Rogers Stock Earnings Reports

Rogers reported solid Q1 2026 results: revenue $201M (up 5% y/y, aided by FX), adjusted EPS $0.75 (more than doubled), and adjusted EBITDA margin expanded 580 bps to 16%. Management cites weather and supplier disruptions that modestly curtailed sales but says results met or exceeded guidance midpoint for the third consecutive quarter. The company reorganized reporting into 4 end markets (Industrial 37%, Automotive 24%, Electronics & Communications 18%, Aerospace & Defense 15%) and saw double-digit growth in Industrial and Electronics. Several design wins were secured (EV battery applications, automotive radar), with many slated to enter production between Q2–Q4 2026. Data center opportunities (microchannel coolers and high-frequency materials) are progressing, but material revenue is not expected until 2027 at the earliest. Rogers is executing profitability initiatives, expecting ~$13M of additional annualized savings from the Curamik Germany restructuring (bringing cumulative run-rate savings to ~$45M when combined with prior actions). Q2 2026 guidance: revenue $210–$220M (midpoint +6% y/y), gross margin ~32.5–33.5%, adjusted EBITDA $35–$41M (midpoint ~17.7%), adjusted EPS $0.90–$1.10. Cash $196M at quarter end, Q1 capex $4.7M with full-year guidance $30–$40M. Management says overall capacity is sufficient for near-term demand, with regional rebalancing as needed rather than significant new capacity investments. Capital allocation priorities balance organic growth, targeted M&A evaluation, and potential R&D-related CapEx.