Rackspace Q2 FY26 net loss widens to $68 million; revenue rises 0.6% to $670 million

Reuters2026/08/10 20:18

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Rackspace Technology Q2 2026 revenue rose 0.6% year over year to $670 million, with private cloud up 5.5% to $263 million.
Public cloud revenue fell 2.3% to $407 million as net loss widened to $68 million, or $0.27 per diluted share.
Operating loss deepened to $33 million while non-GAAP operating profit was flat at $27 million; cash flow used in operations was $32 million.
Launched a Managed Compute and Inference Platform backed by partners including AMD and Palantir, targeting regulated enterprises moving AI into production.
Forecast FY 2026 revenue of $2.45 billion-$2.55 billion, with non-GAAP operating profit of $125 million-$135 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rackspace Technology Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608101605PRIMZONEFULLFEED9807120) on August 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Rackspace Q2 FY26 net loss widens to $68 million; revenue rises 0.6% to $670 million

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