- Rackspace Technology reported second-quarter revenue of $670 million, driven by an expanded enterprise AI infrastructure strategy and a definitive agreement with AMD to deploy compute capacity.
- The company strengthened its partnership with Palantir and advanced its Private Cloud sector, which saw revenue rise 5% year over year to $263 million.
- Rackspace maintained its full-year 2026 guidance, projecting GAAP revenue between $2.45 billion and $2.55 billion while anticipating positive annual free cash flow.
- Rackspace Technology, Inc. reported its Q2 2026 financial results, with revenue rising 1 % year-over-year to $670 million.
- The revenue growth was driven by Private Cloud expansion and newly established partnerships with AMD and Palantir.
- The company reaffirmed its full-year guidance and maintained a total liquidity of $202 million as of June 30, 2026.
