STOCK TITAN
  1. Home
  2. Sec-filings
  3. UIS
  4. [8-K] UNISYS CORP Reports Material Event

Unisys (NYSE: UIS) Q2 loss, new deals jump and 2026 guidance held

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Unisys Corporation reported second-quarter 2026 revenue of $473.5 million, down 2.0% year over year and 5.2% in constant currency. Technology Solutions & Services revenue was $403.8 million, up 2.0%, while ClearPath revenue declined to $69.7 million, down 20.4%. Gross margin fell to 24.8% from 26.9%, although TS&S gross margin improved to 19.3%.

The company posted an operating loss of $32.9 million versus a prior-year operating profit of $30.3 million, including non-cash impairment charges related to the DWS reporting unit totaling $48.7 million. Net loss attributable to Unisys widened to $95.3 million, while non-GAAP operating profit was $25.3 million (5.3% margin) and adjusted EBITDA was $53.5 million (11.3% margin). New Business TCV reached $192 million, up 57% year over year, with total company TCV of $422 million and backlog of $2.82 billion. Cash and cash equivalents were $324.3 million as of June 30, 2026. The company reaffirmed its 2026 outlook for constant-currency revenue decline of (5.0)% to (3.5)%, implying reported decline of (2.6)% to (1.1)%, and maintained non-GAAP operating margin guidance of 9.0%–11.0%, assuming approximately $425 million of ClearPath revenue and TS&S constant-currency revenue decline of (6.0)% to (4.0)%.

Positive

  • New Business TCV surged 57% year over year to $192 million, signaling strong new contract signings that can support future revenue.
  • 2026 guidance reaffirmed, with constant-currency revenue decline of (5.0)% to (3.5)% and non-GAAP operating margin of 9.0%–11.0%, providing visibility into expected performance.

Negative

  • Net loss widened sharply to $95.3 million from $20.1 million a year earlier, driven in part by $48.7 million of non-cash goodwill and intangible asset impairment.
  • ClearPath revenue dropped 20.4% year over year to $69.7 million, pressuring overall revenue and gross margin, with ClearPath gross margin also declining.
  • Operating performance weakened, shifting to an operating loss of $32.9 million from a prior-year profit of $30.3 million, and non-GAAP operating margin fell to 5.3% from 7.6%.

Filing Explained

The July 29 8-K completes 2Q26 reporting: presentation names changed, while DWS’s remaining goodwill was fully written off without a cash payment.

As a Form 8-K, this filing reports a specified material event: on July 29, 2026, Unisys furnished its completed results for the quarter ended June 30, 2026.

The company renamed License and Support as ClearPath and Excluding License and Support as Technology Solutions & Services, but said the change does not alter reportable segments, revenue or expense measurement, or the consolidated financial statements.

