Rackspace cuts FY26 revenue outlook by $150M, expands AI plans

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Rackspace Technology Announces Plans to Accelerate Enterprise AI Growth Vector; Provides Preliminary 2Q26 Results and Updates FY26 Outlook

July 9, 2026 7:51 AM EDT

Investments and Partnerships to Fuel AI Growth in 2027 and Beyond

Palantir names Rackspace Technology as a Preferred Partner in Regulated and Sovereign Markets

SAN ANTONIO, July 09, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a global enterprise AI infrastructure and solutions provider, today announced a strategic and financial update on its transition to becoming the operator of the full... More