Rackspace Technology Share Price Today

Rackspace Technology signs multi-year deal with Blacksmith for AI infrastructure

Rackspace Technology signs multi-year deal with Blacksmith for 2 MW capacity. Dedicated compute powered by AMD EPYC CPUs in Northern Virginia. Deployment begins in early 2027 to support AI-driven CI workloads. Deal leverages existing 30 MW AMD infrastructure framework.

Rackspace Technology Q3FY26 Results: Revenue $609M beats estimates, EPS loss narrows

Revenue of $609.1 million beat consensus estimate of $573.953 million by 6.12%. Adjusted EPS loss of $(0.06) outperformed the $(0.08) analyst estimate by 25%. Private Cloud revenue rose 4.2% to $260 million while Public Cloud fell 17.2%. Full-year sales outlook raised to $2.510 billion-$2.560 billion, exceeding consensus.

Rackspace investors face final deadline in securities class action

Deadline for lead plaintiff appointment in Rackspace Technology securities class action is September 28, 2026. Lawsuit alleges misleading statements regarding AI pivot impacts on Public Cloud and Private Cloud segments. Stock fell 33.6% after company cut full-year 2026 revenue guidance by $150 million. Plaintiffs claim disclosure gaps existed regarding specific exit decisions from low-margin businesses.

Rackspace joins NVIDIA Cloud Partner Program for sovereign AI infrastructure

Rackspace joins NVIDIA Cloud Partner Program, integrating Blackwell architecture with Palantir software. Stock rises 5.23% in pre-market trading; up 233.68% year-to-date in 2026. New Institutional Sovereign Pod offers governed AI infrastructure for regulated enterprises. RBC Capital maintains Hold rating with $4 price target, implying 27% upside. Partnership aligns with broader NVIDIA-Palantir sovereign AI supply chain initiatives.

Rackspace investors urged to act before Sept 28 lead plaintiff deadline

Rackspace investors who bought between May 7 and July 8, 2026, have until September 28, 2026, to seek lead plaintiff status. The class action alleges Rackspace concealed the financial impact of its AI strategy shift, including capacity reprioritization. Guidance cuts included a $150 million reduction in FY26 revenue midpoint and a $20 million cut to Adjusted EBITDA. Shares fell 33.6% to $4.37 on July 9, 2026, following the release of preliminary Q2 2026 results.

Rackspace launches managed VMware Cloud platform for private AI workloads

Rackspace Technology launches Rackspace Cloud on VMware VCF 9.1 in Dallas, expanding to North Virginia and Chicago. Platform supports Kubernetes and containerized apps while maintaining VMware governance. 56% of organizations plan to run production AI inferencing in private clouds, up from public cloud usage which fell to 41%. Service offers elastic consumption, pre-staged infrastructure, and 24x7x365 managed operations.