Rogers Corporation (ROG) Stock Price & How to Invest

Rogers Corporation is a specialty materials company providing engineered materials and components for high-performance applications. The company organizes around three segments. Advanced Electronics Solutions (AES) makes high-frequency circuit materials, ceramic substrates, and busbar materials used in 5G/6G wireless infrastructure, automotive radar, aerospace and defense electronics, and electric vehicle power electronics. Elastomeric Material Solutions (EMS) makes engineered foam and rubber materials for sealing, vibration management, and impact protection in automotive, consumer electronics, and industrial applications.

The DuPont attempt to acquire Rogers (announced 2021, terminated 2022 after regulatory delays in China) highlighted the strategic value of Rogers's high-frequency materials portfolio. The terminated deal led to a sustained period of operational and strategic refocus by Rogers as a standalone company. Founded in 1832, headquartered in Chandler, Arizona, and now led by CEO Ali El-Haj.

The recent numbers show a business coming off a trough. Revenue over the trailing twelve months was ~$835 million, below the ~$971 million of 2022, and 2025 ended with a ~$62 million net loss. Profit has since returned: Q2 2026 revenue rose ~7% year over year to ~$217 million and net income reached ~$13.6 million, although adjusted EPS of $0.92 fell short of the ~$0.99 consensus after three straight beats. At its 2026 Analyst and Investor Day around the end of September, management guided 2026 to ~$870 million of sales and ~$3.80 of adjusted EPS, and set organic 2030 targets of more than $1.5 billion in sales (~13% a year), an adjusted EBITDA margin of ~26% (from 14.2% in 2025) and ~$14 of adjusted EPS. It expects new adjacencies (AI data center circuit materials and microchannel cooling, battery thermal runaway protection, and EMI shielding elastomers) to add more than $450 million of annual revenue by 2030. The shares jumped roughly 11% on the plan, and at $135.32 on October 16, 2026 they are up ~47% year to date and ~58% over one year.

Cyclical end markets (EV, 5G, automotive) have already shown how fast revenue can fall: sales dropped from ~$971 million in 2022 to ~$811 million in 2025, which ended in a ~$62 million net loss. Customer concentration in major automotive and infrastructure OEMs, competition from larger specialty materials peers, and China exposure and trade policy all remain. The newer risk is execution against the 2030 plan: the AI data center revenue that carries much of the target is not expected until the second half of 2027, and the margin path from 14.2% adjusted EBITDA in 2025 to ~26% in 2030 leaves little room for slippage. Valuation now prices some of that plan in, at ~79 times trailing and ~30 times forward earnings after a ~47% gain this year, and the Q2 2026 EPS miss ($0.92 vs ~$0.99) shows quarterly results can still disappoint. Only 3 analysts cover the stock, so estimates can move sharply.

3 analysts publish price targets on ROG, averaging $193.33 against a $133.37 price as of October 2026, or +45.0%. The published targets run from $170.00 to $225.00, a narrow spread, and the ratings split 3 buy, 0 hold, 0 sell. Over the last six months there have been 3 raises and 0 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full ROG forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Rogers Corporation. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. AI data centers as the new growth leg. At its 2026 investor day Rogers named AI data centers its largest new opportunity: low-loss circuit materials for high-speed signal integrity and microchannel cooling for high-power AI chips, both sold through Advanced Electronics Solutions. The most optimistic published target, $225.00, assumes this works close to its best case.

The case against. Cyclical end markets (EV, 5G, automotive) have already shown how fast revenue can fall: sales dropped from ~$971 million in 2022 to ~$811 million in 2025, which ended in a ~$62 million net loss. The most pessimistic target, $170.00, is roughly what ROG is worth if this bites instead.

Read the full bull and bear case on ROG, including what would have to change to break either one. Walnut is not an investment adviser.

No. Rogers Corporation (ROG) has not split its stock in the last 10 years. That is a statement about the window we check rather than about the company’s entire history, so an older split is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Rogers Corporation's investor relations page or your broker.

• Revenue (TTM): ~$835 million (Q2 2026 up ~7% year over year)
• Margins (TTM): ~32% gross, ~10% operating, ~4% net
• Net income (TTM): ~$31 million
• EPS (TTM GAAP / Q2 2026 adjusted): ~$1.72 / $0.92 vs ~$0.99 expected
• P/E (trailing / forward): ~79x / ~30x
• Price to sales: ~2.9x
• Market cap: ~$2.4 billion ($135.32, October 16, 2026)
• Free cash flow (TTM): ~$100 million
• Dividend yield: None (terminated during 2020-2022 strategic processes)

The trailing P/E of ~79 is distorted by thin GAAP earnings coming off the 2025 loss; on 2026 guidance of ~$3.80 of adjusted EPS the stock trades near 36 times, and on 2027 consensus of ~$4.55 near 30 times. That premium to traditional specialty chemicals reflects the investor day plan (more than $1.5 billion of sales and ~$14 of adjusted EPS by 2030) and the demonstrated strategic value from the DuPont bid. Q3 results on October 27, 2026 carry a consensus of ~$1.19 of EPS on ~$238 million of revenue, up ~10% from ~$216 million a year earlier.

If you want ROG exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.

These are the investment theses ROG naturally fits into. Each links to a full theme guide listing every other stock that belongs and the ETFs commonly used as a passive proxy.

Other names that sit close to ROG: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get ROG exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (JIRE), which spreads the position across many companies. Or build it into a focused thematic portfolio, so ROG sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where ROG fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

Rogers Corporation (ROG) is a niche, ultra-high-frequency materials supplier whose growth leans on EV power electronics, wireless and defense infrastructure, and now AI data center materials, with strategic value once highlighted by DuPont's terminated bid. As of October 16, 2026 the shares have rerated (up ~47% this year to ~$135, ~30 times forward earnings) on a 2030 plan that roughly doubles sales from ~$835 million today; in a portfolio it still behaves as a smaller-cap, cyclical specialty-materials satellite, and the Q3 report on October 27, 2026 is the first check against 2026 guidance of ~$870 million of sales and ~$3.80 of adjusted EPS.

Whether ROG is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is ROG a buy or a sell?, and where the stock could go from here in the ROG stock forecast.

For income investors, whether ROG pays a dividend and how the payout looks is covered in does ROG pay a dividend? And to weigh ROG against a peer, read the full side-by-side comparisons: ROG vs NVDA and ROG vs AMD.