Reported earlier, Rackspace Technology Lowers FY2026 Adj EPS Guidance from $(0.20)-$(0.15) to $(0.30)-$(0.25) vs $(0.15) Est; Affirms FY2026 Sales Guidance of $2.450B-$2.550B vs $2.499B Est
Rackspace Technology (NASDAQ:RXT) lowers FY2026 Adj EPS guidance from $(0.20)-$(0.15) to $(0.30)-$(0.25) vs $(0.15) analyst estimate. Affirms FY2026 sales outlook from $2.450 billion-$2.550 billion to $2.450
Rackspace said it will make less profit than expected next year, but it's keeping its sales goal the same. This tells us the company might be spending more money or facing tougher costs, even though customers are buying about what we thought.
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