Daqo New Energy (DQ)
NYSE:DQ
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.53Last Year’s EPS
-1.14Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Negative
The call presented a mixed picture: operationally the company demonstrated strengths (0 debt, ~USD 2.0B liquidity in cash-convertible assets, production above guidance, and RMB cost improvement) and strategic discipline (refusal to sell below cost, engagement with authorities). However, severe near-term financial deterioration—large revenue collapse, USD 98.4M inventory impairment, substantial gross and operating losses, negative EBITDA, diminished cash balance and elevated operating cash outflow—outweigh the positives in the quarter. The outlook depends heavily on potential government enforcement of price laws and industry consolidation; absent policy action the company may reduce utilization and compete in a lower-price environment.Company Guidance
Strong Liquidity and Zero Debt
Convertible-to-cash assets totaled ~USD 2.0 billion as of March 31, 2026 (cash USD 559.4M, short-term investments USD 288.3M, held-to-maturity USD 50.3M, bank notes receivable USD 20.8M, fixed-term deposits USD 1.1B). Company reported 0 debt, supporting strategic flexibility in a downturn.
Production Beat vs Guidance
Total polysilicon production at two facilities was 43,402 metric tons in Q1 2026, exceeding guidance of 35,000–40,000 metric tons.
Maintained Disciplined Pricing and Market Positioning
Company adhered to Chinese authorities' self-regulation by refusing below-cost sales; sales volume intentionally reduced to 4,482 metric tons while average selling price rose 2.3% sequentially to USD 5.96/kg.
Operational Efficiency in RMB Terms
Despite higher silicon metal costs and modest sequential increases in total production and cash costs (+2% and +3% sequentially), manufacturing costs in RMB terms declined slightly quarter-over-quarter, reflecting manufacturing efficiency improvements.
Clear Production Guidance
Q2 2026 production expected ~35,000–40,000 metric tons; full-year 2026 production guidance maintained at 140,000–170,000 metric tons, providing operating visibility.
Signs of Market Stabilization and Policy Engagement
Polysilicon weekly declines showed signs of easing heading into Q2; April 17 joint symposium by multiple national authorities signals potential price law enforcement and capacity regulation which could support longer-term price recovery.
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, 2026 | $21.95 | $19.35 | -11.85% |
Feb 26, 2026 | $25.10 | $23.95 | -4.58% |
Oct 27, 2025 | $26.03 | $29.69 | +14.06% |
Aug 26, 2025 | $23.90 | $23.72 | -0.75% |
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 30, 2026, Before Open (Confirmed).
What is Daqo New Energy (DQ) earnings time?
Daqo New Energy (DQ) earnings time is at Jul 30, 2026, 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 2026 (Q2) is -0.53.