Rackspace Technology is trading 9.09% up now in pre-market at $5.16 after August 10, 2026, second-quarter results showed an adjusted loss per share of $0.08, beating the $0.09 estimate.
- Revenue reached $670.1 million, while Private Cloud revenue grew 5% year over year.
- Full-year revenue guidance is $2.45 billion to $2.55 billion.
- The release highlighted continued AI-focused positioning amid ongoing losses, likely driving the pre-market response.