Daqo New Energy Reports Key Highlights for 2025 Financial Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Should l Buy DQ?
Source: PRnewswire
- Revenue Decline: Daqo New Energy reported revenues of $665 million in 2025, a 35.4% decrease from $1.029 billion in 2024, primarily due to reduced sales volume and a 7.2% drop in average polysilicon prices.
- Narrowed Losses: Despite the revenue decline, the net loss attributable to Daqo New Energy shareholders was $170.5 million in 2025, significantly down from $345.2 million in 2024, indicating improvements in cost management.
- Positive EBITDA: The company achieved an EBITDA of $1.7 million in 2025, a remarkable turnaround from a negative $337.4 million in 2024, with EBITDA margin improving from negative 32.8% to 0.3%, reflecting enhanced operational efficiency.
- Cash Flow Improvement: Daqo generated $56.1 million in operating cash flow in 2025, a substantial recovery from a $435 million outflow in 2024, demonstrating stronger financial flexibility amid market recovery.
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Analyst Views on DQ
Wall Street analysts forecast DQ stock price to rise
2 Analyst Rating
1 Buy
0 Hold
1 Sell
Hold
Current: 25.580
Low
18.13
Averages
28.07
High
38.00
Current: 25.580
Low
18.13
Averages
28.07
High
38.00
About DQ
Daqo New Energy Corp is a holding company primarily engaged in the manufacturing of polysilicon. The Company utilizes the chemical vapor deposition process, or the modified Siemens process, to produce polysilicon. The Company manufactures and sells polysilicon to photovoltaic product manufacturers, whereby the polysilicon is processed into ingots, wafers, cells and modules for solar power solutions. The Company offers ready-to-use polysilicon, packaged to meet crucible stacking, pulling and solidification needs. The Company also offers wafers through its downstream photovoltaic product manufacturing business. The Company mainly conducts its businesses within domestic market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
DAQO New Energy Set to Release Q4 Earnings
- Earnings Announcement: DAQO New Energy is scheduled to announce its Q4 earnings on February 26 before market open, with a consensus EPS estimate of -$0.25, reflecting a significant year-over-year increase of 90.2%, indicating resilience in challenging market conditions.
- Revenue Growth Expectations: The anticipated revenue for Q4 is $276.94 million, representing a 41.7% year-over-year growth, which highlights the sustained demand in the renewable energy sector and could lay a solid foundation for future performance.
- Historical Performance Review: Over the past two years, DAQO has exceeded EPS estimates 50% of the time and revenue estimates 75% of the time, suggesting a degree of stability and reliability in its financial performance.
- Expectation Revisions: In the last three months, both EPS and revenue estimates have seen one upward revision with no downward adjustments, reflecting analysts' increased confidence in the company's future performance, which may positively influence its stock price.
See More
Daqo New Energy Reports Key Highlights for 2025 Financial Results
- Revenue Decline: Daqo New Energy reported revenues of $665 million in 2025, a 35.4% decrease from $1.029 billion in 2024, primarily due to reduced sales volume and a 7.2% drop in average polysilicon prices.
- Narrowed Losses: Despite the revenue decline, the net loss attributable to Daqo New Energy shareholders was $170.5 million in 2025, significantly down from $345.2 million in 2024, indicating improvements in cost management.
- Positive EBITDA: The company achieved an EBITDA of $1.7 million in 2025, a remarkable turnaround from a negative $337.4 million in 2024, with EBITDA margin improving from negative 32.8% to 0.3%, reflecting enhanced operational efficiency.
- Cash Flow Improvement: Daqo generated $56.1 million in operating cash flow in 2025, a substantial recovery from a $435 million outflow in 2024, demonstrating stronger financial flexibility amid market recovery.
See More
DAQO New Energy Q4 2025 Earnings Analysis
- Earnings Performance: DAQO New Energy reported a Q4 2025 non-GAAP EPS loss of -$0.11, exceeding expectations by $0.14, while revenue of $221.7 million, up 13.5% year-over-year, fell short of estimates by $55.24 million, indicating market challenges.
- Production and Sales Data: In Q4 2025, polysilicon production reached 42,181 MT, a significant increase from 30,650 MT in Q3 2025, but sales volume dropped to 38,167 MT from 42,406 MT in the previous quarter, reflecting market demand fluctuations.
