Rackspace Technology, Inc. (RXT)
| Market Cap | 1.80B +542.4% |
| Revenue (ttm) | 2.70B -0.5% |
| Net Income | -146.00M |
| EPS | -0.61 |
| Shares Out | 249.22M |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 27,644,415 |
| Open | 7.73 |
| Previous Close | 7.53 |
| Day's Range | 6.92 - 7.91 |
| 52-Week Range | 0.39 - 8.60 |
| Beta | 3.05 |
| Analysts | Hold |
| Price Target | 4.83 (-33.1%) |
| Earnings Date | Aug 6, 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 $4.83, which is a decrease of -33.10% from the latest price.
News
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.
Rackspace Technology Slides: Investor update
Rackspace Technology has posted slides in relation to its latest quarterly earnings report, which was published on June 16, 2026.
Rackspace to terminate 15% of global workforce in realignment
In a regulatory filing, Rackspace (RXT) stated: “On June 10, 2026, the Executive Committee of the Board of Directors of the Company approved a workforce realignment plan intended to accelerate…
Why This AI Data Center Stock Is Surging 21% on an AMD Partnership
Rackspace Technology strikes a deal with Advanced Micro Devices to use AMD chips in its AI data centers.
AMD, Rackspace sign pact for deployment of initial 30 MW footprint
AMD (AMD) and Rackspace Technology (RXT) announced the signing of a definitive agreement for the phased deployment of an initial 30 MW footprint dedicated to AMD-based compute deployments across Racks...
AMD and Rackspace Technology Sign Definitive Agreement for Phased Deployment of 30 MW of AMD AI Compute
SANTA CLARA, Calif. and SAN ANTONIO, June 16, 2026 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) and Rackspace Technology® (NASDAQ: RXT), a global enterprise AI infrastructure and solutions provider, today an...
Rackspace Technology Slides: Corporate presentation
Rackspace Technology has posted slides in relation to its latest quarterly earnings report, which was published on June 16, 2026.
Rackspace price target raised to $5.50 from $5 at UBS
UBS raised the firm’s price target on Rackspace (RXT) to $5.50 from $5 and keeps a Neutral rating on the shares. Rackspace’s decision to establish a regional headquarters in Riyadh…
Rackspace Technology Establishes Regional Headquarters in Riyadh to Accelerate Cloud and AI Growth
RIYADH, Saudi Arabia, June 08, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a global enterprise AI infrastructure and solutions provider, today announced the establishment of its regi...
Rackspace price target raised to $5 from $2 at BMO Capital
BMO Capital raised the firm’s price target on Rackspace (RXT) to $5 from $2 and keeps a Market Perform rating on the shares after its Q1 results. The quarter was…
Rackspace Technology Stock (RXT) Soars on a New AI MOU With AMD
Rackspace Technology stock rallied after the company announced an AI MOU with AMD.
Rackspace Technology Earnings Call Transcript: Q1 2026
Q1 revenue grew 2% year-over-year to $678M, driven by public cloud, while private cloud saw a 6% decline due to deal timing. The company reaffirmed 2026 guidance, expanded key partnerships, and focused on deleveraging, with a strong pipeline in regulated AI and healthcare.
Rackspace Technology Slides: Q1 2026
Rackspace Technology has posted slides in relation to its Q1 2026 quarterly earnings report, which was published on May 7, 2026.
Rackspace Technology Earnings release: Q1 2026
Rackspace Technology released its Q1 2026 earnings on May 7, 2026, summarizing the period's financial results.
Rackspace Technology Quarterly report: Q1 2026
Rackspace Technology has published its Q1 2026 quarterly earnings report on May 7, 2026.
Rackspace Technology and AMD Sign Memorandum of Understanding to Establish New Category of Governed Enterprise AI Infrastructure
SAN ANTONIO, May 07, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a global enterprise AI infrastructure and solutions provider, and AMD today announced the signing of a Memorandum of ...
Rackspace Technology Reports First Quarter 2026 Results
Revenue of $678 million in the First Quarter, up 2% Year-over-Year Private Cloud Revenue was $235 million, down 6% Year-over-Year Public Cloud Revenue was $443 million, up 7% Year-over-Year First Quar...
Rackspace Technology Proxy statement: Proxy filing
Rackspace Technology filed a proxy statement on April 30, 2026, providing details for shareholder voting and corporate governance matters.