Daqo Reports Increased Sales Volume and Strategic Diversification into AI Infrastructure
Daqo announced its third-quarter 2026 earnings, highlighting a significant rebound in sales volume to 46.9 thousand metric tons, up from 15.2 thousand metric tons in the previous quarter. This growth was driven by a strategic shift toward market-oriented pricing. Despite facing industry-wide headwinds and high inventory levels in the solar sector, the company maintains a strong financial position with $2.06 billion in cash assets and zero debt. To mitigate cyclical volatility in the polysilicon market, Daqo is diversifying into power infrastructure for AI data centers, including solid-state transformers and energy storage systems, with revenue expected to begin in 2027. Additionally, management plans to reduce fourth-quarter production volumes to help rebalance industry inventory levels.
Tickers: $DQ
Topics: capital expenditure cash reserves earnings report sales volume solar industry