secwatch.observer — SEC 8-K summary
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Issuer:     Rackspace Technology, Inc. (RXT)
CIK:        0001810019
Form:       8-K
Filed at:   2026-07-09T12:13:03+00:00
Accession:  0001810019-26-000078
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.02, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1810019/000181001926000078/0001810019-26-000078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1810019/000181001926000078/rxt-20260702.htm
  HTML page:      https://secwatch.observer/filing/0001810019-26-000078

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