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PRNewsWire
2 days ago
Daqo New Energy Announces Unaudited Third Quarter 2026 Financial Results
SHANGHAI, Oct. 27, 2026 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy," the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced its unaudited financial results for the third quarter ended September 30, 2026. Third Quarter 2026 Financial and Operating Highlights Aggregate of cash, short-term investments, bank notes receivable, held-to-maturity investments and fixed-term bank deposit balance was $2.06 billion at the end of Q3 2026, compared to $1.92 billion at the end of Q2 2026 Polysilicon production volume was 53,469 MT in Q3 2026, compared to 43,675 MT in Q2 2026 Polysilicon sales volume was 46,910 MT in Q3 2026, compared to 15,190 MT in Q2 2026 Polysilicon average total production cost(1) was $5.37/kg in Q3 2026, compared to $5.95/kg in Q2 2026 Polysilicon average cash cost(1) was $4.23/kg in Q3 2026, compared to $4.57/kg in Q2 2026 Polysilicon average selling price (ASP) was $4.12/kg in Q3 2026, compared to $4.04/kg in Q2 2026 Revenue was $194.2 million in Q3 2026, compared to $62.7 million in Q2 2026 Gross loss was $60.6 million in Q3 2026, compared to $82.7 million in Q2 2026; gross margin was negative 31.2% in Q3 2026, compared to negative 132.0% in Q2 2026 Net loss attributable to Daqo New Energy Corp. shareholders was $52.9 million in Q3 2026, compared to $81.2 million in Q2 2026; loss per basic American Depositary Share (ADS)(3) was $0.78 in Q3 2026, compared to $1.20 in Q2 2026 Adjusted net loss (non-GAAP)(2) attributable to Daqo New Energy Corp. shareholders was $52.9 million in Q3 2026, compared to $81.2 million in Q2 2026 Adjusted loss per basic ADS(3) (non-GAAP)(2) was $0.78 in Q3 2026, compared to $1.20 in Q2 2026; EBITDA (non-GAAP)(2) was negative $9.2 million in Q3 2026, compared to negative $29.3 million in Q2 2026; EBITDA margin (non-GAAP)(2) was negative 4.7% in Q3 2026, compared to negative 46.8% in Q2 2026 Three months ended US$ millions except as indicated otherwise Sep. 30,2026 Jun. 30,2026 Sep. 30,2025 Revenues 194.2 62.7 244.6 Gross (loss) profit (60.6) (82.7) 9.7 Gross margin (31.2) % (132.0) % 3.9 % Loss from operations (78.6) (98.1) (20.3) Net loss attributable to Daqo New Energy Corp.shareholders (52.9) (81.2) (14.9) Loss per basic ADS(3) ($ per ADS) (0.78) (1.20) (0.22) Adjusted net (loss) profit (non-GAAP)(2) attributableto Daqo New Energy Corp. shareholders (52.9) (81.2) 3.7 Adjusted (loss) earnings per basic ADS(3) (non-GAAP)(2) ($ per ADS) (0.78) (1.20) 0.05 EBITDA (non-GAAP)(2) (9.2) (29.3) 45.8 EBITDA margin (non-GAAP)(2) (4.7) % (46.8) % 18.7 % Polysilicon sales volume (MT) 46,910 15,190 42,406 Polysilicon average total production cost ($/kg)(1) 5.37 5.95 6.38 Polysilicon average cash cost (excl.
