Every 8-K that Rackspace Technology, Inc. (RXT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow RXT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RXT filings page.
Rackspace Technology, Inc. (RXT) reports that Mr. Dharmendra Kumar Sinha is expected to depart from his role as President, Public Cloud, effective on or about September 14, 2026. The company states that his departure does not result from any disagreement regarding operations, policies or practices.
Rackspace expects to enter into a separation agreement with Mr. Sinha, with terms anticipated to be consistent with his existing employment agreement, and to include customary releases and restrictive covenants. A copy of the final separation agreement is expected to be filed as an exhibit to the Form 10-Q for the period ending September 30, 2026.
Rackspace Technology, Inc. reported second-quarter 2026 revenue of $670.1 million, up 0.6% year over year. Public Cloud revenue was $406.8 million, down 2.3%, while Private Cloud revenue rose 5.5% to $263.3 million, shifting mix toward higher-growth private offerings. Gross profit declined to $114.8 million (17.1% margin) as cost of revenue increased faster than sales.
Loss from operations widened to $(33.2) million and net loss to $(67.5) million, with net loss per diluted share at $(0.27). However, for the first six months of 2026, net loss improved to $(59.2) million from $(126.0) million, helped by a $62.5 million gain on debt extinguishment and lower restructuring intensity. Second-quarter Adjusted EBITDA was $65.9 million, slightly above the prior year, and Non-GAAP Operating Profit was $27.4 million.
Operating cash flow for the first half was a use of $26.4 million, while capital expenditures were $31.3 million. As of June 30, 2026, cash and cash equivalents were $110.6 million and total liquidity $202 million, against substantial debt balances. Management reaffirmed an enterprise AI-focused strategy and issued 2026 guidance, including total revenue of $2,450–$2,550 million and Adjusted EBITDA of $285–$295 million, alongside an expected full-year Non-GAAP loss per share of $(0.25)–$(0.30).
Rackspace Technology launched a new at-the-market equity program, allowing sales of up to $250 million of common stock through Goldman Sachs at a 1.5% commission. The company also amended its accounts receivable securitization facility, extending the scheduled termination date from September 29, 2026 to July 2, 2029 and permitting the facility limit to rise from $300 million to a maximum of $350 million.
For Q2 2026, Rackspace expects revenue of $641–$649 million, GAAP net loss of $(91)–$(62) million, loss from operations of $(53)–$(33) million, non-GAAP operating profit of $19–$23 million and Adjusted EBITDA of $58–$62 million. The full-year 2026 outlook has been reduced, with revenue now guided to $2.45–$2.55 billion versus a prior $2.60–$2.70 billion range, and Adjusted EBITDA to $285–$295 million versus $305–$315 million, maintaining a 12% margin.
The company outlines an Enterprise AI growth strategy, planning cumulative AI capacity of 2 MW by the end of 2026, 15 MW by the end of 2027 and 30 MW by the end of 2028. It expects annual revenue of $15–$20 million per MW, implying $450–$600 million of annual revenue at 30 MW, with anticipated Adjusted EBITDA margins of 50%+ for the Enterprise AI business.
Rackspace Technology, Inc. reported the voting results from its June 18, 2026 annual stockholder meeting. Of 249,222,499 common shares outstanding as of the record date, 204,090,027 shares, or 81.89%, were represented in person or by proxy, establishing a quorum.
Stockholders elected Class III directors Gajen Kandiah and Michael Weston, each receiving over 146.8 million votes in favor. They also ratified KPMG LLP as independent auditor for the year ending December 31, 2026, with approximately 203.0 million votes for and relatively few votes against or abstentions.
On an advisory basis, stockholders approved the compensation of the named executive officers, with about 145.8 million votes for and 2.2 million against. Stockholders also approved an amendment to the 2020 Equity Incentive Plan to increase the number of shares authorized under the plan, with approximately 136.5 million votes for and 11.5 million against.
Rackspace Technology filed an 8-K describing a new definitive GPU-as-a-Service agreement with AMD for a phased deployment of an initial 30 MW of AMD AI compute across Rackspace’s global data centers. The rollout is expected to start in late 2026 and continue through 2028.
Rackspace plans to dedicate 30 MW of data center capacity exclusively to AMD Instinct GPUs and EPYC CPUs, subject to financing, operational and legal conditions. Each deployment requires separate commercial agreements, and AMD has no obligation to approve any particular deployment. For deployments within the framework, AMD may purchase residual unsold capacity and holds a right of first refusal on certain lower-priced GPU capacity sales to third parties.
Rackspace Technology, Inc. approved a major workforce realignment aimed at accelerating its shift toward governed enterprise AI and away from certain legacy public cloud services and select geographies. The plan is expected to eliminate approximately 15% of the company’s global workforce, with most affected employees notified on or around June 10, 2026 and additional exits over the following six months.
The company estimates one-time charges of $14 million to $19 million in 2026, mainly for severance, healthcare and other termination costs. Upon full implementation, Rackspace expects $75 million to $85 million in annualized run-rate savings versus current expense levels and plans to reinvest a significant portion of these savings into higher-growth areas such as forward-deployed engineering, AI solutions delivery and enterprise AI infrastructure. The company notes that actual costs and savings may differ and there is no assurance the expected savings will be realized.
