DAQO New Energy (NYSE:DQ) Announces Quarterly Earnings Results

DAQO New Energy (NYSE:DQ) issued its quarterly earnings results on Thursday. The semiconductor company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07), Zacks reports. DAQO New Energy had a negative return on equity of 5.89% and a negative net margin of 53.74%.The firm had revenue of $221.71 million during the quarter, compared to analyst estimates of $276.94 million.

Here are the key takeaways from DAQO New Energy’s conference call:

• Q4/2025 showed a financial turnaround with positive EBITDA of $1.7 million, a narrowed net loss attributable to shareholders of $170.5 million, and the company reporting positive operating cash flow for 2025 (company cited roughly $56–66 million).
• Unit costs improved materially — Q4 record low cash cost of $4.46/kg and total production cost of $5.83/kg — and management expects similar Q1/Q2 levels with further reductions in H2 2026.
• Balance sheet strength: the company reported $980 million in cash plus short-term investments, notes and deposits totaling about $2.27 billion of highly liquid assets and no debt, giving strategic flexibility.
• Regulatory and market outlook remains a key driver and uncertainty — China’s “anti-involution” policies, new pricing/energy standards and industry consolidation (SPV activity) aim to curb below-cost selling and excess capacity; management expects a price floor near RMB 53–54/kg and 2026 production guidance of 140,000–170,000 MT, but implementation is multi-year and outcomes are uncertain.

DAQO New Energy Stock Down 5.5%

NYSE:DQ traded down $1.37 during trading hours on Thursday, reaching $23.73. 1,068,504 shares of the stock were exchanged, compared to its average volume of 617,083. The stock has a market capitalization of $1.59 billion, a P/E ratio of -4.62 and a beta of 0.70. The firm has a 50 day simple moving average of $26.62 and a 200-day simple moving average of $27.82. DAQO New Energy has a 52 week low of $12.40 and a 52 week high of $36.59.

Analyst Ratings Changes

Several research firms recently issued reports on DQ. Weiss Ratings reiterated a “sell (d-)” rating on shares of DAQO New Energy in a report on Monday, December 29th. The Goldman Sachs Group set a $18.30 target price on DAQO New Energy and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Glj Research cut shares of DAQO New Energy from a “buy” rating to a “sell” rating and reduced their price target for the stock from $30.51 to $18.13 in a research report on Tuesday, February 3rd. Wall Street Zen raised shares of DAQO New Energy from a “sell” rating to a “hold” rating in a research note on Monday, November 3rd. Finally, New Street Research set a $18.13 target price on shares of DAQO New Energy in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $25.43.

Institutional Investors Weigh In On DAQO New Energy

Large investors have recently made changes to their positions in the company. Quarry LP purchased a new position in DAQO New Energy during the third quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new stake in shares of DAQO New Energy in the 2nd quarter valued at $29,000. EFG International AG bought a new stake in DAQO New Energy in the fourth quarter worth $112,000. Brooklyn Investment Group increased its position in DAQO New Energy by 17,302.3% during the third quarter. Brooklyn Investment Group now owns 7,657 shares of the semiconductor company’s stock worth $215,000 after buying an additional 7,613 shares during the last quarter. Finally, Vise Technologies Inc. bought a new position in shares of DAQO New Energy in the 3rd quarter valued at approximately $225,000. Institutional investors and hedge funds own 47.22% of the company’s stock.

About DAQO New Energy

DAQO New Energy Corp. operates as a leading manufacturer of high-purity polysilicon and monocrystalline silicon wafers for the global solar photovoltaic industry. The company focuses on serving module makers and integrated solar producers with critical upstream materials, applying proprietary technologies and optimized processes to achieve high product purity and consistently low production costs. Its core offerings include solar-grade polysilicon—used in the ingot casting and wafer slicing stages—and premium mono-silicon wafers, which are a key input for high-efficiency solar cell production.

Founded in the late 2000s and listed on the New York Stock Exchange in 2010, DAQO New Energy established its first polysilicon facility in China’s Xinjiang Uygur Autonomous Region.