Daqo New Energy beats Q3 revenue estimates on price rebound, higher volumes

Daqo New Energy

27/10/2025 11:14

Overview

Daqo New Energy Q3 revenue of $244.6 mln beats analyst expectations

Adjusted net income for Q3 beats consensus, reflecting improved market conditions

Company reports positive EBITDA of $45.8 mln, reversing previous quarter's loss

Outlook

Company expects Q4 polysilicon production of 39,500 MT to 42,500 MT

Daqo forecasts full-year polysilicon production of 121,000 MT to 124,000 MT

Company notes improved market conditions and rebound in polysilicon prices

Result Drivers

SALES VOLUME - Co capitalized on favorable pricing to sell a significant portion of inventory, increasing sales volume to 42,406 MT

COST REDUCTION - Production cost declined significantly, with total production cost down 12% to $6.38/kg

MARKET RECOVERY - Recovery of market prices across the solar PV value chain contributed to improved results

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$244.60 mln
$171.60 mln (2 Analysts)
Q3 Adjusted Net Income
Beat
$3.70 mln
-$34 mln (1 Analyst)
Q3 Net Income
-$14.90 mln
Q3 Adjusted EBITDA
Beat
$45.80 mln
$30 mln (1 Analyst)
Q3 Adjusted EBITDA Margin
18.70%
Q3 Gross Profit
$9.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the renewable energy equipment & services peer group is "buy"

Wall Street's median 12-month price target for Daqo New Energy Corp is $30.00, about 13.2% above its October 24 closing price of $26.03

Press Release: ID:nPn3BJdv8a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)