Rogers Corporation (ROG)

NYSEInformation TechnologyHardware, Equipment & PartsSnapshot 2026-09-04

$127.82+1.21%

Close 2026-09-04 · 1-day change

Standing thesis

The standing, falsifiable read: what has to stay true, and what would break it.

Turnaround → Compounder

Intact: The reason to own it still holds.

The bull case

Rogers Corporation is improving its profits and cash flow sharply. Revenue grew from $190.5M to $200.5M in one year. Operating income rose from a loss to $10.7M. Cash from operations jumped from $11.7M to $58M, supporting investments.

The bear case

The recent sharp stock selloff shows investor doubts. Profit margins remain thin and valuation is high at 46.4 PE. Revenue growth may slow below analyst expectations of 9%.

What's priced in

The price is about 30% above our fair value near $105. The market expects about 9% revenue growth, but our model forecasts a 5-year decline of 5.3%. We see risk in sustaining growth and margins.

What has to stay true

Cash from operations at least $58M quarterlyBroken
Cash Flowsupporting>= $58M · 2026-Q1 (qualitative)
Breaks if: Cash from operations falls below $30M in any quarter
Gross margin near 33% next quarterImproving
Marginsupporting~33% · 2026-Q2 (guidance)
Breaks if: Gross margin falls below 30% in 2026-Q2
Operating income improvement to at least $10.7M quarterlyIntact
Management Executionprimary>= $10.7M · 2026-Q1 (qualitative)
Breaks if: Operating income falls below $0M in any quarter

Source: QuarterlyIQ research model· Written 2026-07-08· Health checked 2026-09-04· Version 1· Status: Intact· Reviewed when the evidence changes

This is not a price target or investment advice.

Current Outlook

Week of Sep 5, 2026

A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.

ROG's long-term thesis remains intact despite recent challenges.

What kind of bet this is

ROG is a turnaround story focusing on improving profitability and revenue growth. The current thesis state is stable, with management making progress on key priorities.

What's priced into Rogers Corporation (ROG)

The market currently prices ROG as a cheap option compared to its peers, with a slight expectations gap. There is low fragility in the stock, indicating that it is not overly sensitive to market shifts.

What the fundamentals likely do

Management is on track with initiatives to drive revenue growth and improve operating performance. Recent financial performance has been strong, but there is a history of earnings misses that could pose a risk.

What Rogers Corporation (ROG) hinges on

The thesis hinges on management's ability to maintain guidance and deliver consistent results. Additionally, external factors like Fed interest rate decisions and performance of sector peers will play a crucial role.

What changed in the latest read

What changed

The most important moves since the prior daily snapshot.

Short-term · Daily

No material changes since the prior snapshot.

Yes, our read has weakened. The latest earnings report showed a miss on expectations. This has raised concerns about the company's performance and outlook.

as of 2026-09-04

See upcoming information that could change the risk

Review the evidence to watch, what would become a concern, and what would make it less concerning.

Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.