Rackspace reports preliminary Q2 EPS (11c)-(8c), consensus (5c)
Reports preliminary Q2 revenue $641M-$649M, consensus $657.1M. Reports preliminary Q2 adjusted EBITDA $58M-$62M. The company said, "As we look beyond 2026, our current plan is to ramp the Enterprise AI business up to cumulative capacity of 15 MW by the end of 2027 and a total of 30 MW of capacity by the end of 2028. We expect to average $15-20 million of annual revenue per MW deployed as GPU and customer mix evolves. This translates to $450-$600 million of annual revenue at the full 30 MW of AMD deployments and we expect Adjusted EBITDA margins for Enterprise AI to be in the 50%+ range."
Reports preliminary Q2 revenue $641M-$649M, consensus $657.1M.
Reports preliminary Q2 adjusted EBITDA $58M-$62M.
The company said, "As we look beyond 2026, our current plan is to ramp the Enterprise AI business up to cumulative capacity of 15 MW by the end of 2027 and a total of 30 MW of capacity by the end of 2028.
We expect to average $15-20 million of annual revenue per MW deployed as GPU and customer mix evolves.
This translates to $450-$600 million of annual revenue at the full 30 MW of AMD deployments and we expect Adjusted EBITDA margins for Enterprise AI to be in the 50%+ range."