Daqo New Energy Corp. (DQ) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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DQ Revenue Growth
Revenue Breakdown (FY 2017)
DQ's revenue distribution by segment and geography for fiscal year 2017
By Product/Segment
DQ Revenue Analysis (2014–2025)
As of May 7, 2026, Daqo New Energy Corp. (DQ) generated trailing twelve-month (TTM) revenue of $568.8 million, reflecting significant decline in growth of -78.4% year-over-year. The most recent quarter (Q1 2026) recorded $26.7 million in revenue, down 87.9% sequentially.
Looking at the longer-term picture, DQ's 5-year compound annual growth rate (CAGR) stands at -0.3%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $4.61 billion in 2022.
Revenue diversification analysis shows DQ's business is primarily driven by Product (100%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including RUN (+52.4% YoY), FSLR (+27.3% YoY), and CSIQ (-6.6% YoY), DQ has underperformed the peer group in terms of revenue growth. Compare DQ vs RUN →
DQ Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| DQCurrent | $569M | -78.4% | -0.3% | -40.6% | |
 RUN | $3.0B | +52.4% | +26.2% | -4.3% | |
 FSLR | $5.2B | +27.3% | +14.0% | 32.3% | |
 CSIQ | $5.6B | -6.6% | +10.0% | -0.5% | |
 JKS | $63.7B | -32.7% | +12.6% | -11.1% | |
 SOL | $92M | -30.5% | -5.0% | -0.5% |
DQ Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $665.4M | -35.3% | $-137,851,000 | -20.7% | $-270,235,000 | -40.6% |
| 2024 | $1.03B | -55.4% | $-212,932,000 | -20.7% | $-564,092,000 | -54.8% |
| 2023 | $2.31B | -49.9% | $920.6M | 39.9% | $783.4M | 33.9% |
| 2022 | $4.61B | +174.5% | $3.41B | 74.0% | $3.04B | 66.0% |
| 2021 | $1.68B | +148.5% | $1.10B | 65.4% | $1.05B | 62.6% |
| 2020 | $675.6M | +93.0% | $234.0M | 34.6% | $187.9M | 27.8% |
| 2019 | $350.0M | +16.0% | $80.1M | 22.9% | $47.5M | 13.6% |
| 2018 | $301.6M | -14.5% | $98.1M | 32.5% | $81.5M | 27.0% |
| 2017 | $352.9M | +54.0% | $143.5M | 40.7% | $128.7M | 36.5% |
| 2016 | $229.1M | +25.9% | $80.4M | 35.1% | $65.4M | 28.6% |
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Start ComparisonDQ — Frequently Asked Questions
Quick answers to the most common questions about buying DQ stock.
Is DQ's revenue growth accelerating or slowing?
DQ revenue declined -78.4% year-over-year, contrasting with the 5-year CAGR of -0.3%. TTM revenue fell to $569M. This reverses the prior growth trend.
What is DQ's long-term revenue growth rate?
Daqo New Energy Corp.'s 5-year revenue CAGR of -0.3% reflects the variable expansion pattern. Current YoY growth of -78.4% is below this long-term average.
How is DQ's revenue distributed by segment?
DQ reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.