Daqo New Energy (ADR) (DQ)
Supplies high-purity polysilicon to manufacturers across the solar-PV supply chain.
$12.01
vs last close−0.30 (−2.48%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 485 | 480 | 415 | 220 | 198 | 195 | 124 | 75 | 245 | 222 | 27 | 63 |
| Cost of revenue | 417 | 393 | 343 | 379 | 259 | 261 | 205 | 157 | 235 | 206 | 166 | 146 |
| Gross profit | 68 | 88 | 72 | −159 | −61 | −65 | −82 | −82 | 10 | 15 | −139 | −83 |
| 92 | 43 | 40 | 39 | 37 | 236 | 33 | 33 | 33 | 36 | 11 | 17 | |
| Research & development | 3 | 3 | 2 | 2 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 2 |
| Selling, general & administrative | 90 | 39 | 38 | 37 | 38 | 47 | 35 | 32 | 32 | 38 | 12 | 16 |
| Other expenses | 0 | 0 | 0 | 0 | −1 | 188 | −3 | 0 | 0 | −2 | −2 | 0 |
| Operating income | −25 | 45 | 32 | −198 | −98 | −301 | −114 | −115 | −23 | −21 | −151 | −100 |
| 64 | 52 | 10 | 17 | 9 | 10 | 9 | 8 | 11 | 7 | 8 | 9 | |
| Interest income | 0 | 14 | 12 | 16 | 2 | 10 | 9 | 8 | 8 | 8 | 3 | 7 |
| Interest expense | 0 | 0 | 0 | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other non-operating income | −64 | −52 | −10 | −17 | −9 | −176 | −9 | −8 | −11 | −7 | −8 | 0 |
| Income before tax | 39 | 97 | 42 | −181 | −89 | −290 | −105 | −107 | −12 | −13 | −143 | −91 |
| Income tax expense | 21 | 27 | 14 | −23 | −12 | −49 | −12 | −8 | 3 | −4 | −22 | 22 |
| Net income from continuing operations | 18 | 70 | 28 | −158 | −77 | −242 | −93 | −99 | −15 | −10 | −122 | −113 |
| Net income | −6 | 45 | 15 | −120 | −61 | −180 | −72 | −77 | −15 | −7 | −88 | −81 |
| EPS, basic | −$0.09 | $0.65 | $0.24 | −$1.80 | −$0.90 | −$2.71 | −$1.09 | −$1.15 | −$0.22 | −$0.11 | −$1.30 | −$1.20 |
| EPS, diluted | −$0.09 | $0.65 | $0.24 | −$1.80 | −$0.90 | −$2.71 | −$1.09 | −$1.15 | −$0.22 | −$0.11 | −$1.30 | −$1.20 |
| Weighted average shares, basic | 74 | 70 | 66 | 66 | 66 | 66 | 66 | 67 | 68 | 68 | 68 | 68 |
| Weighted average shares, diluted | 74 | 70 | 66 | 66 | 66 | 67 | 66 | 67 | 68 | 68 | 68 | 68 |
| EBITDA | 84 | 143 | 89 | −136 | −33 | −65 | −53 | −47 | 49 | 47 | −80 | −36 |
| Depreciation & amortization | 45 | 46 | 47 | 45 | 56 | 61 | 52 | 60 | 61 | 61 | 63 | 64 |
| EBIT | 39 | 97 | 42 | −181 | −89 | −125 | −105 | −107 | −12 | −13 | −143 | −100 |
