RXT

In February 2026, the stock reached an all-time low of $0.39. May 2026 saw a 2% year-over-year revenue increase in Q1 2026, with Public Cloud up 7% and Private Cloud down 6%, alongside an announced MoU with AMD for Enterprise AI Infrastructure. In June 2026, Rackspace's board approved a workforce realignment, cutting approximately 15% of its global staff to reallocate resources towards enterprise AI services. July 2026 brought a significant reduction in fiscal year 2026 revenue guidance by $150 million and adjusted EBITDA by $20 million, attributed to strategic shifts, which led to a 33.6% stock price drop. August 2026 marked the introduction of Rackspace Cloud in Dallas. In September 2026, the company joined the NVIDIA Cloud Partner Program. An ongoing securities-fraud class action lawsuit alleges the company misled investors about its AI efforts and financial performance between May and July 2026. Over the last 12 months, the stock price increased by 129.08%, with a year-to-date return of 232.68%, but decreased by 34.08% in the past month as of September 8, 2026.