Rackspace Technology Reports Third-Quarter Loss of $53.5M

Rackspace Technology reported third-quarter 2026 revenue of $609 million, down 9.3% year over year, while its operating loss narrowed to $13 million. Net loss was $54 million, and Non-GAAP Operating Profit increased to $36 million. The company raised its full-year revenue outlook midpoint by $35 mi…