Daqo New Energy stock reports Q2 revenue growth as losses persist

Published on 09/30/2026 at 10:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Daqo New Energy stock posted USD 62.70 million in Q2 2026 revenue, up 135.00 percent sequentially. The quarter still brought a USD 81.00 million net loss.

DQ, KYG2707N1046, Illustration mit AI erstellt.

Daqo New Energy (ISIN KYG2707N1046) generated USD 62.70 million in revenue in the second quarter of 2026, up from USD 26.70 million in the first quarter. The result shows a sharp volume recovery, but losses remained the central issue for the polysilicon producer.

Revenue rebounds in Q2

According to the Yahoo Finance transcript dated August 20, 2026, second-quarter revenue rose 135.00 percent from the first quarter but fell 16.00 percent from the second quarter of 2025. Higher sales volume drove the sequential increase after Daqo resumed normal sales activity in June.

The improvement did not restore profitability. Daqo reported a USD 81.00 million net loss attributable to shareholders, compared with USD 88.00 million in the first quarter, while gross margin improved to negative 132.00 percent from negative 520.00 percent.

Costs remain above selling prices

Bernreuter Research reported on September 1, 2026, that Daqo sold 15,190 metric tons in Q2, up 239.00 percent from 4,482 metric tons in Q1. However, its average selling price was USD 4.04 per kilogram against production costs of USD 5.95 per kilogram.

Production reached 43,675 metric tons in Q2, leaving output well above sales volume. Bernreuter Research said first-half inventories swelled by 67,405 metric tons, a gap that keeps pricing and inventory discipline critical for the next results.

Analysts keep a cautious view

According to MarketBeat on September 29, 2026, six analysts carried a consensus Reduce rating and an average 12-month price target of USD 15.83. Goldman Sachs had set a USD 10.00 target, while JPMorgan had cut its target to USD 22.00.

Daqo's own production guidance calls for 40,000-45,000 metric tons in Q3 2026 and 160,000-180,000 metric tons for the full year. The range gives investors a concrete operating benchmark while the company works through weak polysilicon pricing.

NYSE quote stays under pressure

Daqo New Energy was last at USD 11.34 on the NYSE on September 29, 2026 at 4:00 p.m. ET. Its 52-week range was USD 10.87-36.59, and market capitalization was USD 767.3 million as of September 29, 2026.