DAQO New Energy (NYSE:DQ) Posts Quarterly Earnings Results, Misses Expectations 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 analysts’ consensus estimates of ($0.04) by ($0.07), Zacks reports. DAQO New Energy had a negative net margin of 25.62% and a negative return on equity of 2.93%. The firm had revenue of $221.71 million during the quarter, compared to the consensus estimate of $276.94 million.

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 Stock Up 0.7%

Shares of DQ opened at $24.12 on Monday. DAQO New Energy has a twelve month low of $12.40 and a twelve month high of $36.59. The stock has a market cap of $1.62 billion, a PE ratio of -9.50 and a beta of 0.68. The business’s 50-day moving average price is $26.45 and its 200-day moving average price is $27.92.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DQ. Vontobel Holding Ltd. grew its stake in shares of DAQO New Energy by 1.5% in the fourth quarter. Vontobel Holding Ltd. now owns 57,176 shares of the semiconductor company’s stock worth $1,687,000 after acquiring an additional 836 shares during the last quarter. Quarry LP purchased a new position in shares of DAQO New Energy in the 3rd quarter worth about $26,000. Headlands Technologies LLC bought a new position in DAQO New Energy in the 2nd quarter worth about $29,000. Daiwa Securities Group Inc. grew its position in DAQO New Energy by 21.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 16,300 shares of the semiconductor company’s stock valued at $481,000 after purchasing an additional 2,900 shares during the last quarter. Finally, Compound Planning Inc. increased its stake in DAQO New Energy by 19.2% during the 4th quarter. Compound Planning Inc. now owns 19,518 shares of the semiconductor company’s stock valued at $576,000 after purchasing an additional 3,146 shares in the last quarter. 47.22% of the stock is currently owned by hedge funds and other institutional investors.

DAQO New Energy Company Profile

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.