Earnings ·
Rackspace reports Q2 revenue of $670M, up 0.6%, with full-year guidance set at $2.45B-$2.55B
RXTRackspace Technology, Inc.
Rackspace Technology, Inc. reported financial results for the fiscal quarter ended June 30, 2026. Revenue was $670 million, an increase of 0.6% year-over-year, driven by a 5.5% rise in Private Cloud revenue to $263 million, partially offset by a 2.3% decline in Public Cloud revenue to $407 million. The company reported a net loss of $68 million, or $(0.27) per diluted share, compared to a net loss of $55 million in the prior year period. Non-GAAP Operating Profit remained flat at $27 million. Rackspace provided full-year 2026 guidance projecting total revenue between $2,450 million and $2,550 million and Non-GAAP Operating Profit between $125 million and $135 million. The company operates in the cloud computing and IT infrastructure services industry.