Overview
China polysilicon maker's Q4 revenue missed analyst expectations
Adjusted net income for Q4 beat analyst expectations
Company's adjusted EBITDA for Q4 beat analyst expectations
Outlook
Company expects Q1 2026 polysilicon production of 35,000 MT to 40,000 MT
Daqo New Energy forecasts full-year 2026 polysilicon production at 140,000 MT to 170,000 MT
Company sees anti-involution initiatives supporting balanced supply and demand in solar PV industry
Result Drivers
PRODUCTION VOLUME INCREASE - Polysilicon production volume rose to 42,181 MT in Q4 2025, up from 30,650 MT in Q3 2025, aiding cost reduction
COST REDUCTION - Daqo reduced production costs through process improvements and efficiency gains, lowering total production costs by 9%
STRATEGIC SALES EFFORTS - Co ramped up sales efforts in H2 2025 to capitalize on favorable pricing dynamics, enhancing customer confidence
Company press release: ID:nPn1z9nyra
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Miss | $221.70 mln | $273.70 mln (4 Analysts) |
Q4 Adjusted Net Income | Beat | -$7.30 mln | -$23.57 mln (3 Analysts) |
Q4 Net Income | -$7.30 mln | ||
Q4 Adjusted EBITDA | Beat | $52.50 mln | $46.15 mln (2 Analysts) |
Q4 Adjusted EBITDA Margin | 23.70% | ||
Q4 Gross Profit | $15.40 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 2 "hold" and 1 "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 $35.00, about 39.4% above its February 25 closing price of $25.10
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)