GlobeNewswire·Nov 9, 2026, 4:21 PM ET

Rackspace Technology Reports Third Quarter 2026 Results

Rackspace Technology reported third quarter 2026 revenue of $609 million, a 9% decrease year-over-year.
Private cloud revenue increased 4% year-over-year to $260 million.
Public cloud revenue decreased 17% year-over-year to $349 million.
Operating cash flow for the quarter was $36 million, while the trailing-twelve-month operating cash flow was $69 million.
The company raised its full-year 2026 revenue outlook midpoint by $35 million to $2,535 million.
Full-year 2026 Non-GAAP operating profit and adjusted EBITDA outlooks remain unchanged at $125-$135 million and $285-$295 million, respectively.
GAAP net loss for the quarter was $54 million, an improvement from $67 million in the prior year period.
Non-GAAP operating profit increased 12% to $36 million for the quarter.
Capital expenditures for the quarter were $104 million compared to $34 million in the prior year.
As of September 30, 2026, the company held $108 million in cash equivalents with total liquidity of $170 million.
Loss from operations narrowed to $13 million in the quarter, compared to a $34 million loss in the prior year period.
Non-GAAP loss per diluted share was $0.06 for the quarter, a 20% increase from $0.05 in the prior year period.
A conference call to discuss results is scheduled for November 10, 2026, at 8:30 a.m. ET.

Company: Rackspace US, Inc.
Keywords: Nasdaq:RXT, Rackspace US, Inc., earnings, 2026 Q3 Earnings, Rackspace, Enterprise AI