Rackspace Technology
Runs managed public-cloud and private-cloud operations for enterprise IT workloads.
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Profile
Provides managed services, Elastic Engineering, and professional services across AWS, Microsoft Azure, Google Cloud, and private-cloud environments. Public Cloud is the larger segment, while Private Cloud depends on Rackspace data centers, customer data centers, colocation partners, and legacy OpenStack operations.
Provides managed cloud operations, Elastic Engineering, professional services, cloud consulting, migration, optimization, data and analytics, cybersecurity, applications, and modern-work services across AWS, Microsoft Azure, Google Cloud, and private-cloud environments.
Serves customers in more than 120 countries through a model split between Public Cloud and Private Cloud. Public Cloud centers on hyperscaler-hosted environments, while Private Cloud runs customer workloads in Rackspace data centers, customer data centers, colocation facilities, and legacy OpenStack infrastructure.
Execution depends on deep technical support, continuous optimization, and partner access to hyperscaler ecosystems. The business also carries service-continuity and cybersecurity exposure from operating customer infrastructure, with a prior Hosted Exchange ransomware incident treated in context as limited to a small managed email product.
Company facts
Categories
Key statistics
Year to date +225% · Average volume (30d) 7.3M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jun 17, 2026 | RBC Capital | Reiterate | Sector Perform | $4 | ||
| Jun 12, 2026 | UBS | Target | $1.80 | $5.50 | ||
| May 12, 2026 | BMO Capital | Target | $3.50 | $5 | ||
| Jun 2, 2025 | Raymond James | Downgrade | Outperform | Market Perform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 11, 2026Q2 FY26 | −$0.09 | −$0.08 | +11.2% | $646.0M | $670.1M | +3.7% | +6.67% |
| May 7, 2026Q1 FY26 | −$0.03 | −$0.06 | −86.5% | $660.8M | $678.1M | +2.6% | +55.97% |
| Feb 26, 2026Q4 FY25 | −$0.04 | −$0.01 | +72.2% | $672.4M | $682.8M | +1.6% | −14.47% |
| Nov 6, 2025Q3 FY25 | −$0.03 | −$0.05 | −73.1% | $672.6M | $671.2M | −0.2% | −15.07% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $665.4M | $666.3M | $671.2M | $682.8M | $678.1M | $666.3M | |
| Gross profit | $89.5M | $91.6M | $92.4M | $64.7M | $87.8M | $129.2M | |
| Operating income | −$25.3M | −$20.7M | −$23.9M | $1.5M | −$8.8M | −$25.1M | |
| Net income | −$71.5M | −$54.5M | −$67.1M | −$32.7M | $8.3M | −$67.5M | |
| Diluted EPS | −$0.31 | −$0.23 | −$0.28 | −$0.13 | $0.03 | −$0.27 | |
| Gross margin | 13.5% | 13.7% | 13.8% | 9.5% | 12.9% | 19.4% | |
| Operating margin | -3.8% | -3.1% | -3.6% | 0.2% | -1.3% | -3.8% |
Fiscal years (4-quarter sums)FY21 $3.01B · FY22 $3.12B · FY23 $2.96B · FY24 $2.74B · FY25 $2.69B
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $110.6M · Total debt $3.30B · Total assets $2.75B · Shareholders' equity −$1.28B
Dividends
No dividends on record.
Ownership
Shares outstanding 253.91M · Float 76.88M · 30.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Apollo Management Holdings, L.P. | 129.61M | 51.05% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 7.87M | 3.10% | 13F | Aug 7, 2026 |
| Voss Capital, LLC | 7.59M | 2.99% | 13F | Aug 14, 2026 |
| AQR Capital Management LLC | 5.13M | 2.02% | 13F | Aug 14, 2026 |
| Amar Maletira · director, other: Former Chief Executive Officer | 4.61M | 1.82% | Form 4 | Sep 17, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 14, 2026 | Anthony Scott | director | −48,780 | $4.25 |
| Jun 4, 2026 | Dharmendra Kumar Sinha | officer: EVP, President, Public Cloud | −48,099 | $5.56 |
| Jun 4, 2026 | Mark A. Marino | officer: Chief Financial Officer | −48,099 | $5.56 |
| Jun 4, 2026 | Kellie Teal-Guess | officer: Chief Human Resources Officer | −33,966 | $5.56 |
| May 18, 2026 | Kellie Teal-Guess | officer: Chief Human Resources Officer | −113,232 | $5.12 |
Peers
- Accenture
Broad cloud consulting and managed services across hyperscalers
- Kyndryl
Managed infrastructure and hybrid-cloud operations for enterprises
- IBM
Hybrid cloud, consulting, infrastructure, and AI operations
- DXC Technology
Runs and modernizes hybrid IT across cloud, data centers, and security
- Cognizant Technology Solutions
Cloud, data, AI, and cybersecurity services for large enterprises
- Infosys (ADR)
Hybrid/multicloud management, Cobalt, data, AI, and security
- Wipro (ADR)
Cloud infrastructure, cybersecurity, data, and modernization services
- EPAM Systems
Digital engineering, cloud platforms, AI, and cyber services
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Rackspace Technology | $3.15 | −0.15% | $799.8M | — | — | 0.3 | +0.6% |
| Accenture | $189.20 | −0.17% | $116.03B | 15.1 | 13.2 | 1.6 | +5.6% |
| Kyndryl | $13.20 | 0.00% | $2.91B | 9.0 | 5.3 | 0.1 | −3.3% |
| IBM | $235.80 | +0.10% | $221.96B | 20.8 | 18.4 | 3.2 | +1.1% |
| DXC Technology | $11.21 | +0.04% | $1.82B | 15.1 | 4.1 | 0.1 | −5.1% |
| Cognizant Technology Solutions | $64.12 | +0.11% | $28.85B | 13.8 | 10.6 | 1.3 | +4.5% |
| Infosys (ADR) | $12.01 | −0.41% | $48.89B | 14.9 | 14.8 | 2.4 | +1.0% |
| Wipro (ADR) | $1.82 | +0.10% | $18.00B | 13.8 | 17.4 | 1.9 | −1.0% |
| EPAM Systems | $114.11 | −0.63% | $6.00B | 15.6 | 8.5 | 1.1 | +4.5% |
| Median | 15.0 | 11.9 | 1.5 | +1.1% |