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Daqo InvestorRoom Daqo New Energy Announces Unaudited Second Quarter 2026 Financial Results SHANGHAI , Aug. 20 , 2026 / PRNewswire / -- Daqo New Energy Corp. ( NYSE : DQ ) ( " Daqo New Energy " the " Company " or " we " ) , a leading manufacturer of high - purity polysilicon for the global solar PV industry , today announced its unaudited financial results for the second quarter ended June 30 , 2026 . Second Quarter 2026 Financial and Operating Highlights • • • Aggregate of cash , short - term investments , bank notes receivable , held - to - maturity investments and fixed term bank deposit balance was $ 1.92 billion at the end of Q2 2026 , compared to $ 2.00 billion at the end of Q1 2026 Polysilicon production volume was 43,675 MT in Q2 2026 , compared to 43,402 MT in Q1 2026 Polysilicon sales volume was 15,190 MT in Q2 2026 , compared to 4,482 MT in Q1 2026 Polysilicon average total production cost ( 1 ) was $ 5.95 / kg in Q2 2026 , compared to $ 5.95 / kg in Q1 2026 • Polysilicon average cash cost ( 1 ) was $ 4.57 / kg in Q2 2026 , compared to $ 4.59 / kg in Q1 2026 • • Polysilicon average selling price ( ASP ) was $ 4.04 / kg in Q2 2026 , compared to $ 5.96 / kg in Q1 2026 Revenue was $ 62.7 million in Q2 2026 , compared to $ 26.7 million in Q1 2026 • Gross loss was $ 82.7 million in Q2 2026 , compared to $ 139.4 million in Q1 2026 ; gross margin was negative 132.0 % in Q2 2026 , compared to negative 521.5 % in Q1 2026 • Net loss attributable to Daqo New Energy Corp. shareholders was $ 81.2 million in Q2 2026 , compared to $ 88.4 million in Q1 2026 ; loss per basic American Depositary Share ( ADS ) ( 3 ) was $ 1.20 in Q2 2026 , compared to $ 1.31 in Q1 2026 • • Adjusted net loss ( non - GAAP ) ( 2 ) attributable to Daqo New Energy Corp. shareholders was $ 81.2 million in Q2 2026 , compared to $ 88.4 million in Q1 Adjusted loss per basic ADS ( 3 ) ( non - GAAP ) ( 2 ) was $ 1.20 in Q2 2026 , compared to adjusted loss per basic ADS ³ ) ( non- GAAP ) ( 2 ) of $ 1.31 in Q1 2026 ; EBITDA ( non - GAAP ( 2 ) was negative $ 29.3 million in Q2 2026 , compared to negative $ 83.1 million in Q1 2026 ; EBITDA margin ( non - GAAP ) ( 2 ) was negative 46.8 % in Q2 2026 , compared to negative 311.1 % in Q1 2026 US $ millions except as indicated otherwise Revenues Gross loss Three months ended Jun . 30 , Mar. 31 , Jun . 30 , 2026 2026 2025 62.7 26.7 75.2 ( 82.7 ) ( 139.4 ) ( 81.4 ) Gross margin Loss from operations ( 132.0 ) % ( 521.5 ) % ( 108.3 ) % ( 98.1 ) ( 150.8 ) ( 115.0 ) Net loss attributable to Daqo New Energy Corp. shareholders ( 81.2 ) ( 88.4 ) ( 76.5 ) Loss per basic ADS ( 3 ) ( $ per ADS ) ( 1.20 ) ( 1.31 ) ( 1.14 ) Adjusted net loss ( non - GAAP ) ( 2 ) attributable to Daqo New Energy Corp. shareholders ( 81.2 ) ( 88.4 ) ( 57.9 ) Adjusted loss per basic ADS ( 3 ) ( non - GAAP ) ( 2 ) ( $ per ADS ) ( 1.20 ) ( 1.31 ) ( 0.86 ) EBITDA ( non - GAAP ) ( 2 ) ( 29.3 ) ( 83.1 ) ( 48.2 ) EBITDA margin ( non - GAAP ) ( 2 ) ( 46.8 ) % ( 311.1 ) % ( 64.0 ) % Polysilicon sales volume ( MT ) 15,190 4,482 18,126 Polysilicon average total production cost ( $ / kg ) ( 1 ) Polysilicon average cash cost ( excl . dep'n ) ( $ / kg ) ( 1 ) 5.95 5.95 7.26 4.57 4.59 5.12 Notes : ( 1 ) Production cost and cash cost only refer to production in our polysilicon facilities . Production cost is calculated by the inventoriable costs relating to production of polysilicon divided by the production volume in the period indicated . Cash cost is calculated by the inventoriable costs relating to production of polysilicon excluding depreciation cost and non - cash share - based compensation cost , divided by the production volume in the period indicated .