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Rackspace 2Q26 net loss narrows to $62 million-$91 million; revenue falls to $641 million-$649 million
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Rackspace 2Q26 net loss narrows to $62 million-$91 million; revenue falls to $641 million-$649 million
  • Rackspace posted preliminary 2Q26 revenue of USD 641 million to USD 649 million, with GAAP net loss of USD 91 million to USD 62 million.
  • GAAP operating loss is seen at USD 53 million to USD 33 million; adjusted EBITDA is expected at USD 58 million to USD 62 million.
  • FY26 outlook was cut to revenue of USD 2.45 billion to USD 2.55 billion from USD 2.6 billion to USD 2.7 billion.
  • Adjusted EBITDA view slipped to USD 285 million to USD 295 million from USD 305 million to USD 315 million, on upfront AI investment and restructuring.
  • Palantir named Rackspace a preferred partner in regulated and sovereign markets; Rackspace scaled to about 400 Palantir certifications across teams.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rackspace Technology Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607090751OMX_____CNEWS_EN_GNW9759654_en) on July 09, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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