Rackspace Technology/$RXT

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About Rackspace Technology

Rackspace Technology Inc is an end-to-end, hybrid, multi-cloud technology services company. It designs, builds, and operates its customers' cloud environments across all technology platforms, irrespective of technology stack or deployment model. The company's solutions include Application Services, Data, Colocation, Cloud, Managed Hosting, Professional Services, and Security and Compliance. It has two reportable segments: Private Cloud and Public Cloud. Maximum revenue is generated from the Public Cloud segment, which offers cloud solutions through managed services, elastic engineering, and professional services offerings for customer environments hosted on the AWS, Microsoft Azure, and Google Cloud public cloud platforms. Geographically, the company derives its key revenue from the U.S.
Ticker
$RXT
Sector
Business services
Primary listing
NASDAQ
Employees
5,000

RXT Metrics

BasicAdvanced
$969M
-
-$0.65
3.10
-

What the Analysts think about RXT

Analyst ratings (Buy, Hold, Sell) for Rackspace Technology stock.
Analyst projections of the future price of Rackspace Technology stock.

Bulls say / Bears say

Q2 2026 Private Cloud revenue rose 5.5% YoY to $263 M, underscoring robust demand for Rackspace's managed private cloud services. (Rackspace IR)
Rackspace and AMD signed a definitive agreement to deploy 30 MW of AMD AI compute, establishing AMD as a strategic silicon partner and enhancing Rackspace’s position in regulated enterprise AI infrastructure. (Rackspace Pressroom)
Q2 revenue of $670.1 M beat the $646 M consensus by 3.7%, demonstrating resilience and execution against analyst expectations. (24/7 Wall St.)
Q2 2026 Public Cloud revenue declined 2.3% YoY to $407 M, signaling weakness in Rackspace’s largest and traditionally highest‐margin segment amidst intensifying hyperscaler competition. (Yahoo Finance)
FY 2026 guidance for Public Cloud revenue of $1.575–$1.625 B implies a YoY decline from $1.696 B in 2025, highlighting continuing headwinds in its core business. (Stockopedia) and (Rackspace Q4 2025)
Interest expense surged 60.6% YoY to $34.2 M in Q2, reflecting high leverage that could constrain free cash flow and strategic flexibility. (24/7 Wall St.)
Data summarised monthly by Lightyear AI. Last updated on 23 Aug 2026.

RXT Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

RXT Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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