DQ
Daqo New Energy·NYSE
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DQ fundamentals
Daqo New Energy (DQ) released its earnings on Mar 2, 2026: revenue was 221.71M (YoY +13.49%), missed estimates; EPS was -0.11 (YoY +95.94%), beat estimates.
Revenue / YoY
221.71M
+13.49%
EPS / YoY
-0.11
+95.94%
Report date
Mar 2, 2026
DQ Earnings Call Summary for Q4,2025
- Revenue Recovery: 2025 revenue $665 million (down 36% YoY) driven by cost-cutting and market recovery. Q4 gross margin improved to 7% (vs. -33% YoY).
- Cost Efficiency: Q4 cash costs hit record low $4.46/kg, with total production costs down 9% YoY. EBITDA turned positive at $1.7 million.
- Policy Impact: China's anti-involution policies reduced industry overcapacity by 28.4% in 2025, driving price recovery to RMB 50-56/kg.
- 2026 Outlook: Free cash flow expected to improve, with capital expenditures $100-150 million. Share buybacks contingent on policy clarity.
- Price Stability: Q1-Q2 2026 ASPs expected to stabilize at RMB 53-54/kg, supported by anti-involution enforcement.
EPS
Actual | 0.454 | 0.032 | 0.27 | 0.96 | 1.08 | 3.03 | 3.81 | 1.94 | 6.99 | 8.18 | 4.18 | 4.71 | 3.52 | 1.34 | -0.09 | 0.64 | 0.24 | -1.81 | -0.92 | -2.71 | -1.07 | -1.14 | -0.22 | -0.11 | ||||||||||||||||
Forecast | 0.353 | 0.037 | 0.351 | 1.08 | 1.255 | 2.8267 | 2.35 | 3.18 | 5.8875 | 8.39 | 7.075 | 6.345 | 4.7467 | 4.5033 | 1.7 | 0.84 | 0.56 | -0.695 | -0.31 | -2.08 | -0.695 | -1.275 | -0.5875 | -0.2 | ||||||||||||||||
Surprise | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | +28.61% | -13.51% | -23.08% | -11.11% | -13.94% | +7.19% | +62.13% | -38.99% | +18.73% | -2.50% | -40.92% | -25.77% | -25.84% | -70.24% | -105.29% | -23.81% | -57.14% | -160.43% | -196.77% | -30.29% | -53.96% | +10.59% | +62.55% | +45.00% |
Revenue
Actual | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 168.83M | 133.52M | 125.53M | 247.72M | 256.10M | 441.37M | 585.78M | 395.55M | 1.28B | 1.24B | 1.22B | 864.25M | 709.83M | 636.72M | 484.84M | 477.13M | 415.31M | 219.91M | 198.50M | 195.36M | 123.91M | 75.19M | 244.60M | 221.71M |
Forecast | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 150.50M | 111.47M | 139.13M | 236.12M | 297.97M | 407.00M | 541.34M | 550.72M | 1.18B | 1.31B | 1.17B | 959.68M | 914.78M | 1.01B | 672.30M | 529.40M | 491.90M | 302.44M | 187.93M | 153.54M | 182.08M | 112.20M | 176.78M | 273.70M |
Surprise | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | +12.18% | +19.78% | -9.78% | +4.92% | -14.05% | +8.44% | +8.21% | -28.18% | +8.33% | -5.08% | +4.36% | -9.94% | -22.40% | -36.88% | -27.88% | -9.87% | -15.57% | -27.29% | +5.62% | +27.23% | -31.94% | -32.99% | +38.37% | -19.00% |
Earnings Call
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What is Daqo New Energy's latest dividend and current dividend yield?What is Daqo New Energy's gross profit margin?What were the key takeaways from Daqo New Energy's earnings call?What is the revenue and EPS growth rate for Daqo New Energy year over year?What guidance did Daqo New Energy's management provide for the next earnings period?What is the market's earnings forecast for Daqo New Energy next quarter?What factors drove the changes in Daqo New Energy's revenue and profit?What were the key takeaways from Daqo New Energy’s earnings call?
