Rackspace Technology

RXT

Market cap $1.3B

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Rackspace Technology NASDAQ: RXT reported first-quarter 2026 revenue growth and reaffirmed its full-year outlook, while management emphasized the company's shift toward managed, governed enterprise artificial intelligence infrastructure for regulated and sovereign environments.

Expand NASDAQ: RXT Rackspace Technology Today's Change (55.97%) $1.97 Current Price $5.49 Key Data Points Market Cap $869M Day's Range $3.75 - $6.00 52wk Range $0.39 - $6.00 Volume 152M Avg Vol 30M Gross Margin 12.59% Rackspace Technology (RXT +55.97%), a provider of end-to-end multi-cloud technology services, closed at $5.49, up 55.97%. Shares surged after the company announced an AI cloud infrastructure partnership with AMD focused on governed enterprise AI for regulated customers, and investors are watching how this collaboration could drive future demand.

Rackspace Technology, Inc. (RXT) Q1 2026 Earnings Call Transcript

Revenue of $678 million in the First Quarter, up 2% Year-over-Year Private Cloud Revenue was $235 million, down 6% Year-over-Year Public Cloud Revenue was $443 million, up 7% Year-over-Year First Quarter 2026 Cash Flow From Operating Activities was $5 million; Cash Flow From Operating Activities was $144 million on a Trailing-Twelve-Month Basis Rackspace Technology and AMD sign Memorandum of Understanding to establish a new category of governed Enterprise AI Infrastructure SAN ANTONIO, May 07, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end hybrid cloud and AI solutions company, today announced results for its first quarter ended March 31, 2026. Gajen Kandiah, Chief Executive Officer, stated, “The market is moving in the direction we anticipated, with regulated enterprises making deliberate choices about where their AI runs, who operates it, and who is accountable for outcomes.

SAN ANTONIO, May 07, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a global enterprise AI infrastructure and solutions provider, and AMD today announced the signing of a Memorandum of Understanding (MOU) establishing a framework for a multiyear strategic partnership to create an Enterprise AI Cloud purpose-built for regulated enterprises and sovereign workloads where security, governance, and accountability are non-negotiable. Today's dominant model requires enterprises to rent GPU capacity by the hour and carry the operational burden themselves including integration, security and accountability.

SAN ANTONIO, April 16, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology®  (NASDAQ: RXT) a leading end-to-end hybrid cloud and AI solutions company, today announced that it will release its first quarter 2026 financial results at 8:00 am ET on Thursday, May 7, 2026. Gajen Kandiah, Chief Executive Officer, and Mark Marino, Chief Financial Officer, will host a conference call on the day of the release (May 7, 2026) at 8:30 am ET to discuss the Company's financial results.

SAN ANTONIO, April 08, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end hybrid cloud and AI solutions company, today announced the appointments of Paul Soligon as Senior Vice President of Operations and Marco Tesini as Senior Vice President of International for the company's Private Cloud business unit. Soligon will be responsible for unifying key operational functions to drive growth and strengthen customer retention.

Alta, Wyoming--(Newsfile Corp. - March 26, 2026) - Cannell Capital LLC - Cannell Capital LLC ("CC") sends this letter to Rackspace and its shareholders. "That quirky investment company which has managed private investment partnerships continually since the good summer of 1992 - brings forth to the public the letter by Mr.

LONDON, March 18, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end hybrid cloud and AI solutions company, and Rubrik , (NYSE: RBRK), the Security and AI Operations Company, today announced UK Sovereign Cyber Recovery Cloud, a new ransomware cyber recovery solution engineered to protect and restore UK public sector and regulated workloads within hours of an attack. As the UK enters a pivotal year for digital sovereignty, new legislation mandates higher standards for organisations' resilience and recovery.