Rackspace Technology, Inc. (RXT) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the Rackspace first quarter 2026 earnings webcast. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you'll need to press star 1-1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1-1 again. Please be advised that today's conference is being recorded. I'd now like to hand the conference over to Sagar Hebar, head of investor relations. Please go ahead. Thank you, and welcome to Rackspace Technologies' first quarter 2026 earnings conference call. I'm Sagar Hebar, head of investor relations. Joining me today are Gajan Pandaya, our chief executive officer, and Mark Marino, our chief financial officer. As a reminder, certain comments we make on this call will be forward-looking. These statements involve risks and uncertainties which could cause actual results to differ. A discussion of these risks and uncertainties is included in our SEC filings. Backspace technology assumes no obligation to update the information presented on the call except as required by law. In particular, our discussion today will include forward-looking statements regarding our recently announced Memorandum of Understanding with AMD, including statements regarding the anticipated scope, benefits commercial potential of the collaboration, deployment timelines or financial projections, the expected execution of definitive agreements, and the anticipated impact of the partnership on our business, financial results, and capital structure. The MOU represents a non-binding framework only and does not constitute a binding commitment by either party t...