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Daqo New Energy narrows Q3 loss with higher polysilicon sales and cost cuts, expects steady Q4 production.

Company Fundamentals
27 Oct 2026, 13:00 WIB
PRNewsWire
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Bearish
Daqo New Energy narrows Q3 loss with higher polysilicon sales and cost cuts, expects steady Q4 production.

Daqo New Energy reported a narrower net loss of $52.9 million in Q3 2026, improving from $81.2 million in Q2, driven by a sharp rise in polysilicon sales volume to 46,910 MT and reduced production costs. Revenue jumped to $194.2 million from $62.7 million in Q2, while gross margin improved though still negative at -31.2%. The company maintains a strong cash position of $2.06 billion and plans Q4 polysilicon production between 35,000 to 45,000 MT. It is also diversifying into AI data center power infrastructure to reduce solar market cyclicality, signaling confidence in long-term solar industry growth despite near-term challenges.

Daqo New Energy's Q3 2026 financial results provide context for readers. As of Oct 27, 2026 16:41 WIB, among 83 priced Basic Materials-sector US stocks tradable on Pluang, 33 rose and 42 fell. Notable movers include Sibanye Stillwater Ltd (SBSW) at USD 9.15 with a 1-day change of -1.72% and 100% buy order activity, Trekor Metals Limited (TGB) at USD 7.78 up 1.70% with 100% buy orders, and Silvercorp Metals Inc. (SVM) at USD 8.09 down 1.58%.

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