Rackspace Technology (RXT) Projected to Post Quarterly Earnings on Thursday

Rackspace Technology (NASDAQ:RXT) is expected to be announcing its Q1 2026 results after the market closes on Thursday, May 7th. Analysts expect the company to announce earnings of ($0.0322) per share and revenue of $660.8280 million for the quarter. Rackspace Technology has set its FY 2026 guidance at -0.200–0.15 EPS. Investors are encouraged to explore the company’s upcoming Q1 2026 earning overview page for the latest details on the call scheduled for Thursday, May 7, 2026 at 8:30 AM ET.

Rackspace Technology (NASDAQ:RXT) last posted its earnings results on Thursday, February 26th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.03. The business had revenue of $682.80 million for the quarter, compared to the consensus estimate of $672.56 million.

Rackspace Technology Price Performance

Shares of RXT traded up $0.41 during midday trading on Tuesday, hitting $2.42. The stock had a trading volume of 9,630,742 shares, compared to its average volume of 19,683,732. The company has a 50 day simple moving average of $1.54 and a two-hundred day simple moving average of $1.22. Rackspace Technology has a twelve month low of $0.39 and a twelve month high of $2.74. The firm has a market cap of $596.30 million, a price-to-earnings ratio of -2.55 and a beta of 2.23.

Insider Transactions at Rackspace Technology

In related news, EVP Dharmendra Kumar Sinha sold 188,123 shares of Rackspace Technology stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $1.81, for a total transaction of $340,502.63. Following the completion of the transaction, the executive vice president owned 2,276,057 shares in the company, valued at approximately $4,119,663.17. This trade represents a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Mark A. Marino sold 14,058 shares of Rackspace Technology stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $1.81, for a total value of $25,444.98. Following the transaction, the chief financial officer owned 2,158,874 shares of the company’s stock, valued at $3,907,561.94. The trade was a 0.65% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 502,440 shares of company stock worth $867,173. 2.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Rackspace Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of RXT. Two Sigma Investments LP grew its holdings in Rackspace Technology by 368.4% during the third quarter. Two Sigma Investments LP now owns 673,689 shares of the company’s stock worth $950,000 after purchasing an additional 529,862 shares during the period. Janus Henderson Group PLC grew its holdings in Rackspace Technology by 70.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,050,353 shares of the company’s stock worth $1,020,000 after purchasing an additional 435,113 shares during the period. Vanguard Group Inc. grew its holdings in Rackspace Technology by 6.1% during the third quarter. Vanguard Group Inc. now owns 6,288,882 shares of the company’s stock worth $8,867,000 after purchasing an additional 359,087 shares during the period. Geode Capital Management LLC grew its holdings in Rackspace Technology by 17.9% during the second quarter. Geode Capital Management LLC now owns 2,064,549 shares of the company’s stock worth $2,643,000 after purchasing an additional 313,636 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Rackspace Technology by 25.5% during the second quarter. JPMorgan Chase & Co. now owns 1,437,879 shares of the company’s stock worth $1,840,000 after purchasing an additional 292,249 shares during the period. Institutional investors own 82.48% of the company’s stock.

Wall Street Analyst Weigh In

RXT has been the topic of several recent research reports. Royal Bank Of Canada lifted their price target on Rackspace Technology from $1.75 to $2.50 and gave the company a “sector perform” rating in a research note on Friday, February 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rackspace Technology in a research report on Thursday, January 22nd. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $1.93.

Rackspace Technology Company Profile

Rackspace Technology (NASDAQ: RXT) is a leading provider of managed multi-cloud solutions and services, specializing in the deployment, management and optimization of public and private cloud environments. The company helps organizations design and operate applications across platforms such as Amazon Web Services (AWS), Microsoft Azure, Google Cloud and its own private cloud infrastructure. Rackspace’s core offerings include cloud migration, application modernization, data protection, security services and 24x7x365 operational support.

Beyond cloud hosting, Rackspace offers a range of professional services designed to accelerate digital transformation initiatives.