Daqo New Energy produces high-purity polysilicon used as the primary feedstock for solar wafers and cells. Its manufacturing is concentrated in China and serves photovoltaic supply chains rather than finished solar panels for end customers. Cost position and product purity in solar-grade polysilicon are central to its role in the upstream PV materials market.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q4 2024 | 195.4 | — | -180.2 | — |
| Q1 2025 | 123.9 | — | -71.8 | — |
| Q2 2025 | 75.2 | — | -76.5 | — |
| Q3 2025 | 244.6 | — | -14.9 | — |
| Q1 2026 | 26.7 | -78.4% | -88.4 | — |
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