Rackspace reports Q1 2026 profit, 2% revenue growth; announces preliminary AMD AI partnership

Filed May 7, 2026 · Period ending May 7, 2026 · ~1 min read

Key Changes

• high

  Q1 2026 revenue rose 2% to $678M, driven by 7% Public Cloud growth to $443M, offset by 6% Private Cloud decline to $235M. Net income of $8M ($0.03/share) vs. $72M loss in Q1 2025, aided by $55.8M debt extinguishment gain.

  Exhibit 99.1 verify on EDGAR →
• high

  FY 2026 guidance: revenue $2.6B-$2.7B, Adjusted EBITDA $305M-$315M, Non-GAAP loss per share $0.15-$0.20. Public Cloud expected $1.575B-$1.625B, Private Cloud $1.025B-$1.075B.

  Exhibit 99.1 verify on EDGAR →
• medium

  Signed non-binding MOU with AMD for enterprise AI infrastructure. No definitive agreements reached, discussions remain preliminary, no assurance of binding arrangements or anticipated benefits.

  Exhibit 99.1 verify on EDGAR →