moneyheap
ROG · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Rogers Corporation (ROG) stock moving?
Rogers reported Q3 2026 results on Oct 27, showing year-over-year growth in sales, adjusted EBITDA and adjusted EPS, though the available text gives no exact figures. The stock opened at $146.19 on Oct 28 on heavy volume of 415,462 shares, hit an intraday high of $151.70, and closed at $140.79, a sharp intraday reversal. Shares then slid steadily to a close of $115.74 on Nov 5 (intraday low $114.54) on 297,180 shares, a decline of roughly 18% from the Oct 28 close. Since then the stock has rebounded to $128.28 on Nov 10, though volume on Nov 10 was lighter at 161,289 shares, and the close remains well below the Oct 28 post-earnings level. Analyst coverage stays positive: Freedom Capital Markets raised its target to $190 on Oct 28, and B. Riley kept a Buy rating on Nov 9 while trimming its target to $180. Both targets imply substantial upside from the current price, but the target cut and the post-earnings sell-off show that sentiment has weakened since the results. No further company news, guidance details or deal announcements appear in the supplied items.
News behind the analysis
- B. Riley Securities Maintains Buy on Rogers, Lowers Price Target to $180B. Riley kept its Buy rating on Rogers but cut its price target to $180. The target still sits well above the Nov 10 close of $128.28.
- Freedom Capital Markets Maintains Buy on Rogers, Raises Price Target to $190Freedom Capital Markets kept its Buy rating and raised its price target to $190 after the Q3 2026 results.
- Rogers Corporation Reports Third Quarter 2026 ResultsRogers reported year-over-year growth in sales, adjusted EBITDA and adjusted earnings per share for Q3 2026. The item gives no specific figures.
About Rogers Corporation
Rogers Corporation, based in Chandler, Arizona, makes specialty engineered materials used in electric and hybrid vehicles, car radar and safety systems, wireless infrastructure, renewable energy, industrial equipment, aerospace and defense, and more and more in AI data centers. What sets it apart is its focus on high-performance circuit materials, ceramic power substrates and elastomeric foams that are designed into customers' products, and in 2026 it has been recovering its earnings after a weak 2025.
How it makes money
Rogers sells materials to manufacturers through two main segments. Advanced Electronics Solutions (AES) makes high-frequency circuit laminates and ceramic substrates for power electronics, used in EVs, wireless and radar, industrial drives and data centers. Elastomeric Material Solutions (EMS) makes engineered foams and polymers for sealing, cushioning and protection, used in cars, aerospace and defense, and consumer electronics. Each segment brings in roughly half of sales. Quarterly revenue ran about $200–236 million in 2026, so annual sales are roughly $850–900 million (approximate).
What usually moves ROG
- EV/hybrid vehicle production and automotive demand
- Wireless infrastructure, radar and defense spending
- AI data-center power and connectivity design wins
- Factory utilization and cost-cutting effects on margins
- Industrial cycle and demand in China and Asia