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) 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.
Rackspace Technology (NASDAQ: RXT) and AMD signed a Memorandum of Understanding on May 7, 2026 to create a governed Enterprise AI Cloud for regulated and sovereign workloads.
The MOU outlines a multiyear strategic collaboration to integrate AMD Instinct GPUs and EPYC CPUs into a fully managed, governed stack offering private/hybrid Enterprise AI Cloud, an Enterprise Inference Engine, Inference as a Service, and dedicated bare metal AMD Instinct compute with SLAs and operational accountability.
Rackspace Technology (NASDAQ: RXT) will release its first quarter 2026 financial results at 8:00 am ET on Thursday, May 7, 2026. A conference call with CEO Gajen Kandiah and CFO Mark Marino will follow at 8:30 am ET the same day.
Investors can listen via live webcast or replay on the company's investor relations site and must pre-register to obtain dial-in details and a PIN for the live call.
Rackspace Technology (NASDAQ: RXT) on April 8, 2026 appointed Paul Soligon as Senior Vice President of Operations and Marco Tesini as Senior Vice President of International for its Private Cloud business unit. Soligon will unify operations, business and sales operations, and customer success; Tesini will lead markets outside the U.S. to expand global presence and scale solutions. The release highlights Soligon’s leadership of a 700-person AWS sales organization responsible for more than $2.2 billion in revenue and securing over $4 billion in strategic enterprise agreements, and notes both hires bring 25+ years of experience to support governed AI on private cloud.
Rackspace Technology (NASDAQ: RXT) and Rubrik (NYSE: RBRK) launched the UK Sovereign Cyber Recovery Cloud on March 18, 2026, a ransomware recovery solution that keeps hardware, data, metadata, and administrative access inside the UK.
Features include an automated isolated "clean room," pre-built runbooks, rapid recovery from days to hours, 24/7 monitoring, and alignment with NCSC Cyber Assessment Framework and 24-hour breach reporting.