Daqo New Energy Reports Revenue Growth and Narrowing Losses in Q3 2026
Daqo New Energy Corp. (DQ) reported a significant sequential increase in revenue to $194.2 million for the third quarter of 2026, up from $62.7 million in the previous quarter. This growth was driven by a strategic shift toward market-oriented pricing, which resulted in polysilicon sales volumes jumping to 46.9 thousand metric tons from 15.2 thousand metric tons in Q2. Despite the revenue surge, the company remains unprofitable with a net loss of $52.9 million and a negative gross margin of 31%. However, financial health is improving as losses narrow compared to the prior quarter. Management noted that while production costs have reached record lows due to manufacturing efficiencies, high industry-wide inventory levels continue to create a challenging operating environment.
Tickers: $DQ
Topics: Financial Guidance Gross Margin Improvement Net Loss Reduction Polysilicon Production Revenue Growth
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