- Cost Control: The average total production cost for polysilicon in Q4 was $5.83/kg, down from $6.38/kg in Q3, while cash costs decreased from $4.54/kg to $4.46/kg, indicating improvements in cost management.
- Future Outlook: The company expects to produce between 35,000 MT and 40,000 MT of polysilicon in Q1 2026, with a full-year forecast of 140,000 MT to 170,000 MT, despite the impact of annual facility maintenance, reflecting confidence in future operations.
See More
Daqo New Energy Schedules Q4 2025 Earnings Release
- Earnings Release Schedule: Daqo New Energy plans to release its unaudited financial results for the fiscal year 2025 before U.S. markets open on February 26, 2026, demonstrating the company's commitment to transparency and aiming to bolster investor confidence.
- Conference Call Timing: The company has scheduled a conference call for 8:00 AM U.S. Eastern Time on February 26, 2026, which is expected to attract analysts and investors, further enhancing market focus on its performance.
- Dial-in Information: The dial-in details for the conference call have been provided, including U.S. and international numbers, ensuring global investors can easily participate, reflecting the company's emphasis on its international investor base.
- Replay Availability: A replay of the call will be available one hour after the conclusion of the conference, through March 5, 2026, enhancing information accessibility and allowing investors who could not attend live to stay informed about company developments.
See More
Wall Street Analysts Adjust Ratings
- Analyst Rating Changes: Top Wall Street analysts have adjusted their ratings on several companies, reflecting varying market perspectives that could influence investor decisions and market trends.
- Overview of Updates: The rating changes include upgrades, downgrades, and new initiations, showcasing analysts' keen responses to market dynamics, which may lead to short-term volatility in the affected stocks.
- Investor Considerations: Investors considering purchasing VERX stock should pay attention to the latest insights from analysts to make more informed investment decisions, especially amid increasing market uncertainties.
- Market Impact Analysis: The adjustments in analysts' ratings not only affect the performance of individual stocks but may also influence overall market sentiment, prompting investors to closely monitor these changes to seize investment opportunities.
See More
Daqo New Energy Estimates 2025 Net Loss of RMB 1.0-1.3 Billion
- Net Loss Estimate: Daqo's subsidiary Xinjiang Daqo estimates a net loss of RMB 1.0 to 1.3 billion for FY2025, an improvement from the RMB 2.7 billion loss in FY2024, indicating gradual recovery amidst challenges.
- Shareholder Impact: The estimated net loss will directly affect approximately 72.8% of Daqo's equity interest in Xinjiang Daqo, highlighting ongoing concerns regarding the potential threat to the company's overall financial health despite the reduction in losses.
- Financial Reporting Discrepancy: Xinjiang Daqo's financial results are prepared under PRC GAAP, while Daqo's consolidated results are reported under U.S. GAAP, which may lead to investor misunderstandings regarding the company's overall financial condition.
- Investor Caution: The company advises investors to exercise caution regarding the preliminary loss estimate, as actual results may vary significantly from this estimate, underscoring the uncertainty and risks surrounding future financial performance.
See More
DAQO New Energy Set to Release Q4 Earnings
- Earnings Announcement: DAQO New Energy is scheduled to announce its Q4 earnings on February 26 before market open, with a consensus EPS estimate of -$0.25, reflecting a significant year-over-year increase of 90.2%, indicating resilience in challenging market conditions.
- Revenue Growth Expectations: The anticipated revenue for Q4 is $276.94 million, representing a 41.7% year-over-year growth, which highlights the sustained demand in the renewable energy sector and could lay a solid foundation for future performance.
- Historical Performance Review: Over the past two years, DAQO has exceeded EPS estimates 50% of the time and revenue estimates 75% of the time, suggesting a degree of stability and reliability in its financial performance.
- Expectation Revisions: In the last three months, both EPS and revenue estimates have seen one upward revision with no downward adjustments, reflecting analysts' increased confidence in the company's future performance, which may positively influence its stock price.
See More
Daqo New Energy Reports Key Highlights for 2025 Financial Results
- Revenue Decline: Daqo New Energy reported revenues of $665 million in 2025, a 35.4% decrease from $1.029 billion in 2024, primarily due to reduced sales volume and a 7.2% drop in average polysilicon prices.
