secwatch.observer — SEC 8-K summary
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Issuer:     Rackspace Technology, Inc. (RXT)
CIK:        0001810019
Form:       8-K
Filed at:   2026-08-10T20:08:51+00:00
Accession:  0001810019-26-000092
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rackspace Q2 revenue $670M (+0.6% YoY), net loss widens to $68M
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- Revenue $670M, +0.6% reported (+0.4% cc) vs $666M prior year; Private Cloud $263M (+5.5%), Public Cloud $407M (-2.3%).
- Net loss -$68M (-$0.27 diluted EPS) vs -$55M (-$0.23); Non-GAAP EPS -$0.08 vs -$0.06, 33% worse YoY.
- Operating loss -$33M vs -$25M; Non-GAAP Operating Profit flat at $27M.
- Q2 cash flow used in ops -$32M; TTM cash flow from ops $104M; cash $111M, total liquidity $202M.
- Launched Managed Compute and Inference Platform with AMD and Palantir; CEO cites regulated-industry AI demand.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1810019/000181001926000092/0001810019-26-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1810019/000181001926000092/rxt-20260810.htm
  HTML page:      https://secwatch.observer/filing/0001810019-26-000092

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