Rackspace Technology, Inc. (RXT)
| Market Cap | 1.36B +360.6% |
| Revenue (ttm) | 2.70B -0.5% |
| Net Income | -146.00M |
| EPS | -0.61 |
| Shares Out | 253.91M |
| PE Ratio | n/a |
| Forward PE | 495.06 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 41,391,076 |
| Open | 4.44 |
| Previous Close | 4.37 |
| Day's Range | 4.31 - 5.48 |
| 52-Week Range | 0.39 - 8.60 |
| Beta | 3.00 |
| Analysts | Hold |
| Price Target | 4.90 (-8.24%) |
| 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 $4.9, which is a decrease of -8.24% from the latest price.
News
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 focus on enterprise AI, supported by a $250M equity raise and partnerships with leading tech firms. Revenue and EBITDA guidance for FY 2026 were lowered due to exiting low-margin segments, with growth and margin expansion expected from 2027 as AI deployments 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.
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.
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 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 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 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.