Daqo New Energy Announces Unaudited Second Quarter 2026 Financial Results
Daqo New Energy reported Q2 revenue of $62.7 million, more than doubling sequentially from $26.7 million, though remaining down 16.6% year-over-year. Net loss attributable to shareholders was $81.2 million, or $1.20 per ADS, an improvement from the prior quarter's $88.4 million loss. Gross margin remained deeply negative at -132.0% as average selling prices of $4.04/kg continued to trail production costs of $5.95/kg. However, operating metrics improved sequentially with EBITDA margin narrowing to -46.8% from -311.1% in Q1 2026.
Key figures
- Revenue
- 62700000
- Guidance
- Q3 2026 production volume 40,000-45,000 MT; FY 2026 production volume 160,000-180,000 MT
- Cash balance usd
- 555300000
- Total liquidity usd
- 1920000000
- Polysilicon asp per kg
- 4.04
- Polysilicon sales volume mt
- 15190
- Polysilicon cash cost per kg
- 4.57
- Polysilicon production volume mt
- 43675
AI analysis
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