Daqo New Energy reports Q2 EPS (86c) vs. ($1.50) last year

Reports Q2 revenue $75.2M vs. $219.9M last year. CEO Xiang Xu commented, “The solar PV industry faced continued challenges in Q2 2025 with market prices across the solar value chain declining due to industry overcapacity and high inventory levels, remaining below cash cost levels. As a result, Daqo New Energy (DQ) recorded quarterly operating and net losses. Nevertheless, we maintained a strong and healthy balance sheet with no financial debt…In total, our financial bank deposit and investment assets, readily convertible into cash if needed, stood at $2.06B, providing us with ample financial liquidity. With no financial debt, our solid financial position brings us confidence and strategic resilience to navigate the current market downturn and remain well positioned for long-term opportunities…Total production volume at our two polysilicon facilities for the quarter was 26,012 MT, within our guidance range of 25,000 MT to 28,000 MT…Overall, polysilicon unit production cost decreased by 4% sequentially to an average of $7.26/kg, with lower unit depreciation costs resulting from higher production. In light of the current market conditions, we expect our total polysilicon production volume in Q3 2025 to be approximately 27,000 MT to 30,000 MT. As a result, we anticipate our full year 2025 production volume to be in the range of 110,000 MT to 130,000 MT.”