Daqo New Energy (DQ) Q2 FY26 earnings call

Daqo New Energy navigated a challenging polysilicon market in Q2 FY26, marked by depressed prices and high industry inventory, resulting in continued losses despite increased sales volume. The company maintained a strong liquidity position and is actively diversifying into the high-growth AI data center power infrastructure market, leveraging its group's expertise. Management anticipates market recovery driven by new anti-dumping policies and capacity rationalization.