Rackspace Technology projects second quarter 2026 revenue between $641-$649 million and announces new financing activities.

Rackspace Technology issued preliminary financial results for the second quarter ended June 30, 2026, expecting revenue in the range of $641 million to $649 million and a Non-GAAP Loss Per Share between $(0.11) and $(0.08). The company also announced a new at-the-market equity offering and an extension of its accounts receivable facility.

Key Highlights

• Preliminary second quarter revenue is expected to be in the range of $641 million to $649 million, with Public Cloud contributing $399 million to $403 million.
• The company projects a Non-GAAP Loss Per Share between $(0.11) and $(0.08), with Non-GAAP Adjusted EBITDA expected to be between $58 million and $62 million.
• Rackspace entered into an at-the-market equity distribution agreement to offer and sell up to $250 million of its common stock.
• The company also amended its accounts receivable securitization facility, extending the termination date to July 2, 2029, and increasing the potential facility limit to $350 million.