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Rackspace Technology, Inc. RXT Q1 2026 earnings

Reported May 7, 2026 · Before market open

Revenue$678.1MBeat by $17.3M
EPS-$0.06Miss by $0.03
Revenue estimate$660.8M
EPS estimate-$0.03

Next report

Aug 11, 2026 (Tomorrow)
Revenue estimate$646.0M
EPS estimate-$0.09

Financials

Q1 2026

Income statement

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Revenue$678.1M+1.9%
Gross profit$119.1M-6.1%
Operating income-$17.8M+53.6%
Net income$8.3M+112%
EPS (diluted)$0.03+110%

Balance sheet

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Cash & equivalents$96.0M-26.8%
Total debt$3.2B-3.1%
Total equity-$1.2B-13.4%
Total assets$2.8B-6.8%

Cash flow

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Operating cash flow$5.1M-59.5%
CapEx$14.5M+74.7%
Free cash flow-$9.4M-319%

Valuation & ratios

Valuation

as of 08/07/26
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Market cap$1.22B+323%
Enterprise value$4.31B-6.3%

Profitability

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Gross margin18.5%-1.0pp
Operating margin-3%-1.2pp
Net margin-5.4%-1.8pp
FCF margin2.8%—

Returns & leverage

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Current ratio0.7×-0.1×

Segments

By segment

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Public Cloud$443.4M+6.7%
Private Cloud$234.7M-6.0%

FAQ

When did Rackspace Technology, Inc. report Q1 2026 earnings?
Rackspace Technology, Inc. (RXT) reported Q1 2026 earnings on May 7, 2026 before market open.
What were Rackspace Technology, Inc.'s Q1 2026 revenue and EPS?
Rackspace Technology, Inc. reported revenue of $678.1M and eps of $-0.06 for Q1 2026.
Did Rackspace Technology, Inc. beat estimates in Q1 2026?
Revenue beat the consensus estimate of $660.8M by $17.3M. EPS missed the consensus estimate of $-0.03 by $0.03.
How did Rackspace Technology, Inc.'s Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 1.9% from $665.4M a year earlier and eps grew 0.0% from $-0.06.
Where can I find Rackspace Technology, Inc.'s Q1 2026 SEC filings?
You can read the 8-K earnings release (0001810019-26-000041) and the 10-Q periodic report (0001810019-26-000044) directly on SEC EDGAR. The filing index links above go to sec.gov.