secwatch.observer — SEC 8-K summary
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Issuer:     Rackspace Technology, Inc. (RXT)
CIK:        0001810019
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001810019-26-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rackspace Q1 revenue $678M (+2% YoY); net income $8M; AMD AI MOU
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1810019/000181001926000041/0001810019-26-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1810019/000181001926000041/rxt-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001810019-26-000041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer