Short answer
Rackspace Technology, Inc. (RXT) filed its Q2 2026 10-Q quarterly report on Aug 10, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $670M (up 0.6% year over year) with net income of −$68M.
Q2 2026 key financials · XBRL
- Revenue
- $670M
- +0.6% YoY · −1.2% QoQ
- Net income
- −$68M
- −23.9% YoY · −913.3% QoQ
- Operating margin
- -5.0%
- Gross margin
- 17.1%
- EPS (diluted)
- −$0.27
- −17.4% YoY · −1000.0% QoQ
Source: XBRL data from the Rackspace Technology, Inc. (RXT) Q2 2026 10-Q on SEC EDGAR. USD.
Rackspace Technology, Inc. Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Segment structure: Public Cloud and Private Cloud
- Public Cloud: services-centric, capital-light model across AWS, Microsoft Azure and Google Cloud
- Private Cloud: technology-forward, capital-intensive managed services model
- Business positioning: enterprise AI stack, governed private cloud through production AI inference and agents
Risk Factors
- New partner-dependency risk triggered by GPUaaS Agreement with AMD and 30-megawatt AMD Footprint Obligation
- Most material update: AI infrastructure investment risk expanded to substantial additional debt, collateral pledges, covenants, and refinancing exposure
- Regulatory or compliance risk: no material changes disclosed from the Annual Report
- Near-term operational risk: GPU underutilization could reduce margins and cash flows because infrastructure costs remain fixed
- Financial concentration risk: residual unsold capacity purchases from AMD subject to delivery requirements and deployment caps
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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