Filing Flows › Rackspace Technology (RXT) › Q2 2026
Rackspace Technology (RXT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
Rackspace Technology (RXT) reported revenue of $670M for the second quarter 2026 (Q2 2026), +0.6% from a year earlier and -1% from the quarter before. Operating margin was -5.0%, net loss $67.5M (10.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $670M | -1% | +0.6% |
| Operating profit | −$33.2M | — | — |
| Net earnings | −$67.5M | -913% | — |
| Operating cash flow | −$31.5M | -718% | -475% |
What changed
Revenue was $670.1M in Q2 2026, up 1% year over year and down 1% from the previous quarter.
Gross margin was 17.1%, down 2.3 points from Q2 2025. Operating costs exceeded revenue by $33.2M, an operating margin of -5.0%. Operating expenses fell 4% while revenue rose 1%. The quarter ended with a net loss of $67.5M, after a profit of $8.3M the previous quarter.
Operating cash flow was −$31.5M. Non-cash charges added back $38.5M of depreciation and $10.4M of share-based compensation. Working capital and other items used $12.9M. Capital expenditures of $16.8M exceeded it, leaving free cash flow of −$48.3M.
Questions
What was Rackspace Technology's revenue in the second quarter 2026?
Rackspace Technology (RXT) reported revenue of $670M for the second quarter 2026 (Q2 2026), +0.6% from a year earlier and -1% from the quarter before.
Was Rackspace Technology profitable in the second quarter 2026?
Operating loss was $33.2M (-5.0% of revenue) and net loss $67.5M.