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Rackspace Technology, Inc. RXT Q2 2026 earnings

Reported August 11, 2026 · Before market open

Revenue$670.1MBeat by $24.1M
EPS-$0.08Beat by $0.01
Revenue estimate$646.0M
EPS estimate-$0.09
“The best-of-breed partnerships we have signed during 2026 – with AMD, Palantir, Rubrik, Uniphore and VMware by Broadcom – combined with the data center capacity and 25+ years of expertise that Rackspace brings to the table, represent a unique positional advantage for Rackspace. Today’s capital raise announcement is meaningful because it will enable us to expedite our AI Enterprise strategy and unlock a meaningful revenue and EBITDA growth vector for Rackspace, starting in 2027.”
Gajen Kandiah

Next report

Nov 5, 2026 (in a month)
Revenue estimate$574.0M
EPS estimate-$0.08

Financials

Q2 2026

Income statement

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Revenue$670.1M+0.6%
Gross profit$114.8M-11.1%
Operating income-$33.2M-32.3%
Net income-$67.5M-23.9%
EPS (diluted)-$0.27-17.4%

Balance sheet

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Cash & equivalents$113.3M+7.2%
Total debt$3.3B-0.5%
Total equity-$1.3B-14.5%
Total assets$2.7B-5.2%

Cash flow

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Operating cash flow-$31.5M-475%
CapEx$16.8M-19.2%
Free cash flow-$48.3M-290%

Valuation & ratios

Valuation

as of 10/02/26
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Market cap$983.81M+196%
Enterprise value$4.13B+19.2%
P/S0.4×+0.2×

Profitability

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Gross margin17.9%-1.6pp
Operating margin-3.3%-1.3pp
Net margin-5.9%-2.1pp
FCF margin1.5%—

Returns & leverage

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Current ratio0.8×0.0×

Segments

By segment

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Public Cloud$406.8M-2.4%
Private Cloud$263.3M+5.4%

FAQ

When did Rackspace Technology, Inc. report Q2 2026 earnings?
Rackspace Technology, Inc. (RXT) reported Q2 2026 earnings on August 11, 2026 before market open.
What were Rackspace Technology, Inc.'s Q2 2026 revenue and EPS?
Rackspace Technology, Inc. reported revenue of $670.1M and eps of $-0.08 for Q2 2026.
Did Rackspace Technology, Inc. beat estimates in Q2 2026?
Revenue beat the consensus estimate of $646.0M by $24.1M. EPS beat the consensus estimate of $-0.09 by $0.01.
How did Rackspace Technology, Inc.'s Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 0.6% from $666.3M a year earlier and eps declined 33.3% from $-0.06.
Where can I find Rackspace Technology, Inc.'s Q2 2026 SEC filings?
You can read the 8-K earnings release (0001810019-26-000092) and the 10-Q periodic report (0001810019-26-000093) directly on SEC EDGAR. The filing index links above go to sec.gov.