Welcome to our dedicated page for Rackspace Technology news (Ticker: RXT), a resource for investors and traders seeking the latest updates and insights on Rackspace Technology stock.
Rackspace Technology, Inc. reports developments tied to its hybrid cloud, multicloud, and enterprise AI solutions business. Company updates commonly cover Private Cloud and Public Cloud performance, managed services, professional services, security and compliance offerings, and customer cloud environments across major platforms including AWS, Microsoft Azure, and Google Cloud.
Rackspace news also includes partnerships and product initiatives for governed enterprise AI infrastructure, sovereign cloud services, cyber recovery, data migration, and managed operations for regulated or mission-critical workloads. Recurring corporate updates include quarterly results, earnings-call schedules, leadership appointments, and changes within the company's cloud business units.
Rackspace Technology (NASDAQ:RXT) launched Rackspace Cloud, a fully managed multitenant cloud platform built on Broadcom’s VMware Cloud Foundation 9.1, initially available in Dallas and planned for North Virginia and Chicago. The service targets enterprises needing elastic VMware capacity for virtual machines, Kubernetes, and AI inference workloads with strict governance and control.
According to Rackspace, the platform offers elastic consumption on pre-staged infrastructure, integrated support for VMs and Kubernetes on a single environment, and enterprise-grade isolation, security, and lifecycle management, operated 24x7x365. The launch aligns with research showing 56% of organizations running or planning AI inferencing in private clouds as public cloud use declines.
Rackspace Technology (NASDAQ: RXT) appointed Chetan Gupta, Ph.D., as Chief AI Officer, leading the new Office of AI. He will oversee AI strategy, research, innovation, governance, and adoption across Rackspace and its customers, with a focus on regulated industries, sovereign jurisdictions, and mission-critical environments.
Gupta previously led global AI research at Hitachi, including roles heading the Advanced AI Center in Japan, the Industrial AI Lab in North America, and the Global AI Center of Excellence. He has authored nearly 300 papers and patents and holds a Ph.D. in mathematics from the University of Illinois Chicago.
Rackspace Technology (Nasdaq: RXT) reported second quarter 2026 revenue of $670 million, up 0.6% year-over-year, with Private Cloud revenue of $263 million (+5.5%) and Public Cloud revenue of $407 million (–2.3%). Loss from operations was $(33) million versus $(25) million a year earlier, and net loss was $(68) million, or $(0.27) per diluted share.
Non-GAAP Operating Profit held at $27 million year-over-year, while Non-GAAP Loss Per Share widened to $(0.08). Q2 capital expenditures were $28 million. Operating activities used $32 million of cash in Q2, though trailing-twelve-month operating cash flow was $104 million. The company ended June 30, 2026 with $111 million in cash and $202 million in total liquidity.
For full-year 2026, Rackspace guides revenue to $2.45–$2.55 billion, Non-GAAP Operating Profit of $125–$135 million, Adjusted EBITDA of $285–$295 million, and Non-GAAP Loss Per Share of $(0.25)–$(0.30).
Rackspace Technology (NASDAQ: RXT) has appointed Pranav Nambiar as Senior Vice President and General Manager, AI Infrastructure. He will oversee infrastructure, operating model, partnerships and go-to-market strategy for Rackspace's AI infrastructure offerings, with a focus on governed, sovereign and compliant compute for regulated and mission-critical enterprises.
Nambiar brings more than 20 years of experience from Amazon Web Services, DigitalOcean, Google and Microsoft, where he led major AI, data and cloud platform initiatives. Rackspace positions this hire as an acceleration of its investment in sovereign, enterprise-grade AI infrastructure.
Rackspace Technology (NASDAQ:RXT) will release its second quarter 2026 financial results on Tuesday, August 11, 2026, at 8:30 a.m. ET. CEO Gajen Kandiah and CFO Mark Marino will host a conference call and live webcast to discuss the results.
According to Rackspace Technology, investors can access the live webcast and replay via the company’s IR events webpage, while dial-in details and a personal PIN are provided upon pre-registration through a separate online link.
Rackspace Technology (NASDAQ: RXT) announced it has been named a leader in two categories in the 2026 ISG Provider Lens®, Private/Hybrid Cloud — Data Center Services report for the United States and the United Kingdom: AI-ready Infrastructure Managed Services — Midmarket, and Managed Cloud Hosting and Resilient Infrastructure Services.
ISG highlighted Rackspace’s AI-ready infrastructure, AI Reliability Engineering (AIRE) services, VMware Cloud Foundation-based solutions, flexible deployment options, and support for regulated industries across private, hybrid, and sovereign cloud environments.
Rackspace Technology (NASDAQ:RXT) outlined plans to accelerate its Enterprise AI growth vector and provided preliminary 2Q26 results plus an updated FY26 outlook.
FY26 revenue guidance was reduced by $150M and adjusted EBITDA by $20M, while the company highlighted new AI partnerships, capacity plans, and margin targets.
Rackspace Technology (NASDAQ:RXT) and Palantir Technologies (NASDAQ:PLTR) executed a definitive agreement creating an operating framework to deploy Palantir Foundry and AIP for regulated and sovereign enterprises. Rackspace becomes a preferred operator for on-premise, private cloud, and sovereign deployments, providing governed infrastructure, certified engineers, and managed operations.
Rackspace has scaled to about 400 Palantir certifications, closed a first joint deployment in under two months delivering a 94% quote-cycle reduction, and plans to run over 70% of its back-office on Foundry and AIP.
Rackspace Technology (NASDAQ:RXT) and AMD (NASDAQ:AMD) signed a definitive agreement for phased deployment of 30 MW of AMD-based AI compute across Rackspace data centers from late 2026 through 2028.
The collaboration targets governed enterprise AI infrastructure for regulated and sovereign environments, integrating AMD Instinct GPUs and EPYC CPUs into Rackspace’s Enterprise AI Cloud stack.
Rackspace Technology (Nasdaq: RXT) reported Q1 2026 results: revenue $678M (+2% reported, +1% constant currency). Public cloud revenue was $443M (+7%); Private cloud was $235M (-6%). Net income was $8M; loss from operations was $18M negative. Q1 cash and equivalents were $94M and total liquidity $295M. Rackspace announced an MoU with AMD on governed enterprise AI infrastructure. FY2026 guidance: revenue $2.6–2.7B, non-GAAP operating profit $160–170M, adjusted EBITDA $305–315M.