Rackspace Technology, Inc. (RXT)
| Market Cap | 1.24B +329.6% |
| Revenue (ttm) | 2.70B -0.5% |
| Net Income | -146.00M |
| EPS | -0.61 |
| Shares Out | 253.91M |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 6,004,544 |
| Open | 4.870 |
| Previous Close | 4.820 |
| Day's Range | 4.765 - 5.040 |
| 52-Week Range | 0.393 - 8.600 |
| Beta | 3.10 |
| Analysts | Hold |
| Price Target | 4.77 (-2.65%) |
| Earnings Date | Aug 11, 2026 |
About RXT
Rackspace Technology, Inc. operates as a hybrid cloud and artificial intelligence solutions company in the United States, the United Kingdom, and internationally. It operates through two segments, Public Cloud and Private Cloud. The company offers programmatic infrastructure, including hardware and services for datacenter compute, network, storage, and data protection; cloud operating systems; platform-as-a-service; private cloud solutions; and private cloud services, such as managed, professional, elastic engineering, and security services, as... [Read more]
Financial Performance
In 2025, Rackspace Technology's revenue was $2.69 billion, a decrease of -1.88% compared to the previous year's $2.74 billion. Losses were -$225.80 million, -73.69% less than in 2024.
Financial StatementsAnalyst Summary
According to 3 analysts, the average rating for RXT stock is "Hold." The 12-month stock price target is $4.77, which is a decrease of -2.65% from the latest price.
News
Kaplan Fox Urges Investors of Rackspace Technology, Inc. (RXT) with Significant Losses to Seek a Leadership Role Before September 28, 2026
New York, New York--(Newsfile Corp. - August 7, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Rackspace Technology, Inc. ("Rackspace" or the "Company...
Kaplan Fox Reminds Rackspace Technology, Inc. (NASDAQ: RXT) Investors with Significant Losses to Seek a Leadership Role Before Deadline on September 28, 2026
Kaplan Fox Alerts Rackspace Technology, Inc. (NASDAQ: RXT) Investors to a Securities Class Action Deadline on September 28, 2026 - Contact Kaplan Fox Today
Pranav Nambiar Joins Rackspace Technology to Scale Sovereign AI Infrastructure
SAN ANTONIO, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a global enterprise AI infrastructure and solutions provider, today announced the appointment of Pranav Nambiar as S...
Kaplan Fox & Kilsheimer LLP Encourages Rackspace Technology, Inc. (NASDAQ: RXT) Investors to Contact the Firm Before September 28, 2026
Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Rackspace Technology, Inc. (NASDAQ: RXT) on behalf of investors.
Kaplan Fox Reminds Rackspace Technology, Inc. (RXT) Investors Seeking Recovery of the Lead Plaintiff Deadline on September 28, 2026
New York, New York--(Newsfile Corp. - August 5, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Rackspace Technology, Inc. ("Rackspace" or the "Company...
Rackspace Technology to Announce Second Quarter 2026 Earnings on August 11, 2026
SAN ANTONIO, July 30, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a global enterprise AI infrastructure and solutions provider, today announced that it will release its second quarte...
Rackspace Technology Receives the Defence Employer Recognition Scheme Gold Award
Award Recognises Rackspace's Continued Commitment to Reservists, Veterans and Military Families Award Recognises Rackspace's Continued Commitment to Reservists, Veterans and Military Families
Rackspace Technology Recognized as a Leader in Two Categories of 2026 ISG Provider Lens®, Private/Hybrid Cloud — Data Center Services Report
Report validates Rackspace's leadership in AI-ready infrastructure, sovereign cloud services, and production-scale enterprise AI operations Report validates Rackspace's leadership in AI-ready infrastr...