- Narrowed Losses: Despite the revenue decline, the net loss attributable to Daqo New Energy shareholders was $170.5 million in 2025, significantly down from $345.2 million in 2024, indicating improvements in cost management.
- Positive EBITDA: The company achieved an EBITDA of $1.7 million in 2025, a remarkable turnaround from a negative $337.4 million in 2024, with EBITDA margin improving from negative 32.8% to 0.3%, reflecting enhanced operational efficiency.
- Cash Flow Improvement: Daqo generated $56.1 million in operating cash flow in 2025, a substantial recovery from a $435 million outflow in 2024, demonstrating stronger financial flexibility amid market recovery.
See More
DAQO New Energy Q4 2025 Earnings Analysis
- Earnings Performance: DAQO New Energy reported a Q4 2025 non-GAAP EPS loss of -$0.11, exceeding expectations by $0.14, while revenue of $221.7 million, up 13.5% year-over-year, fell short of estimates by $55.24 million, indicating market challenges.
- Production and Sales Data: In Q4 2025, polysilicon production reached 42,181 MT, a significant increase from 30,650 MT in Q3 2025, but sales volume dropped to 38,167 MT from 42,406 MT in the previous quarter, reflecting market demand fluctuations.
- Cost Control: The average total production cost for polysilicon in Q4 was $5.83/kg, down from $6.38/kg in Q3, while cash costs decreased from $4.54/kg to $4.46/kg, indicating improvements in cost management.
- Future Outlook: The company expects to produce between 35,000 MT and 40,000 MT of polysilicon in Q1 2026, with a full-year forecast of 140,000 MT to 170,000 MT, despite the impact of annual facility maintenance, reflecting confidence in future operations.
See More
Daqo New Energy Schedules Q4 2025 Earnings Release
- Earnings Release Schedule: Daqo New Energy plans to release its unaudited financial results for the fiscal year 2025 before U.S. markets open on February 26, 2026, demonstrating the company's commitment to transparency and aiming to bolster investor confidence.
- Conference Call Timing: The company has scheduled a conference call for 8:00 AM U.S. Eastern Time on February 26, 2026, which is expected to attract analysts and investors, further enhancing market focus on its performance.
- Dial-in Information: The dial-in details for the conference call have been provided, including U.S. and international numbers, ensuring global investors can easily participate, reflecting the company's emphasis on its international investor base.
- Replay Availability: A replay of the call will be available one hour after the conclusion of the conference, through March 5, 2026, enhancing information accessibility and allowing investors who could not attend live to stay informed about company developments.
See More
Wall Street Analysts Adjust Ratings
- Analyst Rating Changes: Top Wall Street analysts have adjusted their ratings on several companies, reflecting varying market perspectives that could influence investor decisions and market trends.
- Overview of Updates: The rating changes include upgrades, downgrades, and new initiations, showcasing analysts' keen responses to market dynamics, which may lead to short-term volatility in the affected stocks.
- Investor Considerations: Investors considering purchasing VERX stock should pay attention to the latest insights from analysts to make more informed investment decisions, especially amid increasing market uncertainties.
- Market Impact Analysis: The adjustments in analysts' ratings not only affect the performance of individual stocks but may also influence overall market sentiment, prompting investors to closely monitor these changes to seize investment opportunities.
See More
Daqo New Energy Estimates 2025 Net Loss of RMB 1.0-1.3 Billion
- Net Loss Estimate: Daqo's subsidiary Xinjiang Daqo estimates a net loss of RMB 1.0 to 1.3 billion for FY2025, an improvement from the RMB 2.7 billion loss in FY2024, indicating gradual recovery amidst challenges.
- Shareholder Impact: The estimated net loss will directly affect approximately 72.8% of Daqo's equity interest in Xinjiang Daqo, highlighting ongoing concerns regarding the potential threat to the company's overall financial health despite the reduction in losses.
- Financial Reporting Discrepancy: Xinjiang Daqo's financial results are prepared under PRC GAAP, while Daqo's consolidated results are reported under U.S. GAAP, which may lead to investor misunderstandings regarding the company's overall financial condition.
- Investor Caution: The company advises investors to exercise caution regarding the preliminary loss estimate, as actual results may vary significantly from this estimate, underscoring the uncertainty and risks surrounding future financial performance.
See More
