Rogers Corporation Reports Third Quarter 2026 Results
ROGERS CORP (ROG) filed an SEC Form 8-K — Results of Operations and Financial Condition. Rogers Corporation Reports Third Quarter 2026 Results • Net sales of $236.1 million increased 9.3% year-over-year (YoY) • Gross margin of 34.2% increased 70 basis points YoY • Net income of $22.6 million increased by $14.0 million YoY • Adjusted EBITDA of $47.7 million increased
How this was made
The 30-second read
Why it matters
The earnings beat and guidance may attract short‑term buying interest, but execution risk remains.
Market read
Earnings release is the primary catalyst for the stock today.
What to watch
Currency headwinds and potential supply‑chain constraints in Europe and Asia could temper growth.
Rogers Corporation Reports Third Quarter 2026 Results
Net sales increased 9.3% year-over-year, gross margin increased 70 basis points, net income increased by $14.0 million, and adjusted EBITDA increased by $10.5 million.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| Q3 2026 net salesGAAP | $236.1M | – | 9.3% |
| Q3 2026 cost of salesGAAP | $155.4M | – | – |
| Q3 2026 gross marginGAAP | $80.7M | – | – |
| Q3 2026 gross margin percentageGAAP | 34.2% | – | increased 70 basis points YoY |
| Q3 2026 selling, general and administrative expensesGAAP | $42.6M | – | – |
| Q3 2026 research and development expensesGAAP | $7M | – | – |
| Q3 2026 restructuring and impairment chargesGAAP | $1M | – | – |
| Q3 2026 other operating expense, netGAAP | — | – | – |
| Q3 2026 operating incomeGAAP | $30.1M | – | – |
| Q3 2026 other income, netGAAP | $300K | – | – |
| Q3 2026 interest income, netGAAP | $600K | – | – |
| Q3 2026 income before income taxesGAAP | $31M | – | – |
| Q3 2026 income tax expenseGAAP | $8.4M | – | – |
| Q3 2026 net incomeGAAP | $22.6M | – | increased by $14.0 million YoY |
| Q3 2026 basic earnings per shareGAAP | $1.27 | – | – |
| Q3 2026 diluted earnings per shareGAAP | $1.26 | – | increased by $0.78 YoY |
| Q3 2026 weighted average shares outstanding - basicGAAP | 17.8M | – | – |
| Q3 2026 weighted average shares outstanding - dilutedGAAP | 17.9M | – | – |
| Q3 2026 adjusted earnings per diluted sharenon-GAAP | $1.39 | – | increased by $0.49 YoY |
| Q3 2026 adjusted EBITDAnon-GAAP | $47.7M | – | increased by $10.5 million YoY |
| Q3 2026 adjusted EBITDA marginnon-GAAP | 20.2% | – | – |
| Q3 2026 net cash provided by operating activitiesGAAP | $41.4M | – | – |
| Q3 2026 non-acquisition capital expendituresother | $6M | – | – |
| Q3 2026 free cash flownon-GAAP | $35.4M | – | – |
| Nine months ended September 30, 2026 net salesGAAP | $653.4M | – | – |
| Nine months ended September 30, 2026 cost of salesGAAP | $437.7M | – | – |
| Nine months ended September 30, 2026 gross marginGAAP | $215.7M | – | – |
| Nine months ended September 30, 2026 selling, general and administrative expensesGAAP | $126M | – | – |
| Nine months ended September 30, 2026 research and development expensesGAAP | $21M | – | – |
| Nine months ended September 30, 2026 restructuring and impairment chargesGAAP | $7.6M | – | – |
| Nine months ended September 30, 2026 other operating expense, netGAAP | $300K | – | – |
| Nine months ended September 30, 2026 operating income (loss)GAAP | $60.8M | – | – |
| Nine months ended September 30, 2026 other income (expense), netGAAP | $1.7M | – | – |
| Nine months ended September 30, 2026 interest income, netGAAP | $1.2M | – | – |
| Nine months ended September 30, 2026 income (loss) before income taxesGAAP | $63.7M | – | – |
| Nine months ended September 30, 2026 income tax expenseGAAP | $23M | – | – |
| Nine months ended September 30, 2026 net income (loss)GAAP | $40.7M | – | – |
| Nine months ended September 30, 2026 basic earnings (loss) per shareGAAP | $2.29 | – | – |
| Nine months ended September 30, 2026 diluted earnings (loss) per shareGAAP | $2.27 | – | – |
Q4 2026 outlook
- Revenue$215 to $225
- Gross margin32.5% to 33.5%
- NoteAdjusted Earnings Per Diluted Share: $0.90 to $1.10
- NoteAdjusted EBITDA: $37 to $43
- Note2026 Capital Expenditures: $30 to $35
Capital returns
- Share repurchases totaled $9.3 million.
What drove it
- Higher sales were concentrated primarily in the electronics and communications and automotive end markets.
- Currency exchange rates favorably affected net sales in the third quarter of 2026 by $2.4 million compared to the prior year.
