Rackspace Q2 FY26 net loss widens to $68 million; revenue rises 0.6% to $670 million
RXT•Quarterly results
- Rackspace Technology Q2 2026 revenue rose 0.6% year over year to $670 million, with private cloud up 5.5% to $263 million.
- Public cloud revenue fell 2.3% to $407 million as net loss widened to $68 million, or $0.27 per diluted share.
- Operating loss deepened to $33 million while non-GAAP operating profit was flat at $27 million; cash flow used in operations was $32 million.
Platform launch and full-year outlook
- The company launched a Managed Compute and Inference Platform backed by partners including AMD and Palantir, targeting regulated enterprises moving AI into production.
- Rackspace forecast FY 2026 revenue of $2.45 billion-$2.55 billion, with non-GAAP operating profit of $125 million-$135 million.
