Daqo New Energy stock faces a Q2 loss despite higher revenue
Published on 10/04/2026 at 19:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Daqo New Energy (ISIN US23703Q2030) was last at USD 11.00 on the NYSE on October 2, 2026 at 4:00 p.m. ET, down 1.35 percent for the session. The latest results showed USD 62.7 million in second-quarter revenue, as The Globe and Mail reported on August 20, 2026.
Q2 revenue rebounds, losses remain
According to The Globe and Mail, Q2 revenue rose 135 percent from USD 26.7 million in Q1 2026 but fell from USD 75.0 million in Q2 2025. The sequential improvement came with a net loss of USD 81.2 million, compared with USD 88.4 million in the previous quarter, while the loss per basic ADS improved from USD 1.31 to USD 1.20.
The operating picture remains difficult because polysilicon prices stayed below production costs during the quarter. Gross margin was negative 132 percent, compared with negative 520 percent in Q1 2026, and EBITDA improved to negative USD 29.3 million from negative USD 83.1 million.
Analysts see a higher value
MarketBeat reported on October 1, 2026 that Zacks Research raised its rating from Strong Sell to Hold. The broader consensus was Reduce across six analysts, with an average price target of USD 15.83, placing the target 43.9 percent above the October 2 price of USD 11.00.
The consensus also shows why the earnings recovery remains central to the stock story. The latest quarterly loss missed the USD 0.57 consensus estimate by USD 0.63, even though revenue exceeded the USD 52.93 million estimate, according to MarketBeat.
Solar pricing tests the recovery
Management guided to Q3 2026 polysilicon production of 40,000 to 45,000 metric tons and full-year production of 160,000 to 180,000 metric tons in the August 20 earnings call, according to Yahoo Finance. The company also described artificial intelligence data center power infrastructure as a second growth area alongside polysilicon.
That strategy is paired with a balance-sheet cushion. Cash and cash equivalents stood at USD 555.3 million on June 30, 2026, while the call described total readily convertible assets of USD 1.9 billion and zero debt, according to Yahoo Finance.
Stock stays near yearly low
Daqo New Energy was last at USD 11.00 on the NYSE on October 2, 2026, just 1.2 percent above its 52-week low of USD 10.87. The company had a market capitalization of USD 744.3 million and trading volume of 261,903 shares on that date.
Daqo New Energy stock facts
- Company: Daqo New Energy Corp.
- ISIN: US23703Q2030
- Ticker: DQ
- Trading venue: NYSE
- Price (as of October 2, 2026, 4:00 p.m. ET): USD 11.00
- Market capitalization: USD 744.3 million (as of October 2, 2026)
- 52-week range: USD 10.87-36.59 (as of October 2, 2026)
- Sector / Industry: Technology / Semiconductors
