Xinjiang Daqo New Energy Co Ltd

Critical Materials & Supply Chain▼5

Daqo New Energy's 2026 interim report shows net loss of 1.595 billion yuan, widening year-on-year

Daqo New Energy released its 2026 interim report, with net profit attributable to the parent company at negative 1.595 billion yuan, a widening of 448 million yuan compared with the same period last year. The company's total operating revenue was 623 million yuan, down 57.63 percent year-on-year. Net cash outflow from operating activities was 2.243 billion yuan, an increase of 635 million yuan from the same period last year. The company's latest gross margin was negative 74.42 percent, up 46.34 percentage points from the previous quarter and down 40.37 percentage points from the same period last year. The latest return on equity was negative 4.27 percent, down 1.33 percentage points from the same period last year. Diluted earnings per share were negative 0.74 yuan, down 0.21 yuan from the same period last year.

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Daqo raises 2026 output guidance, pivots to AI data centers

Daqo New Energy raised its full-year 2026 polysilicon production guidance to 160,000 to 180,000 metric tons and announced a diversification into AI data center power infrastructure. The company reported second-quarter revenue of $62.7 million, a gross loss of $82.7 million, and a net loss attributable to shareholders of $81 million, or $1.20 per basic ADS. CEO Xiang Xu said Daqo resumed sales in June after a period of holding back supply, with sales volume rising to 15,190 metric tons from 4,482 metric tons in the first quarter, while average selling price fell to $4.04 per kilogram. Management guided third-quarter output to approximately 40,000 to 45,000 metric tons and cited an August 6 initiative with seven other polysilicon manufacturers to eliminate below-cost sales. The company also said it expects an initial AI data center power product by year-end, with sales starting in 2027 and significant growth from 2028 to 2030.

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DAQO New Energy Q2 Non-GAAP EPADS misses, revenue beats

DAQO New Energy reported second quarter 2026 financial results, with non-GAAP EPADS of negative $1.20 missing analyst expectations by $0.63. Revenue came in at $62.66 million, a 16.7% decline year-over-year, but beat estimates by $6.6 million. The company issued the results via press release.

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Daqo New Energy Responds to Polysilicon Meeting and Price Hike Rumors: Unaware, Pricing Still Under Consideration

Daqo New Energy has responded to market rumors that polysilicon companies will hold a collective meeting tomorrow and that some manufacturers have raised their quotes, saying it is unaware of any meeting and that specific pricing is still under consideration. A reporter from Blue Whale News sought confirmation from Daqo New Energy, and the company said it is unaware of the situation. Another leading polysilicon company also said it had no knowledge. According to SMM, a domestic silicon material producer raised its quote from 37 to 38 yuan per kilogram to 40 yuan per kilogram. Daqo New Energy replied that its pricing references third-party agencies and the company is still evaluating. Previously, on August 6, eight polysilicon leaders including Tongwei Co., GCL Technology, and others signed an anti-involution initiative, pledging not to sell below industry costs. These companies together account for over 90 percent of effective domestic capacity. Analysts noted that the initiative is a form of industry self-discipline, and the extent of supply contraction and the turning point for silicon material prices still depend on subsequent quotes from leading companies and downstream acceptance.

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Eight Leading Chinese Polysilicon Firms Jointly Sign Anti-Involution Pledge, Agree Not to Sell PV Products Below Cost

On the evening of August 6, eight major Chinese polysilicon companies jointly signed an anti-involution pledge in Shanghai, committing that all photovoltaic product sales prices shall not fall below the corresponding costs calculated according to group standards. The participating companies together account for over 90 percent of China's effective polysilicon production capacity, including four listed firms—Tongwei Co., GCL Technology, Daqo New Energy, and Xinte Energy—as well as Asia Silicon Qinghai Co., Xinjiang East Hope New Energy Co., Qinghai Lihao Clean Energy Co., and Xinjiang Goens Energy Technology Co. The companies made clear that sales below full cost must be immediately stopped and corrected, and they will voluntarily accept supervision and inspection by market regulatory authorities at all levels, while strengthening mutual oversight and promptly reporting any violations to industry associations and the State Administration for Market Regulation. In addition, the companies pledged to strictly implement new energy consumption standards and proactively phase out high-energy-consuming outdated capacity.

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Daqo New Energy to Cancel 12.7629 Million Treasury Shares on August 3

Daqo New Energy announced that it will cancel 12.7629 million repurchased shares held in its special securities account for buybacks on August 3, 2026, representing 0.59% of the total share capital of 2.145 billion shares before the cancellation. Following the cancellation, the company's total share capital will decrease from 2.145 billion shares to 2.132 billion shares, with a corresponding reduction in registered capital. These shares originate from two buyback programs. The first phase, launched in August 2023, repurchased a cumulative 10.2935 million shares at a total cost of 315 million yuan. The second phase, launched in April 2025, repurchased a cumulative 2.4694 million shares at a total cost of 59.989 million yuan. The company previously passed resolutions at the board and shareholder meetings to change the purpose of these shares from employee stock ownership plans or equity incentives to cancellation and reduction of registered capital.

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