Rackspace Technology (RXT) Expected to Release Quarterly Earnings on Thursday

Rackspace Technology (NASDAQ:RXT) is anticipated to announce its Q2 2026 results after the market closes on Thursday, August 6th. Analysts expect Rackspace Technology to announce earnings of ($0.09) per share and revenue of $646.00 million for the quarter. Rackspace Technology has set its FY 2026 guidance at -0.200–0.150 EPS. Interested persons can check the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Thursday, August 6, 2026 at 5:00 PM ET.

Rackspace Technology (NASDAQ:RXT) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The business had revenue of $678.10 million during the quarter, compared to analysts’ expectations of $660.83 million.

Rackspace Technology Trading Down 0.8%

NASDAQ RXT opened at $3.78 on Thursday. The firm has a market cap of $959.78 million, a price-to-earnings ratio of -6.20 and a beta of 2.99. Rackspace Technology has a 1-year low of $0.39 and a 1-year high of $8.60. The company has a 50 day moving average of $5.33 and a 200-day moving average of $2.97.

Insider Transactions at Rackspace Technology

In other Rackspace Technology news, CFO Mark A. Marino sold 48,099 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $5.56, for a total transaction of $267,430.44. Following the transaction, the chief financial officer directly owned 3,370,431 shares in the company, valued at approximately $18,739,596.36. This represents a 1.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Rackspace Technology

A number of institutional investors and hedge funds have recently modified their holdings of RXT. Creative Planning lifted its holdings in Rackspace Technology by 114.2% in the second quarter. Creative Planning now owns 25,715 shares of the company’s stock valued at $33,000 after buying an additional 13,708 shares during the period. Jump Financial LLC acquired a new stake in Rackspace Technology during the 4th quarter worth $34,000. Engineers Gate Manager LP raised its position in shares of Rackspace Technology by 47.1% during the 2nd quarter. Engineers Gate Manager LP now owns 34,777 shares of the company’s stock valued at $45,000 after acquiring an additional 11,141 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Rackspace Technology by 3,385.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 64,828 shares of the company’s stock valued at $63,000 after purchasing an additional 62,968 shares during the period. Finally, XTX Topco Ltd lifted its stake in shares of Rackspace Technology by 62.8% in the 2nd quarter. XTX Topco Ltd now owns 57,682 shares of the company’s stock valued at $74,000 after purchasing an additional 22,243 shares during the period. 82.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

RXT has been the subject of a number of research reports. Royal Bank Of Canada raised their target price on Rackspace Technology from $2.50 to $4.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rackspace Technology in a research note on Tuesday, June 2nd. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $2.70.

About Rackspace Technology

Rackspace Technology (NASDAQ: RXT) is a leading provider of managed multi-cloud solutions and services, specializing in the deployment, management and optimization of public and private cloud environments. The company helps organizations design and operate applications across platforms such as Amazon Web Services (AWS), Microsoft Azure, Google Cloud and its own private cloud infrastructure. Rackspace’s core offerings include cloud migration, application modernization, data protection, security services and 24x7x365 operational support.

Beyond cloud hosting, Rackspace offers a range of professional services designed to accelerate digital transformation initiatives.