Filing Flows › Rackspace Technology (RXT) › Q2 2026 › vs Q1 2026
Rackspace Technology (RXT) Q2 2026 vs Q1 2026 (quarter over quarter)
Rackspace Technology's revenue fell $8.0M (-1%) from $678M in Q1 2026 to $670M in Q2 2026.
Rackspace Technology, Q2 2026: revenue $670M (+0.6% year over year), operating margin -5.0%, net loss $67.5M, operating cash flow −$31.5M. The chart draws each line against Q1 2026, the increases inside each band.
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $670M | $678M | −$8.0M | -1% |
| Net loss | $67.5M | −$8.3M | $75.8M | — |
| Costs & expenses | $738M | $704M | $33.4M | +5% |
| Operating costs | $703M | $696M | $7.4M | +1% |
| Interest & other, net | $32.5M | −$26.0M | $58.5M | — |
| Income tax | $1.8M | −$100K | $1.9M | — |
| Cost of revenue | $555M | $559M | −$3.7M | -0.7% |
| Operating expenses | $148M | $137M | $11.1M | +8% |
| Operating cash sources | $80.4M | $42.1M | $38.3M | +91% |
| Depreciation | $38.5M | $40.6M | −$2.1M | -5% |
| Share-based compensation | $10.4M | $6.6M | $3.8M | +58% |
| Cash used in operations | $31.5M | −$5.1M | $36.6M | — |
| Net loss absorbed | $67.5M | −$8.3M | $75.8M | — |
| Working capital & other | $12.9M | $50.4M | −$37.5M | -74% |
Questions
How much did Rackspace Technology's revenue grow quarter over quarter in Q2 2026?
Rackspace Technology's revenue fell $8.0M (-1%) from $678M in Q1 2026 to $670M in Q2 2026.