Earnings ·
Rackspace Technology reports Q3 revenue of $609 million, raises full-year outlook by $35M
RXTRackspace Technology, Inc.
Rackspace Technology reported third-quarter 2026 revenue of $609 million, a 9.3% decline from the prior year period driven by a 17.2% drop in public cloud sales. Private cloud revenue grew 4.2% to $260 million. The company posted a net loss of $54 million, or $0.21 per diluted share, compared to a $67 million loss in the year-ago quarter. Management raised its full-year 2026 revenue guidance midpoint by $35 million while maintaining Non-GAAP operating profit and adjusted EBITDA outlooks. Rackspace Technology is a global enterprise AI infrastructure and solutions provider.