Daqo Q2 2026 Earnings Call Highlights Market Challenges, Sequential Financial Improvements
In its second-quarter earnings call for 2026, Daqo New Energy Corp. (DQ) reported a revenue of $62.7 million driven by increased sales volume following the resumption of normal operations in June. Despite this improvement, the company continued to face significant financial challenges with a gross loss of $82.7 million and a net loss of $81.2 million for the quarter. The polysilicon market remained under pressure due to weak demand and high inventory levels, leading to an average selling price (ASP) of $4.04 per kilogram—down from $5.96 in Q1 2026. Daqo produced 43,675 metric tons of polysilicon during the quarter but only sold 15,190 metric tons as it shifted to a market-oriented pricing strategy. The company's liquidity stood at $1.92 billion and provided production guidance for Q3 (40,000–45,000 metric tons) and FY 2026 (160,000–180,000 metric tons). Management also outlined plans to invest in next-generation energy solutions through its AIDC Phase 1 project.
Tickers: $DQ
Topics: ebitda gross_loss net_loss polysilicon_production revenue