earnings
confidence high
sentiment positive
materiality 0.70
Rackspace Q1 revenue $678M (+2% YoY); net income $8M; AMD AI MOU
Rackspace Technology, Inc.
2026-Q1 EPS reported
$0.03
revenue$678,100,000
- Revenue $678M (+2% YoY); Public Cloud $443M (+7%), Private Cloud $235M (-6%).
- Net income $8M ($0.03 diluted EPS) vs net loss $72M ($(0.31) loss) a year ago.
- Non-GAAP Operating Profit $31M (+20% YoY); Non-GAAP loss per share $(0.06) unchanged.
- Cash flow from ops $5M in Q1; TTM $144M. Cash & equivalents $94M, total liquidity $295M.
- Signed MOU with AMD to establish governed enterprise AI infrastructure as new category.