---
title: "BRIEF: Daqo’s revenue plunges, loss widens in first quarter"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284749399.md"
description: "The polysilicon manufacturer Daqo New Energy Corp. reported on Wednesday that its sales in the first quarter plummeted significantly, leading to an increased loss. Due to measures taken by the Chinese government to revitalize an industry facing severe overcapacity and weak prices, Daqo's first-quarter revenue was only $26.7 million, a year-on-year decrease of 78%. The sales volume of polysilicon dropped from 28,008 tons in the same period last year to 4,482 tons, with an average selling price of $5.96 per kilogram, nearly on par with production costs. The company reported a first-quarter loss of $88.4 million, widening from a loss of $71.8 million in the same period last year"
datetime: "2026-04-30T10:45:58.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284749399.md)
  - [en](https://longbridge.com/en/news/284749399.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284749399.md)
---

# BRIEF: Daqo’s revenue plunges, loss widens in first quarter

Polysilicon maker **Daqo New Energy Corp.** (DQ.US; 688303.SH) on Wednesday **reported** its sales plunged in the first quarter, as the Chinese government takes steps to try to revive the industry struggling with huge overcapacity resulting in weak prices.

Daqo reported revenue of just $26.7 million in the first quarter, down 78% from $123.9 million a year earlier. Its polysilicon sales volume for the quarter dropped to 4,482 MT from 28,008 MT a year earlier. Its average polysilicon selling price during the quarter stood at $5.96 per kilogram, roughly the same as its average total production cost of $5.95 per kilogram.

The company reported a loss of $88.4 million for the quarter, widening from a $71.8 million loss a year earlier.

Daqo’s New York-listed shares fell nearly 12% in Wednesday trading after the release of its latest results. The stock is down about 35% this year.

_By Doug Young_ _To subscribe to Bamboo Works free weekly newsletter, click_ _here_

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