Rackspace Technology reported a return to profitability in the first quarter of 2026. Revenue reached $678.1 million, up 1.9% year-over-year, as growth in Public Cloud offset declines in Private Cloud. Public Cloud revenue rose to $443.4 million, a 6.7% increase, while Private Cloud revenue fell to $234.7 million, down 6.0%.
Loss from operations narrowed to $17.8 million from $38.4 million, and net income swung to $8.3 million from a $71.5 million loss, helped by a $55.8 million gain on debt extinguishment. Adjusted EBITDA increased to $71.2 million and Non-GAAP Operating Profit rose to $30.7 million, up 19.9% year-over-year.
Operating cash flow was $5.1 million for the quarter and $144 million on a trailing twelve-month basis. As of March 31, 2026, cash and cash equivalents were $93.6 million with total liquidity of $295 million. For full-year 2026, Rackspace forecasts total revenue of $2.6–$2.7 billion and Non-GAAP Operating Profit of $160–$170 million. The company also signed a non-binding Memorandum of Understanding with AMD to develop governed enterprise AI infrastructure.
Rackspace Technology, Inc. reported that on March 31, 2026, director Betsy Atkins resigned from its Board of Directors. The company stated that her resignation did not result from any dispute or disagreement with the company or the Board regarding its operations, policies, or practices.
Rackspace Technology reported fourth-quarter and full-year 2025 results showing modest revenue declines but sharply improved profitability. Q4 2025 revenue was $683 million, down 0.4% year over year, while full-year 2025 revenue was $2,686 million, down 2%.
Loss from operations narrowed to $3 million in Q4 and $101 million for 2025, compared with $29 million and $909 million in 2024. Net loss improved to $33 million in Q4 and $226 million for the year, versus $56 million and $858 million previously. Non-GAAP Operating Profit rose to $41 million in Q4 and $126 million for 2025, and Adjusted EBITDA reached $276 million.
Cash flow from operating activities strengthened to $60 million in Q4 and $151 million for 2025. As of December 31, 2025, the company held $106 million of cash and cash equivalents and reported total liquidity of $397 million. For 2026, guidance calls for revenue of $2.6–$2.7 billion and Non-GAAP Operating Profit of $160–$170 million.
Rackspace Technology, Inc. (RXT) furnished an update on its business by providing a press release announcing financial results for the fiscal quarter ended September 30, 2025. The press release is attached as Exhibit 99.1.
The information in this report, including Exhibit 99.1, is furnished under Item 2.02 and is not deemed “filed” for purposes of Section 18 of the Exchange Act, nor incorporated by reference into other filings unless expressly stated. The report was signed by Chief Financial Officer Mark Marino on November 6, 2025.
Rackspace Technology (RXT) reported an executive departure in an 8-K filing. On September 24, 2025, Srinivas Koushik resigned as President, Technology, Sustainability and Artificial Intelligence. The company and Mr. Koushik entered into a separation agreement and release of claims under which he will be eligible to receive a pro‑rata bonus for 2025 in exchange for providing transition and advisory services and will be subject to customary restrictive covenants.
The filing states Mr. Koushik's resignation and the terms of the separation agreement but does not disclose financial amounts, replacement plans, or operational impacts.
Rackspace Technology, Inc. filed an amended current report to disclose the material terms of a separation agreement and release of claims with former Chief Executive Officer Amar Maletira, following the previously announced appointment of Gajen Kandiah as Chief Executive Officer effective September 3, 2025.
Under the separation agreement, Mr. Maletira is eligible for 18 months of salary and target bonus payments, a pro-rata bonus for 2025, and a lump-sum payment equal to 18 months of COBRA premiums and associated taxes, as provided in his employment agreement. His outstanding equity awards will accelerate and vest under that agreement, and his unvested performance-cash awards may still vest and be paid as described in the separation agreement, which is filed as Exhibit 10.2.
Rackspace Technology announced a leadership transition: Gajen Kandiah will become Chief Executive Officer effective September 3, 2025, succeeding Amar Maletira, who will serve as non-employee Vice Chairman through September 30, 2025 and then step down from the board. The board also elected Mr. Kandiah as a director on his start date. Mr. Kandiah joins with senior executive experience at Hitachi Rail, Hitachi Vantara and Cognizant.
His employment agreement provides a $1,000,000 annual salary, a target bonus of 150% of salary (pro-rated for 2025), one-time equity awards of 4,000,000 restricted stock units and 6,000,000 stock options vesting over four years, and severance and potential accelerated vesting upon certain terminations or change-in-control events.
Rackspace Technology, Inc. reported a change in board composition following the departure of Mr. Samant. In line with the company's certificate of incorporation, bylaws and investor rights agreements, the Board expects to reduce its size from ten (10) directors to nine (9). The filing also includes the standard Rule 14a-12 and other pre-commencement checkbox items, which are not checked.