- The increase in adjusted earnings resulted primarily from stronger sales and improved margins.
- Management cited improved execution, closer customer engagement and a more efficient operating structure.
Concerns
- Q4 2026 net sales guidance is $215 to $225.
- Q4 2026 gross margin guidance is 32.5% to 33.5%.
- The company identified risks including volatility in growth opportunities, global trade policy dynamics, foreign currency exchange rates, supplier delivery, business interruptions, and asbestos-related product liability litigation.
What to watch
- Q4 2026 net sales guidance of $215 to $225.
- Q4 2026 gross margin guidance of 32.5% to 33.5%.
- Q4 2026 adjusted earnings per diluted share guidance of $0.90 to $1.10.
- Q4 2026 adjusted EBITDA guidance of $37 to $43.
- 2026 capital expenditures guidance of $30 to $35.
- Sales trends in the electronics and communications and automotive end markets.
Balance sheet and cash flow
- Third quarter ending cash and cash equivalents were $206.1 million.
- Short-term investments were $30.3 million.
- Cash and cash equivalents and short-term investments together increased by $25.0 million compared to the prior quarter.
- Cash and cash equivalents were $197.0 million at December 31, 2025.
- Short-term investments were — at December 31, 2025.
- Net cash provided by operating activities was $41.4 million.
- Capital expenditures were $6.0 million.
- Free cash flow was $35.4 million.
- Total assets were $1,459.8 million at September 30, 2026.
- Total liabilities and shareholders' equity were $1,459.8 million at September 30, 2026.
Analysis
Rogers reported Q3 2026 net sales of $236.1 million, up 9.3% year-over-year from $216.0 million. The company said higher sales were concentrated primarily in the electronics and communications and automotive end markets, while currency exchange rates favorably affected net sales by $2.4 million compared to the prior year. Gross margin was 34.2%, up 70 basis points year-over-year from 33.5% and above the 32.5% reported for Q2 2026.
Profitability improved materially. GAAP operating income was $30.1 million versus $15.7 million in Q3 2025, while net income was $22.6 million versus $8.6 million. Diluted earnings per share were $1.26, compared with $0.48 in the prior-year quarter. Adjusted earnings per diluted share rose to $1.39 from $0.90, and adjusted EBITDA increased to $47.7 million from $37.2 million. The company attributed the adjusted earnings increase primarily to stronger sales and improved margins.
Cash generation strengthened during the quarter. Net cash provided by operating activities was $41.4 million, free cash flow was $35.4 million, and capital expenditures were $6.0 million. Quarter-end cash and cash equivalents were $206.1 million and short-term investments were $30.3 million. Those balances together increased by $25.0 million compared to the prior quarter. The company also repurchased $9.3 million of shares.
For Q4 2026, Rogers guided net sales to $215 to $225, gross margin to 32.5% to 33.5%, adjusted earnings per diluted share to $0.90 to $1.10, and adjusted EBITDA to $37 to $43. Full-year 2026 capital expenditures are guided to $30 to $35. Management expects further year-over-year financial improvement and identified commercial execution, operational effectiveness, core markets, adjacent opportunities, and deep customer relationships as central to its growth strategy.
Management, verbatim
Third quarter results demonstrate the continued strengthening of Rogers’ financial performance, with year-over-year growth in sales, adjusted EBITDA and adjusted earnings per share. Improved execution, closer customer engagement and a more efficient operating structure continue to translate into stronger results.
Ali El-Haj, Rogers’ President and CEO
For the fourth quarter we expect further year-over-year improvement in our financial performance, as we build on our progress in commercial execution and operational effectiveness.
Ali El-Haj, Rogers’ President and CEO
Not in the filing
stated, not guessed- Prior-period outlook was not provided, so comparison of Q3 2026 actual results with prior guidance is unavailable.
- Segment revenue was not reported.
- Segment-level year-over-year and quarter-over-quarter revenue changes were not reported.
- Debt was not reported.
- Dividend information was not reported.
- Q4 2026 operating expense guidance was not reported.
- Q4 2026 tax-rate guidance was not reported.
- A forward-looking GAAP reconciliation for adjusted earnings per diluted share and adjusted EBITDA guidance was not provided.
AlphAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
Rogers Corp (NYSE:ROG) reported Q3 2026 financials and provided outlook for Q4 2026.
Ticker impact
Rogers Corp disclosed Q3 2026 results with higher sales, earnings and provided Q4 guidance.
upward pressure as investors price in stronger performance and outlook
Revenue and EPS rose sharply YoY and management issued guidance above prior year levels, indicating improved fundamentals.
Market effects
Materials sector may see modest uplift from Rogers' stronger results.
U.S. investors may view the earnings as a sign of resilience in engineered materials.
Limited to investors tracking U.S. industrial stocks.
Counterpoint
If the guidance range is seen as modest, the stock could face profit‑taking after the initial rally.
Key entities
- companyRogers Corp
Global engineered materials provider.
