Rogers Corporation Delivers Solid Results in Q1 2026: Strong Growth Across End Markets and Improved Profitability
Rogers Corporation, a leading supplier of advanced materials and solutions, delivered solid results in the first quarter of 2026, with all financial metrics meeting or exceeding the midpoint of its guidance for the third consecutive quarter. In a conference call on April 28th, Interim President and CEO Ali El-Haj highlighted the company's progress towards its commercial and profitability initiatives.
Q1 sales reached $201 million, representing a 5% increase year-over-year from foreign currency benefits and higher industrial demand in the U.S. While adverse weather conditions and supplier disruptions impacted operations at some of the company's U.S. plants, the results demonstrate the resilience and adaptability of Rogers' business.
The company achieved significant year-over-year improvements in profitability, with adjusted EPS more than doubling to $0.75 per share and adjusted EBITDA margins expanding 580 basis points to 16%. For the second quarter, Rogers is forecasting sales growth of 6% at the midpoint of its guidance, driven by expected increases in automotive, industrial, and electronics end markets.
Rogers' reporting structure has been streamlined into four primary end markets: industrial, automotive, electronic and communications, and aerospace and defense. The industrial market, which accounts for 37% of sales, saw a double-digit increase in Q1 compared to the same period last year, driven by improved manufacturing PMI activity in the U.S. and Europe, as well as additional market share wins with traditional customers.
The automotive market segment, representing 24% of revenue, experienced a high single-digit decline year-over-year due to lower global light vehicle production and weakness in the U.S. EV market. However, Rogers is seeing positive design win momentum, which it expects to translate to robust sales growth in coming quarters.
The electronic and communications market segment saw significant growth, driven by higher smartphone and wireless infrastructure sales. Aerospace and defense sales improved slightly from last year, with commercial aerospace sales leading the way.
Rogers' focus on growing its top line remains a priority, and the company secured several design wins in Q1 to support this goal. The high frequency circuit material was designed into a new automotive radar application with a leading Asian OEM, demonstrating Rogers' ability to secure strategic partnerships and drive growth across end markets.
The improved Q1 results and stronger Q2 outlook demonstrate the progress Rogers is making towards its commercial and profitability initiatives. With an intense focus on improving its multi-year growth outlook, the company is poised for continued success in 2026 and beyond."
