Rackspace Technology Reports Third Quarter 2026 Results
Key Highlights
- ➤FY 2026 revenue outlook raised $35 million at midpoint
- ➤Q3 revenue $609 million, down 9.3% year-over-year
- ➤Public Cloud revenue $349 million, down 17.2% year-over-year
- ➤Private Cloud revenue $260 million, up 4.2% year-over-year
- ➤Q3 Non-GAAP Operating Profit $36 million, up 12% year-over-year
Expert Statements
Gajen Kandiah, Chief Executive Officer of Rackspace Technology
“This quarter we continued to execute on our business and financial plan and reaffirm our profit outlook for the full year while modestly increasing our revenue outlook.”
Gajen Kandiah, Chief Executive Officer of Rackspace Technology
“As I enter my second year as CEO, we have moved from establishing our strategy to become the operator of the full enterprise AI stack and creating the framework to execute it, to now translating our go-to-market efforts and large existing capacity footprint into further commitments, rapid deployments and high margin operations.”
* Revenue of $609 million in the Third Quarter, down 9% Year-over-Year * Private Cloud Revenue was $260 million, up 4% Year-over-Year * Public Cloud Revenue was $349 million, down 17% Year-over-Year * Third Quarter 2026 Cash Flow From Operating Activities was $36 million; Cash Flow From Operating Activities was $69 million on a Trailing-Twelve-Month Basis * Raising full-year 2026 revenue outlook by $35 million at the midpoint * Maintaining full-year 2026 Non-GAAP Operating Profit and Adjusted EBITDA outlook SAN ANTONIO, Nov. 09, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (Nasdaq: RXT), a global enterprise AI infrastructure and solutions provider, today announced results for its third quarter ended September 30, 2026.
Gajen Kandiah, Chief Executive Officer, stated, “This quarter we continued to execute on our business and financial plan and reaffirm our profit outlook for the full year while modestly increasing our revenue outlook.”
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