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Daqo New Energy narrows Q2 losses with higher polysilicon sales despite price drops, plans steady production in Q3 2026.

Company Fundamentals
20 Aug 2026
PRNewsWire
View Source
Bearish
pluang ai news

Daqo New Energy reported a narrower net loss of $81.2 million in Q2 2026, improving from $88.4 million in Q1, driven by a significant increase in polysilicon sales volume to 15,190 MT from 4,482 MT. Despite a drop in average selling price to $4.04/kg, the company maintained stable production costs and resumed sales after a cautious market period. It holds a strong liquidity position with $1.9 billion in readily convertible assets and plans to produce 40,000-45,000 MT of polysilicon in Q3 2026. The company is also diversifying into AI data center power infrastructure to hedge against solar market cyclicality.

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