Rackspace Tech

Q2 FY2026 EarningsQ2 FY26 results beat consensus across key metrics, with revenue reaching $670.1M vs. $646.0M expected. While Public Cloud declined 2.3% YoY, Private Cloud revenue grew 5.5%, supported by expanding AI infrastructure demand and the launch of the Managed Compute and Inference Platform. Non-GAAP EPS of ($0.08) slightly outperformed the ($0.09) mean estimate, even as GAAP net loss widened due to restructuring costs and increased interest expense. FY26 revenue guidance remains consistent at $2.45B-$2.55B, aligning with the long-term recovery trajectory.