Rackspace Technology (RXT) Q3 2026 earnings — TrendMatrix coverage

Adjusted EPS

-$0.06

Estimate

-$0.08

Surprise

+24.7%

Revenue (period 2026-09-30)

$609.1M

Score today

5.0/10

Revenue source: xbrl.

Rackspace Technology (RXT) reported a narrower loss than forecast — adjusted EPS of -$0.06 against the -$0.08 estimate (a 24.7% beat on a still-unprofitable quarter).

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• Rackspace Technology Announces Multi-Year Infrastructure Partnership with Blacksmith — fiscal.ai, 2026-11-10

TrendMatrix currently rates RXT Sell at 5.0/10; no pre/post engine snapshot brackets this report.

2 of the last 4 quarters beat the estimate; this quarter's +24.7% surprise compares with a +3.7% four-quarter average.

This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.

Current price

$2.60

Price target

$4.05

Stop

$2.42

Upside to target

+55.5%

Reward-to-risk

3.7:1

Model outputs from TrendMatrix’s engine as of 2026-11-10 — shown for context, not personalized investment advice.

Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.

Industry

Software - Infrastructure

Market cap

$693.3M

P/E (fwd)

55.7

52-week range

$0.39–$8.60

Off 52-week high

69.7%

RSI (14)

44

Volume vs avg

1.34×

Score today

5.0/10