Rackspace Technology, Inc. 8K

Rackspace Technology provided a strategic enterprise AI update, expanded its Palantir partnership, and lowered its FY26 revenue and EBITDA outlook while giving preliminary 2Q26 results tied to its AI-focused transition.

On July 9, 2026, Rackspace Technology, Inc. announced a strategic shift to become the operator of the full enterprise AI stack, highlighted an expanded partnership under which Palantir has named Rackspace a preferred partner in regulated and sovereign markets, disclosed preliminary financial results for the second quarter of 2026, and materially updated its full-year 2026 outlook by reducing expected revenue by approximately $150 million and adjusted EBITDA by $20 million as it exits colocation/basic hosting and low-margin public cloud resale to reserve capacity and capital for higher-margin enterprise AI deployments beginning to scale in 2027–2028.

Filing Facts

CIK

1810019

Ticker

-

Form

8K

Source Type

sec

Accession

0001810019-26-000078

Alert Tier

7