Daqo (DQ) Cuts Its Losses While Betting On An AI Pivot

Daqo New Energy reported second-quarter results on August 20 that reflected diverging trends in its core business and strategic initiatives. Revenue reached $62.7 million, a significant increase from $26.7 million in the first quarter of 2026, following a resumption of normal sales activity in June. Accompanying the revenue growth were improvements across multiple loss metrics: gross loss narrowed to $82.7 million from $139.4 million, net loss declined to $81.2 million from $88.4 million, and E