Polysilicon maker Daqo misses Q2 revenue  estimates

Daqo New Energy

26/08/2025 12:13

Overview

Daqo Q2 2025 revenue falls to $75.2 mln, missing analyst expectations

Adjusted net loss beats estimates at $57.9 mln, per LSEG data

Maintains strong balance sheet with no financial debt, says co

Outlook

Company expects Q3 polysilicon production volume of 27,000 MT to 30,000 MT

Daqo forecasts full-year polysilicon production volume of 110,000 MT to 130,000 MT

Result Drivers

MARKET OVERCAPACITY - Co faced challenges from industry overcapacity and high inventory levels, leading to reduced utilization rates

SALES VOLUME DECLINE - Polysilicon sales volume decreased significantly

COST REDUCTION - Decline in silicon metal costs and reduced energy consumption lowered production costs, per CEO Xiang Xu

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$75.20 mln
$140.50 mln (2 Analysts)
Q2 Adjusted Net Income
Beat
-$57.90 mln
-$86.10 mln (2 Analysts)
Q2 Net Income
-$76.50 mln
Q2 Adjusted EBITDA
Beat
-$48.20 mln
-$58.50 mln (2 Analysts)
Q2 Adjusted EBITDA Margin
-64.0%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 4 "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 $25.85, about 7.5% above its August 25 closing price of $23.90

Press Release: ID:nPn1qQyWNa

(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.)