Rogers Q2 adjusted EPS misses analyst expectations despite high industrial, electronics demand

Rogers

28/07/2026 21:24

Overview
U.S. engineered materials maker's Q2 sales rose 6.9% year-over-year
Adjusted EPS for Q2 missed analyst expectations
Sales growth driven by industrial and electronics end markets, aided by favorable currency impact

Outlook
Rogers sees Q3 net sales of $233 mln to $243 mln
Company expects Q3 adjusted EPS of $1.10 to $1.30
Rogers forecasts Q3 gross margin of 33.2% to 34.2%

Result Drivers
INDUSTRIAL AND ELECTRONICS DEMAND - Co said higher sales were concentrated primarily in the industrial, and electronics and communications end markets
CURRENCY IMPACT - Co said currency exchange rates favorably affected net sales in the second quarter by $5.3 mln compared to the prior year
OPERATING EXPENSES - Co said improvement in adjusted earnings resulted from higher sales and gross margin and lower operating expenses

Company press release: ID:nBw2Gxn3Ka

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Slight Beat*
$216.80 mln
$215.50 mln (2 Analysts)
Q2 Adjusted EPS
Miss
$0.92
$0.99 (3 Analysts)
Q2 Adjusted EBITDA
 
$37.60 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for Rogers Corp is $200.00, about 54.7% above its July 27 closing price of $129.32
The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 31 three months ago

Reuters Recommended Reads
July 27 - Element Solutions Q2 sales beat estimates on electronics segment strength 
July 28 - Netherlands' ASM International Q2 revenue rises on AI-related demand, raises FY forecast
July 28 - Illinois Tool Works raises annual profit forecast on strong industrial demand

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)