Rogers Corporation

TTM Technologies reported record quarterly net sales of $1.00 billion for its second quarter, up 37.4% year on year and 4.8% above analysts' expectations, with next-quarter revenue guidance also exceeding consensus. Chief Executive Officer Edwin Roks credited robust Data Center and Networking demand, which rose 91% year on year, along with 33% growth in the Medical, Industrial and Instrumentation end market and 14% growth in Aerospace and Defense. The stock has fallen 6% since the results and trades at $123.42. Across the 10 electronic components and manufacturing stocks tracked in the group, revenues beat consensus by 4.7% and next-quarter revenue guidance came in 6.3% above estimates, with share prices up 2.1% on average since reporting. Amphenol led the group with revenue of $8.76 billion, up 55% year on year, while Jabil posted $10.62 billion, up 28.6%, and Plexus reported $1.30 billion, up 28.1%; Rogers was the weakest, with revenue of $216.8 million, up 6.9%, and a significant miss on earnings per share.

Flex reported second-quarter revenues of $7.93 billion, up 20.6% year on year and 5.4% above analysts' expectations, in what the company called an exceptional quarter. The electronic components and manufacturing sector as a whole beat consensus revenue estimates by 4% and guided next quarter's revenue 6% above expectations, though average share prices are down 8.3% since earnings. Flex also exceeded analysts' EPS guidance for next quarter, but its stock fell 5.8% after reporting and now trades at $106.73. Among peers, Amphenol posted the fastest revenue growth at 55% year on year and its stock rose 8.3%, while Rogers delivered the weakest performance against estimates with a significant EPS miss.

Rogers Corporation guided third-quarter revenue to between $233 million and $243 million, with adjusted EBITDA of $44 million to $50 million and adjusted EPS of $1.10 to $1.30. The outlook includes growth across all four major end markets, with significant strength in aerospace and defense and general industrial, though underutilization during the ramp of its Ceramic China factory is expected to be an 85-basis-point headwind. Second-quarter sales were $216.8 million, adjusted EBITDA was $37.6 million, and adjusted EPS came in at $0.92, below the midpoint of guidance due to supply chain headwinds, a small plant fire, and higher operating expenses. CEO Ali El-Haj noted that freight lead times have stretched to over 12 weeks and raw material shortages persist, while the company continues to advance microchannel cooler technology for AI and data center applications and plans to host an Investor Day on September 30, 2026.