Rackspace Lowers FY26 Guidance but Shares Rise Amid AI Strategy Expansion

Despite lowering its fiscal year 2026 revenue and adjusted EBITDA guidance due to supply constraints and strategic shifts, Rackspace Technology (NASDAQ:RXT) shares rose as the company announced plans to expand into enterprise artificial intelligence. The firm is exiting lower-margin operations and forming a partnership with Palantir.

By Fiona Craig Thu, July 9, 2026 at 5:05 PM GMT+3 2 min read · Yahoo Finance · July 9, 2026, 14:05 UTC

Tickers: $PLTR

Topics: AI strategy expansion EBITDA forecast public cloud business revenue guidance

Read the full article at Yahoo Finance

More World news

Nvidia Faces Leadership Transition as Jensen Huang Resigns Amid Investigation Seeking Alpha · November 12, 2026, 18:30 UTC
SOLV Energy Reports Record Q3 2026 Results and Raises Full-Year Guidance Motley Fool · November 12, 2026, 19:09 UTC
Clear Secure Reports Strong Q3 Earnings and Raises Full Year Guidance Amid Expansion into Identity Verification CNBC · November 12, 2026, 19:09 UTC
Nectar Launches AI Agent to Automate Influencer Discovery and Outreach TechCrunch · November 12, 2026, 19:11 UTC
Cohen & Company Appoints Daniel Cohen as CEO with $500 Million Revenue Target Seeking Alpha · November 12, 2026, 19:10 UTC
X-Energy Receives Early NRC Construction Permit and Anticipates Dow Investment Decision by 2027 Seeking Alpha · November 12, 2026, 19:10 UTC
Alvotech Shares Decline Following Third Quarter Earnings Miss Seeking Alpha · November 12, 2026, 19:05 UTC
Saga Communications Projects $5.7 Million in 2026 Political Revenue Amid Q4 Growth Seeking Alpha · November 12, 2026, 19:00 UTC
Corteva Forecasts 2026 Operating EBITDA Between $1.1B and $1.125B Amid Brazilian Market Pressures Seeking Alpha · November 12, 2026, 19:00 UTC
DPC Holdings PLC Reports Record Q3 Revenue Growth and Issues 2027 Financial Guidance Seeking Alpha · November 12, 2026, 19:01 UTC