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Rogers
(NYSE:ROG)
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Rating:70Outperform
Price Target:
$137.00
▲(9.83% Upside)
Action:Reiterated
Date:10/01/26
ROG scores well on financial strength and cash flow improvement, supported by constructive guidance and a positive operational recovery narrative. These positives are tempered by a demanding valuation (high P/E with no dividend yield) and technicals that show strong momentum but near-overbought conditions.
Positive Factors
Very low leverage
The exceptionally low leverage provides Rogers with financial flexibility through operating downturns and reduces interest and refinancing pressure. A strong equity base can also support investment, customer programs, or strategic initiatives without relying heavily on additional borrowing.
Negative Factors
Profitability remains below prior peaks
Although earnings have recovered from the 2025 loss, revenue and margins have not returned to earlier levels. The gap indicates that the recovery is incomplete and that sustained improvement in demand, cost structure, and operating execution is still required.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
The exceptionally low leverage provides Rogers with financial flexibility through operating downturns and reduces interest and refinancing pressure. A strong equity base can also support investment, customer programs, or strategic initiatives without relying heavily on additional borrowing.
Read all positive factors
Rogers Key Performance Indicators (KPIs)
Any
Gross Profit by Segment
Compares profitability across segments to show which businesses generate the most margin and which are cost or investment intensive, helping investors understand where cash generation comes from and which segments are most sensitive to price or cost pressure.
Compares profitability across segments to show which businesses generate the most margin and which are cost or investment intensive, helping investors understand where cash generation comes from and which segments are most sensitive to price or cost pressure.
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The Fly
The FlyRogers (ROG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.23B
Dividend YieldN/A
Average Volume (3M)270.67K
Price to Earnings (P/E)72.2
Beta (1Y)1.04
Revenue Growth4.90%
EPS GrowthN/A
CountryUS
Employees3,000
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)1.73
Shares Outstanding17,868,336
10 Day Avg. Volume218,676
30 Day Avg. Volume270,665
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)1.41
Price to Sales (P/S)2.08
P/FCF Ratio23.70
Enterprise Value/Market Cap1.24
Enterprise Value/Revenue3.34
Enterprise Value/Gross Profit10.50
Enterprise Value/Ebitda24.31
Forecast
1Y Price Target
$190.00Price Target Upside52.32% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)3.67
Revenue Forecast (FY)$872.35M
Rogers Business Overview & Revenue Model
Company Description
Rogers Corporation, established in 1832 and headquartered in Chandler, Arizona, operates as a global enterprise specializing in the engineering, production, and sale of advanced materials and components. Its business activities are organized into ...
How the Company Makes Money
Rogers primarily makes money through recurring service revenues from subscriptions and usage across its telecom businesses, complemented by revenue from its media operations. Its largest revenue stream is typically wireless: customers pay monthly ...
Rogers Earnings Call Summary
Earnings Call Date:Jul 28, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 27, 2026
Earnings Call Sentiment Positive
The call conveyed clear momentum: revenue growth, substantial year-over-year profitability improvement, positive cash generation and constructive guidance for Q3 (10% revenue growth and margin expansion). Management also highlighted promising R&D progress in AI/data-center cooling and high-frequency materials and reiterated cost-savings progress and strategic flexibility for M&A. Offsetting these positives are notable near-term headwinds from supply chain disruptions (raw materials and freight), China-factory underutilization, a onetime plant event that reduced EPS versus the midpoint, elevated non-GAAP tax rate, and working capital build. Overall, the highlights modestly outweigh the lowlights given strong underlying growth, margin recovery and a confident outlook, but the company faces several operational and cost pressures in the near term.Positive Updates
Revenue Growth and Beat
Q2 sales of $216.8 million, up 6.9% year-over-year and above the midpoint of guidance; company expects Q3 revenue of $233M–$243M with a midpoint implying ~10% year-over-year growth.
Negative Updates
Supply Chain Disruptions and Commodity Tightness
Ongoing raw material tightness (notably silver and copper) and freight/logistics delays (transit times stretched from 4–6 weeks to over 12 weeks in some cases) pressured results and contributed materially to near-term margin headwinds.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue Growth and Beat
Q2 sales of $216.8 million, up 6.9% year-over-year and above the midpoint of guidance; company expects Q3 revenue of $233M–$243M with a midpoint implying ~10% year-over-year growth.
