Rogers (NYSE:ROG) Issues Quarterly Earnings Results

Rogers (NYSE:ROG) announced its earnings results on Tuesday. The electronics maker reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.07), FiscalAI reports. The business had revenue of $216.80 million for the quarter, compared to analysts’ expectations of $215.00 million. Rogers had a net margin of 3.75% and a return on equity of 5.18%. Rogers updated its Q3 2026 guidance to 1.100-1.300 EPS.

Here are the key takeaways from Rogers’ conference call:

• Q2 results improved significantly: Sales rose 6.9% year over year to $216.8 million, while adjusted EBITDA increased 55% to $37.6 million and margin expanded 550 basis points to 17.3%. Adjusted EPS was $0.92, up 171% year over year.
• Management issued a strong Q3 outlook, forecasting revenue of $233 million to $243 million, or 10% growth at the midpoint, with adjusted EBITDA margin near 19.7% and adjusted EPS of $1.10 to $1.30. Growth is expected across all major end markets, led by aerospace and defense and general industrial.
• Commercial momentum remains broad-based: Industrial and electronics and communications delivered strong growth, smartphone sales benefited from higher-end product mix and share gains, and new automotive and EV design wins are expected to support stronger second-half sales.
• AI and data-center opportunities are advancing: Rogers is progressing customer testing of its microchannel cooling technology and sampling high-frequency circuit materials with multiple prospective customers, with initial feedback described as positive. Management plans to provide more detail at its September 30 investor day.
• Cost and supply-chain headwinds persist. Raw-material shortages, longer freight transit times, higher commodity costs, and underutilization during the China ceramic-factory ramp weighed on Q2 EPS and are expected to pressure Q3 gross margin; the company also experienced a temporary plant fire, which management said has been resolved.

Rogers Stock Performance

ROG traded up $3.21 during trading on Thursday, hitting $120.00. 76,606 shares of the stock were exchanged, compared to its average volume of 233,007. The firm has a 50 day simple moving average of $144.26 and a 200 day simple moving average of $123.26. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 68.55 and a beta of 0.48. Rogers has a 1 year low of $61.17 and a 1 year high of $169.00.

Wall Street Analyst Weigh In

Several brokerages have commented on ROG. B. Riley Financial upped their price objective on Rogers to $200.00 and gave the company a “buy” rating in a research report on Monday, June 15th. Zacks Research lowered shares of Rogers from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings upgraded shares of Rogers from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $200.00.

Insider Buying and Selling at Rogers

In related news, SVP Brian Keith Larabee sold 830 shares of Rogers stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $135.91, for a total value of $112,805.30. Following the completion of the sale, the senior vice president directly owned 5,515 shares in the company, valued at $749,543.65. The trade was a 13.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.08% of the company’s stock.

Institutional Trading of Rogers

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Invesco Ltd. lifted its position in shares of Rogers by 6.8% during the second quarter. Invesco Ltd. now owns 84,048 shares of the electronics maker’s stock valued at $5,756,000 after buying an additional 5,352 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Rogers by 12.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 168,148 shares of the electronics maker’s stock valued at $15,397,000 after buying an additional 18,716 shares in the last quarter. Concentric Capital Strategies LP purchased a new position in shares of Rogers in the 3rd quarter worth approximately $5,287,000. Public Sector Pension Investment Board grew its position in shares of Rogers by 6.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 57,436 shares of the electronics maker’s stock worth $3,933,000 after buying an additional 3,574 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of Rogers by 15.8% during the 4th quarter. Federated Hermes Inc. now owns 38,614 shares of the electronics maker’s stock worth $3,536,000 after acquiring an additional 5,274 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

About Rogers

Rogers Corporation (NYSE: ROG) is a global technology and materials company specializing in the development and manufacture of engineered materials and components. The company designs and produces a broad portfolio of high-performance elastomeric, foam, silicone, adhesive and thermal management solutions, as well as advanced circuit board laminates. Its products are engineered to meet stringent requirements in areas such as electrical insulation, thermal performance and electromagnetic shielding.

Rogers serves a diverse range of end markets, including automotive, aerospace and defense, telecommunications, consumer electronics and industrial applications.