{"schema_version":"secwatch.filing_event.v1","accession":"0001810019-23-000126","form_type":"8-K","ticker":"RXT","cik":"0001810019","company_name":"Rackspace Technology, Inc.","filed_at":"2023-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.347581+00:00","generated_at":"2026-06-12T02:34:36.731304+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Rackspace Q2 revenue down 3% YoY; Non-GAAP operating profit plunges 60%","bullets":["Revenue $746M (-3% YoY); Public Cloud +3% to $435M, Private Cloud -11% to $311M.","GAAP net loss $27M ($0.13 diluted) vs $41M loss; Non-GAAP loss per share ($0.06) vs prior EPS $0.17.","Non-GAAP operating profit $39M, down 60% from $99M; cash from ops $38M in Q2.","Q3 guide: rev $722-732M, Public Cloud $428-433M, Private Cloud $294-299M, Non-GAAP op profit $43-47M.","Launched Foundry for AI by Rackspace (FAIR) for generative AI solutions."],"urls":{"canonical":"https://secwatch.observer/filing/0001810019-23-000126","json":"https://secwatch.observer/filing/0001810019-23-000126.json","markdown":"https://secwatch.observer/filing/0001810019-23-000126.md","text":"https://secwatch.observer/filing/0001810019-23-000126.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1810019/000181001923000126/0001810019-23-000126-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1810019/000181001923000126/rxt-20230808.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T02:34:36.731304+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"83f78133800b368774a93e539ce111f94226715c","claim":"Rackspace Technology, Inc. reported the fiscal quarter ended June 30, 2023 results: revenue $746 million, net income $(27) million, EPS $(0.13).","evidence_excerpt":"filings, unless expressly incorporated by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Rackspace Technology Reports Second Quarter 2023 Results • Revenue of $746 million in the Second Quarter, down 3% Year-over-Year • Public Cloud Revenue grew 3% Year-over-Year to $435 million • Private Cloud Revenue was $311 million, down 11% Year-over-Year •","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1810019/000181001923000126/0001810019-23-000126-index.htm","confidence":0.975,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter ended June 30, 2023"},{"label":"Revenue","value":"$746 million"},{"label":"Net income","value":"$(27) million"},{"label":"EPS","value":"$(0.13)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"99ea715cb05065a63eed8c5c2e31eba683e82876","claim":"Rackspace Technology, Inc. updated its Q3 2023 guidance (initiated).","evidence_excerpt":"Rackspace Technology is providing guidance as follows: Q3 2023 Guidance Total Revenue $722 - $732 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1810019/000181001923000126/0001810019-23-000126-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q3 2023"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}