Daqo New Energy

DQ

Market cap $1.6B

Daqo New Energy Corp. (DQ) Q4 2025 Earnings Call Transcript

Daqo New Energy (DQ) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to a loss of $2.71 per share a year ago.

SHANGHAI, Feb. 26, 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 fourth quarter and fiscal year ended December 31, 2025. Fourth Quarter 2025 Financial and Operating Highlights Total cash, short-term investments, bank notes receivable and fixed term bank deposit balance was $2.27 billion at the end of Q4 2025, compared to $2.21 billion at the end of Q3 2025 Polysilicon production volume was 42,181 MT in Q4 2025, compared to 30,650 MT in Q3 2025 Polysilicon sales volume was 38,167 MT in Q4 2025, compared to 42,406 MT in Q3 2025 Polysilicon average total production cost(1) was $5.83/kg in Q4 2025, compared to $6.38/kg in Q3 2025 Polysilicon average cash cost(1) was $4.46/kg in Q4 2025, compared to $4.54/kg in Q3 2025 Polysilicon average selling price (ASP) was $5.83/kg in Q4 2025, compared to $5.80/kg in Q3 2025 Revenue was $221.7 million in Q4 2025, compared to $244.6 million in Q3 2025 Gross profit was $15.4 million in Q4 2025, compared to $9.7 million in Q3 2025; gross margin was 7.0% in Q4 2025, compared to 3.9% in Q3 2025 Net loss attributable to Daqo New Energy Corp. shareholders was $7.3 million in Q4 2025, compared to $14.9 million in Q3 2025; loss per basic American Depositary Share (ADS)(3) was $0.11 in Q4 2025, compared to $0.22 in Q3 2025 Adjusted net loss (non-GAAP)(2) attributable to Daqo New Energy Corp. shareholders was $7.3 million in Q4 2025, compared to adjusted net income (non-GAAP)(2) attributable to Daqo New Energy Corp. shareholders of $3.7 million in Q3 2025 Adjusted loss per basic ADS(3) (non-GAAP)(2) was $0.11 in Q4 2025, compared to adjusted earnings per basic ADS(3) (non-GAAP)(2) of $0.05 in Q3 2025; EBITDA (non-GAAP)(2) was $52.5 million in Q4 2025, compared to $45.8 million in Q3 2025; EBITDA margin (non-GAAP)(2) was 23.7% in Q4 2025, compared to 18.7% in Q3 2025   Three months ended US$ millions except as indicated otherwise Dec. 31, 2025 Sep. 30, 2025 Dec. 31, 2024 Revenues 221.7 244.6 195.4 Gross profit/(loss) 15.4 9.7 (65.3) Gross margin 7.0 % 3.9 % (33.4) % Loss from operations (20.9) (20.3) (300.9) Net loss attributable to Daqo New Energy Corp. shareholders (7.3) (14.9) (180.2) Loss per basic ADS(3) ($ per ADS) (0.11) (0.22) (2.71) Adjusted net (loss)/income (non-GAAP)(2) attributable to Daqo New Energy Corp. shareholders (7.3) 3.7 (170.6) Adjusted (loss)/earnings per basic ADS(3) (non-GAAP)(2) ($ per ADS)  (0.11) 0.05 (2.56) EBITDA (non-GAAP)(2) 52.5 45.8 (235.1) EBITDA margin (non-GAAP)(2) 23.7 % 18.7 % (120.3) % Polysilicon sales volume (MT)  38,167 42,406 42,191 Polysilicon average total production cost ($/kg)(1) 5.83 6.38 6.81 Polysilicon average cash cost (excl.

SHANGHAI, Feb. 12, 2026 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy" or the "Company"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced it plans to release its unaudited financial results for fourth quarter and fiscal year ended December 31, 2025, before U.S. markets open on Thursday, February 26, 2026. The Company has scheduled a conference call to discuss the results at 8:00 AM U.S. Eastern Time on Thursday, February 26, 2026 (9:00 PM Beijing / Hong Kong time on the same day).

SHANGHAI, Jan. 16, 2026 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy" or the "Company"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that its subsidiary Xinjiang Daqo New Energy ("Xinjiang Daqo") has provided an estimate of its net loss for the fiscal year ended December 31, 2025 to the Shanghai Stock Exchange. Xinjiang Daqo estimates that under PRC GAAP, its net loss attributable to Xinjiang Daqo's shareholders in FY2025 will be in the range of RMB1.0~1.3 billion, compared to net loss attributable to Xinjiang Daqo's shareholders of RMB2.7 billion in FY2024.

Here is how Daqo New Energy (DQ) and FTC Solar (FTCI) have performed compared to their sector so far this year.

SHANGHAI , Nov. 18, 2025 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo" or the "Company"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that it will hold its annual general meeting (the "AGM") at Daqo New Energy Corp. Shanghai Office, 29th Floor, Huadu Building, No. 838, Zhangyang Road, Pudong District, Shanghai 200122, People's Republic of China on December 12, 2025 at 10:00 AM (Beijing time).

Here is how Daqo New Energy (DQ) and Orla Mining Ltd. (ORLA) have performed compared to their sector so far this year.

Daqo reported its third-quarter results this morning, and its performance was better than what Wall Street expected. The business posted an adjusted profit, and sales came in well above the anticipated level.

Daqo New Energy Corp. (NYSE:DQ ) Q3 2025 Earnings Call October 27, 2025 8:00 AM EDT Company Participants Jessie Zhao Anita Zhu - Investor Relations Director Ming Yang - Chief Financial Officer Conference Call Participants Philip Shen - ROTH Capital Partners, LLC, Research Division Alan Lau - Jefferies LLC, Research Division Mengwen Wang - Goldman Sachs Group, Inc., Research Division Gordon Johnson - GLJ Research, LLC Presentation Operator Hello, and welcome to the Daqo New Energy Third Quarter 2025 Results Conference Call. [Operator Instructions] Please note this event is being recorded.