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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Rackspace
Rackspace (RXT) investor relations material
Rackspace Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary10 Nov, 2026
Executive summary
Q3 revenue was $609.1M, down 9.3% YoY; Private Cloud growth was offset by Public Cloud contraction.
Non-GAAP Operating Profit rose 12.2% to $35.9M; Adjusted EBITDA increased to $75.2M from $69.3M.
FY26 revenue outlook midpoint increased by $35M; Non-GAAP Operating Profit and Adjusted EBITDA guidance were maintained.
Enterprise AI strategy advanced toward signed contracts and deployments, with near-term margin pressure expected before revenue ramps.
Financial highlights
Q3 GAAP revenue was $609.1M vs. $671.2M; gross profit was $113.1M vs. $129.9M.
GAAP operating loss narrowed to $12.5M from $33.9M; net loss narrowed to $53.5M from $67.1M.
Non-GAAP Operating Profit was $35.9M vs. $32.0M; Non-GAAP loss per share was $0.06 vs. $0.05.
Adjusted EBITDA was $75.2M vs. $69.3M; 9M Adjusted EBITDA was $212.3M vs. $195.0M.
9M revenue declined 2.3% to $1,957.3M; net loss was $112.7M vs. $193.1M, including a $62.5M debt-extinguishment gain in 2026.
Outlook and guidance
FY26 revenue guidance is $2.510B–$2.560B, with midpoint implying a 6% YoY decline; Private Cloud is $995M–$1.015B and Public Cloud is $1.515B–$1.545B.
FY26 Non-GAAP Operating Profit guidance is $125M–$135M; Adjusted EBITDA is $285M–$295M, with midpoint growth of 5% YoY.
FY26 Non-GAAP loss per share is $0.25–$0.30; tax rate is 26%, other expense is $220M–$230M, and weighted average shares are 265M–275M, excluding potential ATM dilution.
Planned AMD and NVIDIA capacity is 20–22 MW by end-2027, supporting $420M–$460M annualized revenue and 60%+ EBITDA margins at full deployment and anticipated utilization.
Initial AMD GPU deployment targets nearly 2 MW by year-end 2026, with approximately $75M of associated capital expenditures.
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Latest events from Rackspace
- Q2 2026 revenue grew 0.6–1% to $670M; net loss widened; FY 2026 revenue guided at $2.45–$2.55B.RXT
Q2 2026 - Strategic pivot to enterprise AI with capital raise and revised FY26 outlook for higher-margin growth.RXTGuidance
- All four shareholder proposals, including director elections and equity plan changes, were approved.RXTAGM 2026
- Governed enterprise AI infrastructure for regulated industries launches with 30 MW AMD capacity.RXTCorporate presentation
- Phased 30 MW AMD AI compute deployment targets governed enterprise AI in regulated sectors.RXTInvestor update
- Q1 2026 revenue up 2%, net income $8M, and new AI partnership with AMD announced.RXTQ1 2026
- Virtual annual meeting to vote on directors, auditor, pay, and equity plan amendment.RXTProxy filing
- Q3 2025 saw $671M revenue, improved net loss, and stable non-GAAP profit amid market shifts.RXTQ3 2025
- Q2 2024 revenue fell 8% year-over-year, but net income turned positive on debt gains.RXTQ2 2024
Next Rackspace earnings date
Q4 202625 Feb, 2027
Rackspace
Next Rackspace earnings date
Q4 202625 Feb, 2027
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Rackspace Technology Inc provides multi-cloud technology services, including cloud migration, application management, and IT security solutions. It serves businesses across industries globally with cloud optimization services. The company is headquartered in San Antonio, Texas, and its shares are listed on the NASDAQ.