Rackspace Q2 FY26 net loss widens to $68 million; revenue rises 0.6% to $670 million
Reuters2026/08/10 20:18- 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: 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.
You may also like
The higher the yen rises, the more retail investors short! 3.61 trillion yen short bets defy the trend, triggering a short squeeze warning
Even though the yen has reached its highest level in months, Japanese retail investors continue to bet that its sharp rebound will come to an end, and are consistently increasing their short positions.
EUR/USD Price Forecast: Bullish bias remains above 1.1600 ahead of ECB and US inflation
Abraxas Capital hedges $353M ETH short with $32M buy – Here’s why
Pinnacle Silver & Gold outlines fast-track plan to restart El Potrero gold-silver mine in Mexico
Crypto prices
More
