RXT Rackspace US, Inc.
Price Chart
Executive Summary
Rackspace Technology reported Q1 2026 revenue of $678M (beat $660.8M consensus) and GAAP EPS of $0.03 (beat -$0.03 consensus), driven by a $55.8M gain on debt extinguishment. However, Non-GAAP Loss Per Share remained at -$0.06, Private Cloud revenue declined 6% YoY, and FY2026 guidance implies continued non-GAAP losses, capping the upside.
Key Financial Metrics
Actionable Insight
The headline beat is tempered by one-time gains and negative non-GAAP guidance. Monitor conference call for details on the AMD MoU and any inflection in Private Cloud trends. With high short interest and poor historical momentum, near-term upside may be limited.
Key Facts
- Q1 2026 revenue $678.1M, +2% YoY, above consensus of $660.8M
- GAAP EPS $0.03 (diluted), vs consensus -$0.03; includes $55.8M gain on debt extinguishment
- Non-GAAP Loss Per Share -$0.06, unchanged YoY
- Private Cloud revenue $235M, -6% YoY; Public Cloud revenue $443M, +7% YoY
- FY2026 guidance: revenue $2.6-2.7B, Non-GAAP Loss Per Share ($0.15)-($0.20)
- Signed non-binding MoU with AMD to develop governed enterprise AI infrastructure
Financial Impact
Q1 revenue beat by ~$17.3M (2.6%); GAAP EPS beat by $0.06, but non-GAAP loss persists
Risk Factors
- Declining Private Cloud revenue and competitive pressure
- High debt load ($2.7B) and negative stockholders' deficit
- Non-GAAP profitability not expected in FY2026
- MoU with AMD is non-binding and may not lead to definitive agreements
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3289934 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 12, 2026
2d ago
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Institutional Cluster
| $5.80 awaiting T+20 | awaiting T+20 | — | $5.44 (+6.13%) |
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Jun 5, 2026
10d ago
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Insider Cluster
| $5.38 awaiting T+20 | awaiting T+20 | — | $5.44 (+1.12%) |
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Jun 5, 2026
10d ago
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144
| $5.38 awaiting T+20 | awaiting T+20 | — | $5.44 (+1.12%) |
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May 7, 2026
5w ago
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8-K
| $3.52 $5.21 | ▼ −48.01% | ▼ −44.88% | $5.44 (−54.55%) |
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May 7, 2026
5w ago
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Press Release
| $3.52 $5.21 | ▲ +48.01% | ▲ +44.88% | $5.44 (+54.55%) |
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Apr 16, 2026
8w ago
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Press Release
| $1.47 $7.29 | ▲ +395.92% | ▲ +390.55% | $5.44 (+270.07%) |
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Apr 3, 2026
10w ago
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8-K
| $0.9480 $2.01 | ▲ +112.03% | ▲ +103.04% | $5.44 (+473.84%) |
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Mar 18, 2026
12w ago
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Press Release
| $1.85 $1.33 | ▼ −28.11% | ▼ −34.15% | $5.44 (+194.05%) |
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Mar 18, 2026
12w ago
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Insider Cluster
| $1.85 $1.33 | ▼ −28.11% | ▼ −34.15% | $5.44 (+194.05%) |
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Mar 10, 2026
13w ago
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Press Release
| $1.95 $0.9720 | ▼ −50.15% | ▼ −50.00% | $5.44 (+178.97%) |
US Market Status
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