Compare

Rackspace Technology/$RXT

1D1W1M3M6MYTD1Y5YMAX

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
$716M
-
-$0.65
3.06
-

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

HGS has selected Rackspace for a three-year private AI infrastructure deployment, starting in December 2026. It is the first announced GSI customer for Rackspace’s AMD-powered compute platform, giving the AI strategy a concrete customer foothold. (Rackspace Technology)
Rackspace’s Palantir partnership targets regulated and sovereign customers, where demand for controlled AI deployments may suit its managed infrastructure. The companies reported about 400 Palantir-certified staff and a first joint deployment that cut a customer’s quote cycle time by 94%. (Rackspace Technology)
Rackspace Cloud, built on VMware Cloud Foundation, adds a managed multi-tenant platform for customers modernising applications while keeping a VMware environment. This gives Rackspace a new product offer beyond its AI partnerships. (Rackspace Technology)
Rackspace remains heavily indebted: at June 2026 it reported $2.79 billion of debt against $111 million of cash, with most borrowings due in 2028. It had also drawn $260 million of its $375 million revolving facility, leaving limited spare borrowing capacity. (SEC)
Despite almost flat second-quarter revenue, the GAAP net loss widened to $67.5 million from $54.5 million a year earlier, while operating loss increased to $33.2 million from $25.1 million. Gross profit also fell, pointing to continued pressure on profitability. (Rackspace Technology)
Rackspace cut its 2026 revenue outlook by $150 million to $2.45–$2.55 billion, as it exits low-margin public-cloud resale and faces timing constraints on private-cloud capacity. Public Cloud revenue was already down 2.3% year on year in the second quarter, so the transition weighs on near-term growth. (Rackspace Technology)
Data summarised monthly by Lightyear AI. Last updated on 30 Oct 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
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.