DAQO New Energy (NYSE:DQ) Releases Quarterly Earnings Results, Misses Estimates By $0.07 EPS

DAQO New Energy (NYSE:DQ) announced its quarterly earnings data on Thursday. The semiconductor company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.07), Zacks reports. The firm had revenue of $221.71 million for the quarter, compared to analysts’ expectations of $276.94 million. DAQO New Energy had a negative net margin of 25.62% and a negative return on equity of 2.93%.

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 Price Performance

NYSE DQ opened at $24.12 on Friday. DAQO New Energy has a 1-year low of $12.40 and a 1-year high of $36.59. The firm has a market capitalization of $1.62 billion, a P/E ratio of -9.50 and a beta of 0.70. The business’s 50-day simple moving average is $26.45 and its 200-day simple moving average is $27.84.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP acquired a new stake in shares of DAQO New Energy in the third quarter worth $26,000. Headlands Technologies LLC acquired a new stake in DAQO New Energy in the 2nd quarter valued at $29,000. EFG International AG acquired a new stake in DAQO New Energy in the 4th quarter valued at $112,000. Brooklyn Investment Group lifted its stake in shares of 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 purchasing an additional 7,613 shares in the last quarter. Finally, Vise Technologies Inc. acquired a new position in shares of DAQO New Energy during the third quarter worth about $225,000. 47.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DQ has been the topic of several analyst reports. New Street Research set a $18.13 price objective on DAQO New Energy in a report on Tuesday, February 3rd. Glj Research cut DAQO New Energy from a “buy” rating to a “sell” rating and lowered their price target for the company from $30.51 to $18.13 in a report on Tuesday, February 3rd. Wall Street Zen upgraded shares of DAQO New Energy from a “sell” rating to a “hold” rating in a report on Monday, November 3rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of DAQO New Energy in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, DAQO New Energy presently has a consensus rating of “Hold” and an average price target of $25.43.

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.