Rackspace Technology Inc reports results for the quarter ended June 30 - Earnings Summary

Rackspace Technology

11/08/2026 14:31

Rackspace Technology Inc RXT.OQ reported a quarterly adjusted loss of 8 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -6 cents.  The mean expectation of three analysts for the quarter was for a loss of 8 cents per share. Wall Street expected results to range from -9 cents to -8 cents per share.
Revenue rose 0.6% to $670.10 million from a year ago; analysts expected $646.00 million. 
Rackspace Technology Inc's reported EPS for the quarter was a loss of 27 cents​.
The company reported a quarterly loss of $67.5 million.
Rackspace Technology Inc shares had fallen by 27.6% this quarter and gained 387.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 41.7% in the last three months.​ 
In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is  "buy."
Wall Street's median 12-month price target for Rackspace Technology Inc is $5.00, about 5.4% above its last closing price of $4.73
This summary was machine generated from LSEG data August 11 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING
ESTIMATE 
ACTUAL
BEAT, MET, MISSED
Jun. 30 2026 
-0.08
-0.08
Met
Mar. 31 2026 
-0.03
-0.06
Missed
Dec. 31 2025 
-0.03
-0.01
Beat
Sep. 30 2025 
-0.05
-0.05
Met