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Rackspace Technology Inc (RXT) outlines its strategic pivot to AI and higher-margin opportunities, despite a revised revenue outlook for FY26.

Rackspace stock sinks as management lowered full-year guidance. Here’s why RXT shares are attractive to load up on the dip.

Sagar Hebbar: Thank you, and welcome to Rackspace Technologies First Quarter 2026 Earnings Conference Call. Joining me today are Gajen Kandiah, our Chief Executive Officer; and Mark Marino, our Chief Financial Officer. Rackspace Technology assumes no obligation to update the information presented on the call, except as required by law.

Gajen Kandiah: Thank you, Sagar. As a result, they are moving beyond isolated AI experiments to operating AI at scale inside core enterprise systems. AI is infusing every workload and as it becomes embedded in customer data, financial systems and regulated processes, where it runs starts to matter.

Rackspace Technology (NASDAQ:RXT) reported first-quarter 2026 revenue growth and reaffirmed its full-year outlook, while management emphasized the company’s shift toward managed, governed enterprise artificial intelligence infrastructure for regulated and sovereign environments. Chief Executive Off

Rackspace Technology (NASDAQ:RXT) executives used the company’s fourth quarter 2025 earnings call to outline a sharpened strategic focus on operationalizing enterprise AI in regulated environments, while also reviewing quarterly results that management said exceeded guidance across most metrics. Ma

Rackspace Technology Inc (RXT) reports strong public cloud performance and strategic focus on AI, despite challenges in private cloud revenue.

On a per-share basis, the San Antonio-based company said it had a loss of 13 cents. Losses, adjusted for non-recurring costs, came to 1 cent per share. The company posted revenue of $682.8 million in the period.