---
schema_version: "secwatch.filing_event.v1"
accession: "0001810019-22-000163"
form_type: "8-K"
ticker: "RXT"
cik: "0001810019"
company_name: "Rackspace Technology, Inc."
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T01:48:35.807375+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Q3 rev +3% to $788M but GAAP net loss $(512)M on $405M goodwill impairment; guides Q4 below Q3

## Summary
- GAAP net loss $(512)M vs $(35M) YoY; diluted EPS $(2.43).
- Non-GAAP operating profit $80M (-36% YoY); Non-GAAP EPS $0.10 (-60%).
- Goodwill impairment $405M and asset impairment $59M in Q3.
- Core revenue grew 5% to $751M; overall revenue up 3% to $788M.
- Q4 guidance: revenue $772-782M, Non-GAAP EPS $0.04-0.06.

## SEC filing metadata
- accession: 0001810019-22-000163
- form_type: 8-K
- ticker: RXT
- cik: 0001810019
- company_name: Rackspace Technology, Inc.
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1810019/000181001922000163/0001810019-22-000163-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1810019/000181001922000163/rxt-20221109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001810019-22-000163
- JSON: https://secwatch.observer/filing/0001810019-22-000163.json
- Plain text: https://secwatch.observer/filing/0001810019-22-000163.txt

## Key facts
- Earnings Releases
  Rackspace Technology, Inc. reported third quarter ended September 30, 2022 results: revenue $788 million, net income $(512) million, EPS $(2.43). Guidance reaffirmed.
  - Period: third quarter ended September 30, 2022
  - Revenue: $788 million
  - Net income: $(512) million
  - EPS: $(2.43)
  - Guidance: reaffirmed
  - Result: reported results
  source text: Rackspace Technology Reports Third Quarter 2022 Results • Revenue of $788 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1810019/000181001922000163/0001810019-22-000163-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.