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Daqo New Energy (DQ) earnings
Daqo New Energy earnings: last reported Thu, 20 Aug 2026, for the quarter ended Jun 2026.
Daqo New Energy earnings callsDaqo New Energy earnings calls (DQ)
Latest concall · Q2 2026 · call held call held 20 Aug 2026
Daqo New Energy Q2 FY26 — Navigating Polysilicon Downturn with AI/DC Expansion
What went well
- Total polysilicon production volume exceeded guidance, reaching 43,675 metric tons (guidance 35,000-40,000 MT).
- Maintained a robust balance sheet with $1.9 billion in liquid convertible assets and zero debt as of June 30, 2026.
- Sequential increase in revenue to $62.7 million from $26.7 million in Q1 FY26, driven by increased sales volume.
What to watch
- Polysilicon market prices remained below production cost since Q1 FY26, with ASP falling to $4.04 per kg in Q2 FY26.
- Reported a gross loss of $82.7 million and an operating loss of $98 million in Q2 FY26.
Performance −59.7% 1Y
1Y: $28.36 on 29 Sept 2025 → $11.43. High $35.69 (10 Nov 2025), low $10.9 (28 Sept 2026).
Balance sheet
| Year ending | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Reserves | $330.12M | $1.08B | $2.90B | $3.33B | $2.98B | $2.81B |
| Total liabilities | $440.23M | $679.82M | $989.49M | $978.58M | $560.38M | $533.01M |
| Fixed assets | $1.03B | $1.56B | $2.61B | $3.63B | $3.50B | $3.40B |
| Investments | $0 | $280.25M | $13.93M | $0 | — | — |
| Total assets | $1.24B | $3.34B | $7.59B | $7.43B | $6.42B | $6.45B |
How to read this
As filed on each reporting date, including interim balance sheets. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Insider filings
No filings in the last 12 months.
No officer, director or 10% owner of DQ filed a Form 4 in this window. That is a statement about filings, not about ownership — see the note below.
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.