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Daqo New Energy (DQ)
NYSE:DQ
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.79Last Year’s EPS
-1.81Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 29, 2025
|% Change Since: -6.08%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted a strong financial position with no debt and stable polysilicon prices. However, there were significant challenges, including decreased revenue, increased costs, and operational losses. The long-term outlook for the solar PV industry remains positive, but short-term challenges weigh heavily on the company's performance.Company Guidance
During the first quarter of 2025, Daqo New Energy Corp. faced significant challenges in the solar PV industry, with overcapacity and polysilicon prices remaining below cash cost levels. Despite sustaining quarterly operating and net losses, the company managed to narrow these losses sequentially and maintained a strong balance sheet with no financial debt. As of March 31, 2025, Daqo reported a cash balance of $792 million, short-term investments totaling $168 million, and a fixed-term bank deposit balance of $1.1 billion, resulting in quick assets of $2.15 billion. The company operated at a reduced utilization rate of 33%, producing 24,810 metric tons of polysilicon, slightly below its guidance of 25,000 to 28,000 metric tons. However, sales volume exceeded production at 28,008 metric tons, allowing Daqo to reduce inventory. The polysilicon unit production cost increased by 11% to $11.57 per kilogram, with a cash cost increase of 5% to $5.31 per kilogram. For the second quarter, Daqo expects production volume of 25,000 to 28,000 metric tons and anticipates full-year production between 110,000 and 140,000 metric tons. Despite current market downturns, the company remains optimistic about long-term growth prospects, supported by China's new solar installations reaching 59.71 gigawatts in the first quarter, a 30.5% year-over-year increase.Strong Financial Position and Liquidity
Despite quarterly operating and net losses, Daqo New Energy Corp. maintained a strong balance sheet with no financial debt and total quick assets of $2.15 billion, providing ample liquidity.
Exceeding Sales Volume Expectations
The company reported a sales volume of 28,008 metric tons, exceeding its production and reducing inventory to healthier levels.
Stable Polysilicon Prices
Polysilicon prices remained stable throughout the quarter at approximately 37 to 42 RMB per kilogram, with expectations for support at current levels due to policy changes.
Positive Long-term Solar PV Industry Outlook
China's new solar PV installations reached 59.71 gigawatts in Q1, a robust 30.5% year-over-year growth, indicating promising long-term prospects for the solar PV industry.
DQ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DQ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2025 | $14.81 | $12.77 | -13.77% |
Feb 27, 2025 | $21.89 | $21.50 | -1.78% |
Oct 30, 2024 | $22.51 | $22.26 | -1.11% |
Aug 26, 2024 | $15.20 | $14.69 | -3.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Daqo New Energy (DQ) report earnings?
Daqo New Energy (DQ) is schdueled to report earning on Jul 31, 2025, TBA Not Confirmed.
What is Daqo New Energy (DQ) earnings time?
Daqo New Energy (DQ) earnings time is at Jul 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DQ EPS forecast?
DQ EPS forecast for the fiscal quarter 2025 (Q2) is -0.79.