Rackspace Technology — Third Quarter 2026 Earnings Summary

Rackspace Technology reported third-quarter 2026 revenue of $609 million, representing a 9% decline year-over-year driven by a 17% drop in public cloud revenue. Private cloud revenue grew 4% to $260 million, while the company posted a non-GAAP operating profit of $36 million and raised its full-year revenue outlook by $35 million. The company maintained its full-year non-GAAP operating profit and adjusted EBITDA guidance, reporting a net loss of $54 million for the quarter.