Daqo New Energy reports Q3 2026 revenue and net loss

Daqo New Energy, a manufacturer of high-purity polysilicon for the solar PV industry, announced its unaudited financial results for the third quarter of 2026. The company reported revenue of approximately $194.2 million, which represents a 20.6% year-over-year decrease from $244.6 million in the same period last year, though it marks a significant sequential increase from $62.7 million in the second quarter.

The company reported a net loss of $52.9 million for the quarter, compared to a net loss of $14.84 million in Q3 2025. EBITDA was reported as a loss of $9.2 million. CEO Xiang Xu noted that while the polysilicon sector showed signs of rebounding with prices recovering toward cost levels, downstream players have maintained high inventories and limited purchases to immediate operational needs.

Operational highlights include a polysilicon production volume of 53,469 MT and a sales volume of 46,910 MT. As of September 30, 2026, Daqo New Energy held total readily convertible assets, including cash and short-term investments, totaling $2.06 billion.