Rackspace Projects Q1 Revenue of $660.8M, Cuts Full-Year Sales Forecast to $2.64B
Rackspace Technology will report Q1 2026 earnings on May 7 with consensus revenue of $660.8 million and a loss of $0.22 per share. Full-year revenue forecasts have been cut to $2.64 billion while annual loss estimates improved to $0.81 per share.
1. Q1 2026 Earnings Outlook
Rackspace Technology will release its Q1 2026 results on May 7, with analysts forecasting $660.83 million in revenue and a loss of $0.22 per share.
2. Full-Year Estimate Revisions
Over the past 90 days, full-year 2026 revenue projections fell from $2.72 billion to $2.64 billion and 2027 estimates dropped from $2.82 billion to $2.68 billion, while annual loss forecasts improved from $0.92 to $0.81 per share for 2026 and from $0.78 to $0.68 for 2027.
3. Q4 2025 Performance Recap
In Q4 2025, revenue of $682.80 million topped expectations by 1.55% and adjusted loss per share of $0.13 outperformed forecasts by 45.83%, triggering a 68.89% one-day stock surge.
4. Analyst Targets and Recommendations
Analysts set a one-year average price target of $2.17 (high $2.50, low $2.00), implying flat upside; estimates from GF Value suggest a 36.3% downside, and broker recommendations average to a 'Hold' rating.