---
schema_version: "secwatch.filing_event.v1"
accession: "0001810019-26-000078"
form_type: "8-K"
ticker: "RXT"
cik: "0001810019"
company_name: "Rackspace Technology, Inc."
filed_at: "2026-07-09T12:13:03+00:00"
generated_at: "2026-07-09T12:15:08.450031+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Rackspace cuts FY26 revenue guidance by $150M, launches $250M ATM, pivots to Enterprise AI

## Summary
- Preliminary Q2 2026 revenue $641-649M; GAAP net loss $(91)-$(62)M; Adj. EBITDA $58-62M.
- FY26 revenue outlook lowered to $2.45-2.55B (from $2.6-2.7B); Adj. EBITDA lowered to $285-295M (from $305-315M).
- Entered $250M at-the-market equity offering with Goldman Sachs; AR facility extended to July 2029, capacity up to $350M.
- Palantir named Rackspace a preferred partner for regulated/sovereign AI deployments; ~400 Palantir certifications achieved.
- Targets 30MW of Enterprise AI capacity by end 2028, with $450-600M annual revenue and 50%+ Adj. EBITDA margins.

## SEC filing metadata
- accession: 0001810019-26-000078
- form_type: 8-K
- ticker: RXT
- cik: 0001810019
- company_name: Rackspace Technology, Inc.
- filed_at: 2026-07-09T12:13:03+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1810019/000181001926000078/0001810019-26-000078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1810019/000181001926000078/rxt-20260702.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001810019-26-000078
- JSON: https://secwatch.observer/filing/0001810019-26-000078.json
- Plain text: https://secwatch.observer/filing/0001810019-26-000078.txt

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