Quanex Q2 2026 net sales grew 2% YoY to $462.4M amid margin pressure

Quanex reported Q2 2026 net sales of $462.4M, up 2% year-over-year, but gross margin declined to 25.5% from 29.0% due to unfavorable price-versus-cost dynamics driven by inflation and geopolitical tensions. The company expects to recover margin shortfalls in H2 2026 as it implements pricing adjustments and assumes normal seasonal volume patterns continue.