The earnings call highlighted strong financial liquidity and positive long-term industry prospects, but these were overshadowed by significant revenue declines, negative gross margins, and continued challenges with industry overcapacity. The company is optimistic about future policies and long-term growth; however, current financial performance remains under pressure.

Company Guidance

In the second quarter of 2025, Daqo New Energy Corp. faced challenging market conditions in the solar PV industry, characterized by declining prices and overcapacity, leading to operating and net losses. Despite these challenges, the company maintained a robust financial position with no financial debt, a cash balance of CNY599 million, short-term investments of CNY490 million, and bank notes receivable of $49 million. Total financial assets readily convertible into cash stood at $2.06 billion. The company's production volume was 29,012 metric tons, within the guidance range of 25,000 to 28,000 metric tons, but sales volume decreased to 18,126 metric tons due to strategic scaling back of new sales orders amid market uncertainties. Polysilicon unit production costs decreased by 4% to an average of $7.26 per kilogram, supported by lower costs of silicon metal and reduced energy consumption. Looking ahead, Daqo expects total polysilicon production in 2025 to be approximately 27,000 to 30,000 metric tons, with a full-year production range of 110,000 to 130,000 metric tons. The company is optimistic about long-term industry growth, driven by government initiatives to curb unfair competition and enhance industry regulation, and plans to leverage its strong balance sheet and competitive cost structure to capitalize on market recovery and growth.

Strong Financial Liquidity

Daqo New Energy Corp. maintains a strong and healthy balance sheet with no financial debt and financial assets readily convertible into cash totaling $2.06 billion.

Cost Reduction Achievements

A decline in the cost of silicon metal and reduced energy consumption drove cash costs lower by 4% to $5.12 per kilogram sequentially.

Positive Industry Policy Developments

Chinese authorities have intensified efforts to curb disorderly competition, and initiatives have led to a rebound in polysilicon sales prices in July.

Long-term Industry Prospects

The solar PV industry shows strong long-term prospects, with solar power expected to remain a key global energy driver.

Share Repurchase Program Announcement

The company authorized a $100 million share repurchase program until the end of next year, showing optimism about the future.

Daqo New Energy (DQ) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DQ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	-0.49 / -	-0.92	―	―	―
Aug 26, 2025	2025 (Q2)	-1.27 / -1.14	-1.81	37.02% (+0.67)
Apr 29, 2025	2025 (Q1)	-0.69 / -1.07	0.24	-545.83% (-1.31)
Feb 27, 2025	2024 (Q4)	-2.08 / -2.71	0.64	-523.44% (-3.35)
Oct 30, 2024	2024 (Q3)	-0.31 / -0.92	-0.09	-922.22% (-0.83)
Aug 26, 2024	2024 (Q2)	-0.69 / -1.81	1.34	-235.07% (-3.15)
Apr 29, 2024	2024 (Q1)	0.56 / 0.24	3.52	-93.18% (-3.28)
Feb 28, 2024	2023 (Q4)	0.84 / 0.64	4.71	-86.41% (-4.07)
Oct 30, 2023	2023 (Q3)	1.70 / -0.09	4.18	-102.15% (-4.27)
Aug 03, 2023	2023 (Q2)	4.50 / 1.34	8.18	-83.62% (-6.84)

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
Aug 26, 2025	$23.90	$23.72	-0.75%
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%

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 Oct 23, 2025, Before Open (Confirmed).

What is Daqo New Energy (DQ) earnings time?

Daqo New Energy (DQ) earnings time is at Oct 23, 2025, Before Open (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 (Q3) is -0.49.

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