Rackspace Technology, Inc. - Common Stock (RXT)

SAN ANTONIO / DENVER — In a week that has redefined the trajectory of legacy tech infrastructure, Rackspace Technology (NASDAQ:RXT) saw its shares surge by a staggering 50% in morning trading on February 20, 2026, extending a historic multi-day rally. The catalyst for this vertical ascent is a sweeping strategic partnership

The company announced it would help businesses rapidly deploy Palantir’s Foundry and Artificial Intelligence Platform.

The company announced it would help businesses rapidly deploy Palantir’s Foundry and Artificial Intelligence Platform.

Rackspace (RXT) Q3 2025 Earnings Call Transcript

Rackspace Technology's Q3 2025 earnings show a slight revenue miss but align with profit expectations. The company reduced its net loss and saw growth in its Public Cloud segment.