17 days ago
Scott Anthony, Director of Rackspace Technology (NASDAQ:RXT), reported a sale of 48,780 shares of common stock in an SEC Form 4 filing on Aug. 17, 2026.
Metric
Value
Shares sold
48,780
#scott #rackspace #NASDAQ #metric
Metric
Value
Shares sold
48,780
#scott #rackspace #NASDAQ #metric
1 month ago
Interested in Rackspace Technology, Inc.? Here are five stocks we like better.
Rackspace reported Q2 revenue of $670 million, up 1% year over year, while maintaining 2026 guidance and forecasting positive full-year free cash flow of $50 million to $70 million.
The company is expanding its enterprise AI infrastructure strategy, including an AMD-backed plan to deploy 30 megawatts of compute capacity by 2028. Rackspace expects the initiative to generate $450 million to $600 million in annual revenue at full capacity, with enterprise AI EBITDA margins above 50%.
Private Cloud revenue rose 5% to $263 million, helped by contract-related revenue timing, while Public Cloud revenue fell 2% to $407 million. Despite the decline, Public Cloud margins improved as Rackspace shifted toward higher-value AI, data and managed-services work.
Rackspace's AI Land Grab: Plugging Into the Next Compute Boom
#cloud #enterprise #capacity
Rackspace reported Q2 revenue of $670 million, up 1% year over year, while maintaining 2026 guidance and forecasting positive full-year free cash flow of $50 million to $70 million.
The company is expanding its enterprise AI infrastructure strategy, including an AMD-backed plan to deploy 30 megawatts of compute capacity by 2028. Rackspace expects the initiative to generate $450 million to $600 million in annual revenue at full capacity, with enterprise AI EBITDA margins above 50%.
Private Cloud revenue rose 5% to $263 million, helped by contract-related revenue timing, while Public Cloud revenue fell 2% to $407 million. Despite the decline, Public Cloud margins improved as Rackspace shifted toward higher-value AI, data and managed-services work.
Rackspace's AI Land Grab: Plugging Into the Next Compute Boom
#cloud #enterprise #capacity
3 months ago
Rackspace Technology (NASDAQ:RXT) shares surged 30% on Tuesday after the company announced a definitive agreement with AMD (NASDAQ:AMD) to deploy 30 megawatts of AI computing infrastructure powered by AMD technology.
The deal formalizes the Memorandum of Understanding the two companies unveiled on May 7, 2026, and establishes AMD as a key strategic technology partner within Rackspace's managed artificial intelligence platform.
Under the agreement, the infrastructure rollout will take place in phases across Rackspace's worldwide data center network beginning in late 2026 and continuing through 2028.
The deployment is expected to significantly expand Rackspace's AI computing capabilities as enterprises increase investment in large-scale artificial intelligence applications and data-intensive workloads.
The platform will be built around AMD's latest AI and data center technologies, including Instinct MI355X and MI350P graphics processing units, alongside AMD EPYC central processing units.
The deal formalizes the Memorandum of Understanding the two companies unveiled on May 7, 2026, and establishes AMD as a key strategic technology partner within Rackspace's managed artificial intelligence platform.
Under the agreement, the infrastructure rollout will take place in phases across Rackspace's worldwide data center network beginning in late 2026 and continuing through 2028.
The deployment is expected to significantly expand Rackspace's AI computing capabilities as enterprises increase investment in large-scale artificial intelligence applications and data-intensive workloads.
The platform will be built around AMD's latest AI and data center technologies, including Instinct MI355X and MI350P graphics processing units, alongside AMD EPYC central processing units.
