Daqo Narrows Q3 Loss to $52.9M as Polysilicon Sales Triple
SHANGHAI – October 28, 2026 -- Daqo New Energy Corp. (NYSE: DQ) cut its third-quarter 2026 net loss attributable to shareholders to $52.9 million from $81.2 million in Q2, as polysilicon sales volume tripled to 46,910 MT from 15,190 MT. Revenue rose to $194.2 million from $62.7 million in the prior quarter, though it remained below the $244.6 million booked in Q3 2025.
Gross loss narrows to $60.6 million as impairment provisions fall
Gross margin improved to negative 31.2% from negative 132.0% in Q2. In Q3 2025 the company posted a gross profit of $9.7 million, a 3.9% margin. The company attributed the sequential improvement to higher selling prices, lower production costs and lower inventory impairment provisions, which fell to $30.9 million from $55.7 million. EBITDA was negative $9.2 million, against negative $29.3 million in Q2. Loss per basic ADS was $0.78, compared with $1.20 in Q2.