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Rackspace Technology (RXT) guidance and outlook

Rackspace Technology (RXT) raised its guidance on Nov 9, 2026: Revenue $2.5B–$2.6B for FY2026. Rackspace Technology's 10-Q filed Nov 9, 2026 makes 15 forward-looking statements.

Guidance and outlook

Latest guidance

From the earnings release filed Nov 9, 2026 (8-K on EDGAR).

Forward-looking statements, 10-Q filed Nov 9, 2026

• These factors have and will continue to affect demand for our products and services.
• Our existing and prospective customers are also under increasing pressure to move from on-premise or self-managed IT to the cloud to compete effectively in a digital economy and maximize the value of their cloud investments, which we believe presents an opportunity for professional services projects as well as new recurring business.
• We also expect to continue to de-emphasize and/or exit lower-margin infrastructure resale in Public Cloud over time, as hyperscalers continue to move customers to direct contracts and we prioritize resources for higher-margin opportunities.
• Following these transitions, we believe our business mix will shift from legacy lower-growth, lower-margin revenue opportunities toward higher-growth, higher margin revenue opportunities as our strategy matures.
• We expect near-term margin pressure as we fund this next phase of growth, as certain investments are anticipated to be incurred ahead of Enterprise AI revenue ramping.
• We typically recognize revenue on a daily basis, as services are provided, in an amount that reflects the consideration to which we expect to be entitled in exchange for our services.
• Following the Rackspace Acquisition, we acquired several businesses, sold businesses and investments that we deemed to be non-core and launched multiple integration and business transformation initiatives intended to improve the efficiency of people and operations and identify recurring cost savings and new revenue growth opportunities.
• These non-GAAP measures are not intended to imply that we would have generated higher income or avoided net losses if the Rackspace Acquisition and the subsequent transactions and initiatives had not occurred.
• Our presentation of Non-GAAP Net Income (Loss), Non-GAAP Operating Profit and Adjusted EBITDA should not be construed as an inference that our future results will be unaffected by these items.
• Based on our current level of operations and available cash, we believe our sources will provide sufficient liquidity over at least the next twelve months.
• We cannot provide assurance, however, that our business will generate sufficient cash flows from operations or that future borrowings will be available to us under the Revolving Credit Facility or from other sources in an amount sufficient to enable us to pay our indebtedness or to fund our other liquidity needs.
• We cannot assure that we will be able to refinance any of our indebtedness on commercially reasonable terms or at all.

Rackspace Technology's latest quarter

Questions

Did Rackspace Technology raise or lower its guidance?

Rackspace Technology (RXT) raised its guidance on Nov 9, 2026: Revenue $2.5B–$2.6B for FY2026.

What does Rackspace Technology expect?

These factors have and will continue to affect demand for our products and services. Our existing and prospective customers are also under increasing pressure to move from on-premise or self-managed IT to the cloud to compete effectively in a digital economy and maximize the value of their cloud investments, which we believe presents an opportunity for professional services projects as well as new recurring business. We also expect to continue to de-emphasize and/or exit lower-margin infrastructure resale in Public Cloud over time, as hyperscalers continue to move customers to direct contracts

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Updated Nov 10, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.