📢 𝐉𝐔𝐒𝐓 𝐈𝐍: Rackspace Unveils AI Growth Strategy, Expands Palantir Partnership - $Rackspace Tech(RXT.US) $Palantir Tech(PLTR.US) $AMD(AMD.US) $Rubrik(RBRK.US)

👉 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:

➤ 𝐑𝐚𝐜𝐤𝐬𝐩𝐚𝐜𝐞 outlined its strategy to become the operator of the 𝐟𝐮𝐥𝐥 𝐞𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞 𝐀𝐈 𝐬𝐭𝐚𝐜𝐤.

➤ 𝐏𝐚𝐥𝐚𝐧𝐭𝐢𝐫 named Rackspace a 𝐩𝐫𝐞𝐟𝐞𝐫𝐫𝐞𝐝 𝐩𝐚𝐫𝐭𝐧𝐞𝐫 for regulated and sovereign markets.

➤ Rackspace highlighted AI partnerships with 𝐀𝐌𝐃, 𝐏𝐚𝐥𝐚𝐧𝐭𝐢𝐫, 𝐑𝐮𝐛𝐫𝐢𝐤, 𝐔𝐧𝐢𝐩𝐡𝐨𝐫𝐞 and VMware.

➤ Partnership has grown to 𝐚𝐩𝐩𝐫𝐨𝐱𝐢𝐦𝐚𝐭𝐞𝐥𝐲 𝟒𝟎𝟎 Palantir certifications across sales, engineering and operations.

➤ First joint deployment delivered a 𝐨𝐯𝐞𝐫 𝟗𝟒% reduction in customer quote cycle time.

➤ Rackspace lowered 𝐅𝐘𝟐𝟎𝟐𝟔 revenue outlook to 𝟐.𝟒𝟓-𝟐.𝟓𝟓 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 from 𝟐.𝟔𝟎-𝟐.𝟕𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧.

➤ FY2026 𝐀𝐝𝐣𝐮𝐬𝐭𝐞𝐝 𝐄𝐁𝐈𝐓𝐃𝐀 outlook reduced to 𝟐𝟖𝟓-𝟐𝟗𝟓 𝐦𝐢𝐥𝐥𝐢𝐨𝐧.

➤ Q2 2026 revenue expected at 𝟔𝟒𝟏-𝟔𝟒𝟗 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 with Adjusted EBITDA of 𝟓𝟖-𝟔𝟐 𝐦𝐢𝐥𝐥𝐢𝐨𝐧.

➤ Rackspace targets 𝟑𝟎𝐌𝐖 AI capacity by 2028, generating 𝟒𝟓𝟎-𝟔𝟎𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 annual revenue.

👉 𝐖𝐡𝐲 𝐈𝐭 𝐌𝐚𝐭𝐭𝐞𝐫𝐬:

➤ Palantir partnership strengthens Rackspace's position in the 𝐞𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞 𝐀𝐈 market.

➤ AI infrastructure expansion targets a 𝐡𝐢𝐠𝐡-𝐦𝐚𝐫𝐠𝐢𝐧 growth business beginning in 2027.

➤ Lower near-term guidance reflects a strategic shift toward 𝐥𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐀𝐈 investments.

👉 𝐄𝐱𝐩𝐞𝐫𝐭 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭:

➤ "The best-of-breed partnerships we have signed during 2026 – with AMD, Palantir, Rubrik, Uniphore and VMware by Broadcom – combined with the data center capacity and 25+ years of expertise that Rackspace brings to the table, represent a unique positional advantage for Rackspace. Today's capital raise announcement is meaningful because it will enable us to expedite our AI Enterprise strategy and unlock a meaningful revenue and EBITDA growth vector for Rackspace, starting in 2027." — 𝐆𝐚𝐣𝐞𝐧 𝐊𝐚𝐧𝐝𝐢𝐚𝐡, Chief Executive Officer of Rackspace Technology.

➤ "Apollo remains highly supportive of Rackspace's strategy and believes the Company is taking the right steps to fund its next phase of growth. We are excited about the opportunity ahead and remain aligned with Rackspace as it builds a differentiated platform for Enterprise AI." — 𝐀𝐚𝐫𝐨𝐧 𝐒𝐨𝐛𝐞𝐥, Partner at Apollo Global Management and Member of Rackspace Technology's Board of Directors.