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.)