Daqo New Energy Swings to Deep Q1 2026 Loss as Polysilicon Sales Slump Amid Market Glut

Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks An announcement from Daqo New Energy ( (DQ) ) is now available. Daqo New Energy reported unaudited first-quarter 2026 results on April 29, 2026, showing polysilicon production of 43,402 MT, above guidance, but sales volumes plunged to 4,482 MT as the company avoided selling below cost amid weak prices. Revenue dropped to $26.7 million from $221.7 million in the prior quarter, driving a gross loss of $139.4 million, a net loss attributable to shareholders of $88.4 million, and sharply negative margins. Management cited seasonal softness, high inventories, rising module input costs, and geopolitical tensions as factors depressing solar demand and intensifying industry overcapacity, which pushed polysilicon prices below production costs. In response, Daqo ran at roughly 57% capacity utilization, emphasized financial discipline, and highlighted its $2.0 billion pool of cash and liquid assets and zero debt as key strengths, while guiding second-quarter 2026 polysilicon output to 35,000–40,000 MT and full-year 2026 production to 140,000–170,000 MT. The most recent analyst rating on (DQ) stock is a Buy with a $35.50 price target. To see the full list of analyst forecasts on Daqo New Energy stock, see the DQ Stock Forecast page. Spark’s Take on DQ Stock According to Spark, TipRanks’ AI Analyst, DQ is a Neutral. The score is driven primarily by mixed fundamentals: a very strong, low-debt balance sheet and improving operations, but profitability and free cash flow remain negative. Technicals are also weak (below key moving averages with negative MACD), while valuation is hard to support due to losses. Earnings-call guidance and cost reductions provide a moderate positive offset, but execution and pricing risk remain key. To see Spark’s full report on DQ stock, click here. More about Daqo New Energy Daqo New Energy Corp. is a China-based manufacturer of high-purity polysilicon used in the global solar photovoltaic industry. Listed on the NYSE under the ticker DQ, the company supplies polysilicon primarily to solar module and cell producers, positioning itself as a key upstream player in the solar value chain. Average Trading Volume: 658,467 Technical Sentiment Signal: Sell Current Market Cap: $1.49B Learn more about DQ stock on TipRanks’ Stock Analysis page.