Read all positive updates
Company Guidance
Rogers guided Q3 revenue of $233–243 million (midpoint $238M, +10% year‑over‑year), gross margin 33.2%–34.2% (midpoint 33.7%, ≈ +20 bps YoY), adjusted EBITDA $44–50 million (midpoint $47M, ~19.7% margin at the midpoint, ≈ +250 bps YoY), and adjusted EPS $1.10–1.30 (midpoint $1.20 vs. $0.90 in Q3 2025); the company reiterated growth across all end markets with particular strength in aerospace & defense and general industrial, expects a full‑year non‑GAAP tax rate of ~32% and full‑year capex of $30–35M, and noted the guide already incorporates near‑term headwinds including ~85 bps of China ramp underutilization and ongoing commodity and freight pressures.Rogers Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
86
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 827.20M | 810.80M | 830.10M | 908.40M | 971.20M | 932.90M |
| Gross Profit | 263.20M | 256.80M | 277.10M | 307.10M | 321.00M | 349.10M |
| EBITDA | 113.70M | 9.20M | 98.30M | 127.50M | 113.10M | 169.90M |
| Net Income | 31.30M | -61.80M | 26.10M | 56.60M | 116.60M | 108.10M |
Balance Sheet | ||||||
| Total Assets | 1.45B | 1.43B | 1.48B | 1.52B | 1.65B | 1.60B |
| Cash, Cash Equivalents and Short-Term Investments | 211.40M | 197.00M | 159.80M | 131.70M | 235.90M | 232.30M |
| Total Debt | 20.60M | 21.80M | 24.60M | 50.00M | 228.50M | 190.41M |
| Total Liabilities | 241.70M | 234.20M | 229.50M | 258.20M | 473.70M | 479.67M |
| Stockholders Equity | 1.20B | 1.20B | 1.25B | 1.26B | 1.17B | 1.12B |
Cash Flow | ||||||
| Free Cash Flow | 112.90M | 71.10M | 71.00M | 74.40M | 12.70M | 53.30M |
| Operating Cash Flow | 106.00M | 101.20M | 127.10M | 131.40M | 129.50M | 124.40M |
| Investing Cash Flow | -51.70M | -14.80M | -45.60M | -47.90M | -113.10M | -238.60M |
| Financing Cash Flow | -28.90M | -53.90M | -50.10M | -190.30M | -10.10M | 159.00M |
Rogers Technical Analysis
Negative
124.74
Price Trends
136.07
Negative
138.74
Negative
126.85
Negative
Market Momentum
-1.86
Positive
35.30
Neutral
20.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ROG, the sentiment is Negative. The current price of 124.74 is below the 20-day moving average (MA) of 143.89, below the 50-day MA of 136.07, and below the 200-day MA of 126.85, indicating a bearish trend. The MACD of -1.86 indicates Positive momentum. The RSI at 35.30 is Neutral, neither overbought nor oversold. The STOCH value of 20.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ROG.
Rogers Risk Analysis
Rogers disclosed 22 risk factors in its most recent earnings report. Rogers reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Rogers Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $1.52B | 21.93 | 12.52% | 0.30% | 8.48% | 13.14% | |
70 Outperform | $2.23B | 72.23 | 2.61% | ― | 4.90% | ― | |
70 Outperform | $8.12B | 44.79 | 22.49% | 1.26% | 41.38% | 115.22% | |
67 Neutral | $2.80B | 49.88 | 10.97% | 0.14% | 25.26% | -4.61% | |
65 Neutral | $8.92B | -901.00 | -0.32% | 0.87% | 15.44% | -108.08% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $8.44B | 31.17 | 14.18% | ― | 37.56% | 99.62% |
* Technology Sector Average
ROG
Rogers
124.96
38.51
44.55%
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Rogers Corporate Events
Business Operations and StrategyFinancial Disclosures
Rogers Delivers Strong Q2 Turnaround in Profitability
Positive
Jul 28, 2026
On July 28, 2026, Rogers Corporation reported a sharp turnaround in second-quarter 2026 performance, with net sales rising 6.9% year over year to $216.8 million and gross margin improving to 32.5%. The company moved from a $73.6 million net loss i...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.