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

DAQO New Energy (NYSE:DQ) issued its earnings results 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 return on equity of 5.89% and a negative net margin of 53.74%.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 Performance

NYSE:DQ traded up $0.09 during trading on Friday, reaching $24.04. The company’s stock had a trading volume of 320,615 shares, compared to its average volume of 754,812. DAQO New Energy has a 12 month low of $12.40 and a 12 month high of $36.59. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of -4.68 and a beta of 0.70. The firm has a 50 day moving average of $26.62 and a 200-day moving average of $27.82.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DQ shares. Wall Street Zen raised shares of DAQO New Energy from a “sell” rating to a “hold” rating in a research report on Monday, November 3rd. New Street Research set a $18.13 price objective on DAQO New Energy in a research note on Tuesday, February 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of DAQO New Energy in a report on Monday, December 29th. Finally, Glj Research downgraded DAQO New Energy from a “buy” rating to a “sell” rating and decreased their price target for the stock from $30.51 to $18.13 in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $25.43.

Hedge Funds Weigh In On DAQO New Energy

Institutional investors have recently added to or reduced their stakes in the stock. Quarry LP bought a new stake in DAQO New Energy in the third quarter worth about $26,000. Headlands Technologies LLC bought a new stake in shares of DAQO New Energy in the 2nd quarter worth approximately $29,000. EFG International AG purchased a new position in DAQO New Energy in the fourth quarter valued at approximately $112,000. Brooklyn Investment Group grew its holdings in 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 valued at $215,000 after purchasing an additional 7,613 shares during the period. Finally, Vise Technologies Inc. purchased a new stake in DAQO New Energy in the third quarter worth $225,000. Institutional investors own 47.22% of the company’s stock.

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.