Rackspace (RXT) Q2 FY26 earnings call

Rackspace is strategically pivoting to become a leading provider of enterprise AI infrastructure, leveraging new partnerships with AMD and Palantir to build out managed compute and inference platforms. While navigating a decline in public cloud revenue due to strategic exits, the company delivered strong private cloud performance and reiterated its full-year positive free cash flow guidance, focusing on high-yielding services and a disciplined capital approach.