Rackspace Technology Q2 revenue rises 0.6% to $670 million; net loss widens to $68 million
Rackspace reported second quarter 2026 revenue of $670 million, up 0.6% from a year earlier, as Private Cloud grew 5.5% while Public Cloud fell 2.3%. The net loss widened to $68 million, or $(0.27) per diluted share, from $55 million, or $(0.23), a year earlier, and the company issued full-year 2026 guidance.
Key points
- Second quarter revenue was $670 million, up 0.6%; Private Cloud revenue rose 5.5% to $263 million and Public Cloud revenue fell 2.3% to $407 million.
- Net loss was $68 million, or $(0.27) per diluted share, versus $55 million, or $(0.23), in the second quarter of 2025.
- Non-GAAP Operating Profit was $27 million, flat year over year; cash used in operating activities was $32 million in the quarter.
- FY 2026 guidance: total revenue of $2,450 million to $2,550 million and Non-GAAP Loss Per Share of $(0.25) to $(0.30).
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 10, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.