Rogers Corp Q1 Revenue $200.5M, Secures EV Battery and Radar Design Wins
Rogers Corp posted Q1 revenue of $200.5M and net income of $4.5M with adjusted EPS of $0.75 after $4.4M of restructuring costs in Germany. The company secured design wins in EV battery and radar applications set for production in Q2–Q4 and guided Q2 revenue of $210M–$220M and EPS of $0.90–$1.10.
1. Q1 Financial Results
Rogers Corp delivered Q1 revenue of $200.5M and net income of $4.5M, achieving adjusted EPS of $0.75 after accounting for restructuring costs. All metrics met or exceeded the midpoint of guidance for the third consecutive quarter, reflecting strength across specialty materials segments.
2. Restructuring Efforts and Cost Savings
The company recognized $4.4M in restructuring costs in Germany during Q1, with additional charges expected in Q2 and Q3. Combined with prior actions, these measures are projected to deliver $13M in annualized savings and contribute to a cumulative $45M in operational cost reductions.
3. Automotive and Electronics Design Wins
Rogers secured key design wins in EV battery and radar applications with an Asian OEM, slated to enter production between Q2 and Q4. These wins are expected to drive robust sales growth in the Automotive and Electronics segments over the coming quarters.
4. Data Center Outlook
Revenue from the data center opportunity will be limited in 2026, primarily driven by prototype and sampling activities. The company anticipates meaningful data center sales to materialize in Q3 or Q4 of 2027, contingent on customer development and qualification timelines.