🟢 Rackspace Technology is trading 11.43% up in pre-market after narrower-than-expected adjusted loss

Rackspace Technology is trading 11.43% up in pre-market at $5.27 after second-quarter 2026 results showed a narrower-than-expected non-GAAP loss.

• Revenue was $670 million, while adjusted loss per share was $0.08 versus a $0.09 estimate; Private Cloud performance was stronger.
• The earnings release and conference call were scheduled for August 11, 2026, providing an overnight catalyst.
• Despite a revenue shortfall and narrowed full-year outlook, investors appear focused on Private Cloud growth and the company’s AI-related strategy.