BMO sees better AI visibility for Rackspace despite guidance cut
BMO Capital says that while Rackspace’s (RXT) update last week brought a “meaningful reduction” to its fiscal 2026 guidance, the key takeaway is increased visibility into the company’s enterprise AI…
Rackspace Technology Investigation Notice: SueWallSt Notifies Investors of a Pending Investigation Into Rackspace Technology (RXT)
A securities investigation is examining whether Rackspace Technology misled investors regarding its FY2026 outlook before cutting revenue and earnings guidance on July 9, 2026. NEW YORK, July 9, 2026 ...
Rackspace Technology Transcript: Guidance
Management outlined a strategic pivot to enterprise AI, focusing on regulated markets and higher-margin growth. Guidance was revised downward for 2026 due to exiting low-margin business, with new capital raised to fund GPU infrastructure and AI initiatives. Margin expansion and revenue growth are expected as investments scale.
Rackspace Technology Press release: Guidance
Rackspace Technology issued a press release on July 9, 2026, disclosing material business information to investors.
Rackspace announces strategy update
The company said, “Rackspace (RXT) is becoming the operator of the full enterprise AI stack, serving a demand now visible across the market. Enterprises, particularly in regulated industries, are seek...
Rackspace Technology Announces Plans to Accelerate Enterprise AI Growth Vector; Provides Preliminary 2Q26 Results and Updates FY26 Outlook
Investments and Partnerships to Fuel AI Growth in 2027 and Beyond Palantir names Rackspace Technology as a Preferred Partner in Regulated and Sovereign Markets SAN ANTONIO, July 09, 2026 (GLOBE NEWSWI...
Rackspace files automatic mixed securities shelf
07:49 EDT Rackspace (RXT) files automatic mixed securities shelf
Rackspace, Palantir announce operating model framework for AI in production
Rackspace (RXT) and Palantir (PLTR) announced an operating model framework to help regulated and sovereign enterprises own and operate AI in production. The framework, delivered through Rackspace, com...
Rackspace Technology Launches Operating Framework with Palantir for Regulated Enterprises to Accelerate Enterprise AI in Production
Palantir and Rackspace execute a definitive agreement establishing operating framework to deploy Palantir Foundry and AIP in mid-market, regulated and sovereign environments, naming Rackspace a prefer...
Rackspace Technology Transcript: AGM 2026
Shareholders approved all four proposals, including director elections and an equity plan amendment. The meeting was conducted virtually with secure voting and no questions were raised by shareholders.
Rackspace price target raised to $4 from $2.50 at RBC Capital
RBC Capital analyst Daniel Perlin raised the firm’s price target on Rackspace (RXT) to $4 from $2.50 and keeps a Sector Perform rating on the shares after the company entered…
This 540% AI Stock Has Outperformed Micron and AMD in 2026. Can the Rally Continue?
While investors have focused on AI chip makers such as Micron Technology ($MU) and Advanced Micro Devices ($AMD), one lesser-known stock has delivered even bigger gains. Rackspace Technology ($RXT), a...
AMD Boosts Rackspace Technology Stock (RXT) With an Expanded AI Data Center Partnership
AMD pushed shares of Rackspace Technology stock higher today with an expanded AI data center partnership.
This little-known AI stock has beaten Micron and Arm this year, and now it's extending its lead
Shares of a little-known cloud-computing company that has been striking big deals with tech giants have been on a tear this year. And a new deal with Advanced Micro Devices is furthering that notable ...
Rackspace stock soars 16% on AMD deal, 15% workforce cut to fund AI transformation
Shares of Rackspace Technology RXT climbed about 16% in trading on Tuesday after the cloud services provider announced a major infrastructure agreement with Advanced Micro Devices and announced a 15% ...
Rackspace Technology Transcript: Investor update
A definitive agreement with AMD will deploy 30 MW of compute for enterprise AI from 2026–2028, supporting a unified strategy focused on regulated industries. A workforce realignment will reduce costs and fund AI growth, while strong demand is expected from healthcare, finance, and government.
Rackspace Technology Press release: Investor update
Rackspace Technology issued a press release on June 16, 2026, disclosing material business information to investors.