining 12% to $6.38 per kilogram and cash costs reaching a company-low of $4.54 per kilogram in Q3 2025.
- Daqo New Energy anticipates positive gross margins for Q4 2025 and projects full-year 2025 production volume between 121,000 and 124,000 metric tons.
- The polysilicon industry is experiencing a recovery, with prices rebounding and further increases expected due to ongoing consolidation efforts and new energy consumption standards in China.
Oct 27, 2025, 12:00 PM
Daqo New Energy Announces Q3 2025 Results
DQ
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Daqo New Energy reported revenue of $244.6 million in Q3 2025, a significant increase from $75.2 million in Q2 2025, with a net loss of $14.9 million and loss per basic ADS of $0.22, both improved from the previous quarter.
- The company's EBITDA turned positive at $45.8 million in Q3 2025, compared to -$48.2 million in Q2 2025, primarily due to a sharp rise in polysilicon sales volume to 42,406 MT and an increase in average selling price (ASP) to $5.80/kg.
- Polysilicon average total production cost decreased by 12% to $6.38/kg in Q3 2025 from $7.26/kg in Q2 2025, with cash cost reaching $4.54/kg, the lowest in the company's history.
- As of September 30, 2025, Daqo New Energy's total cash, short-term investments, bank notes receivable, and fixed term bank deposit balance stood at $2.21 billion.
- For Q4 2025, the company expects polysilicon production volume to be between 39,500 MT and 42,500 MT, with full-year 2025 production projected to be 121,000 MT to 124,000 MT.
Oct 27, 2025, 11:00 AM
Daqo New Energy Provides Update on Subsidiary's Litigation Event
DQ
Legal Proceedings
- Xinjiang Daqo New Energy Co., Ltd., a subsidiary of Daqo New Energy, is involved in a contract dispute lawsuit with Xinjiang Xian'an New Materials Co., Ltd. and Xinjiang Dengbo New Energy Co., Ltd..
- The plaintiffs initially sought compensation of RMB1,958.5 million, later reduced to RMB742.7 million, for economic losses, primarily alleged consequential damages.
- In July 2024, the first instance court ordered Xinjiang Daqo to pay RMB3.16 million for losses and attorney fees, rejecting claims for consequential damages.
- Following an appeal and retrial, the first instance court's September 2025 verdict again ordered Xinjiang Daqo to pay RMB3.30 million and rejected consequential damages.
- The plaintiffs have recently appealed to the second instance court, requesting vacation of the retrial decision and seeking RMB744.9 million in economic losses, plus costs. The litigation's impact is contingent on the final verdict.
Oct 9, 2025, 12:21 PM
Quarterly earnings call transcripts for DAQO NEW ENERGY.
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