The DWS reporting unit recorded a non-cash $47.2 million goodwill impairment, representing a full write-off of the remaining goodwill allocated to that reporting unit; this removes that goodwill balance without being a cash payment.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Q2 2026 Revenue $473.5 million Quarter ended June 30, 2026; down 2.0% year over year
Q2 2026 Net Loss $95.3 million Net loss attributable to Unisys Corporation for Q2 2026
Goodwill and Intangible Impairment $48.7 million Goodwill and intangible asset impairment expense in Q2 2026
Adjusted EBITDA Q2 2026 $53.5 million Adjusted EBITDA with 11.3% margin on Q2 2026 revenue
New Business TCV Q2 2026 $192 million New Business Total Contract Value, up 57% year over year
Cash and Cash Equivalents $324.3 million Balance as of June 30, 2026 on consolidated balance sheet
2026 Constant-Currency Revenue Guidance (5.0)% to (3.5)% Full-year 2026 constant-currency revenue growth (decline) guidance range
2026 Non-GAAP Operating Margin Guidance 9.0% to 11.0% Full-year 2026 non-GAAP operating profit margin guidance
Total Contract Value (TCV) financial
"New Business(5) Total Contract Value (TCV)(3) of $192 million, an increase of 57% YoY"
Total contract value (TCV) is the full amount of money a customer is expected to pay over the life of a contract, combining one-time charges and all recurring fees or services promised. For investors, TCV shows the size and potential near-term revenue impact of deals—like seeing the sticker price of a multi-year service—while reminding them that actual cash received depends on billing schedules, renewals and customer cancellations.
Adjusted EBITDA financial
"Adjusted EBITDA (7) | | $53.5 | | | $61.4 | | | $99.7 | | | $101.6"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
Non-GAAP operating profit financial
"Non-GAAP operating profit (6) | | $25.3 | | | $36.8"
Non-GAAP operating profit is a company’s operating earnings after removing or adjusting items that management considers unusual, one-time, or not part of regular operations (for example, restructuring costs or stock-based pay). Investors use it like a cleaned-up scorecard to see the company’s core business performance without temporary noise, but because the adjustments aren’t standardized, it’s best compared across peers with caution.
Backlog financial
"Backlog(2) was $2.82 billion for the second quarter of 2026"
A backlog is the amount of work or orders that a company has received but hasn't completed yet. It’s like a restaurant with many dishes to serve; the backlog shows how many orders are still waiting to be finished. It matters because a large backlog can indicate strong demand or potential delays in delivering products or services.
Free cash flow financial
"Free cash flow (9) | | ($49.0) | | | ($336.5) | | | ($74.5) | | | ($323.3)"
Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.
Goodwill and intangible asset impairment financial
"Goodwill and intangible asset impairment | | 48.7 | | | —"
Goodwill and intangible asset impairment is an accounting write-down that happens when a company determines the extra value it paid for things like brand names, customer lists or patents is no longer justified by expected future benefits. For investors, an impairment reduces reported assets and profit for the period and can be a red flag that past acquisitions didn’t pay off or that future cash flows will be weaker — like realizing you overpaid for a house when the neighborhood declines.
Revenue $473.5 million -2.0% year over year; -5.2% in constant currency
Net loss attributable to Unisys Corporation $95.3 million Compared with net loss of $20.1 million in Q2 2025
Operating (loss) profit ($32.9) million Versus operating profit of $30.3 million in Q2 2025
Non-GAAP operating profit $25.3 million Down from $36.8 million in Q2 2025
Adjusted EBITDA $53.5 million Down from $61.4 million in Q2 2025; margin 11.3% vs 12.7%
New Business TCV $192 million Increase of 57% year over year
Guidance

For 2026, Unisys guides constant-currency revenue decline of (5.0)% to (3.5)%, translating to reported decline of (2.6)% to (1.1)%, and non-GAAP operating profit margin of 9.0% to 11.0%, assuming approximately $425 million of ClearPath revenue and TS&S constant-currency revenue decline of (6.0)% to (4.0)%.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Understanding 8-K Material Events →

FAQ

How did Unisys (UIS) perform financially in Q2 2026?
Unisys reported Q2 2026 revenue of $473.5 million, down 2.0% year over year, and an operating loss of $32.9 million. Net loss attributable to Unisys was $95.3 million, while adjusted EBITDA was $53.5 million (11.3% margin).

How strong were Unisys (UIS) new contract signings in Q2 2026?
New Business Total Contract Value (TCV) reached $192 million, a 57% year-over-year increase. Total company TCV was $422 million, slightly below $437 million a year earlier, and backlog stood at $2.82 billion.

What is Unisys (UIS) 2026 financial guidance after Q2 2026?
Unisys reaffirmed 2026 guidance for constant-currency revenue decline of (5.0)% to (3.5)%, translating to reported decline of (2.6)% to (1.1)%. It maintained non-GAAP operating margin guidance of 9.0%–11.0%, assuming about $425 million of ClearPath revenue.

What is Unisys (UIS) cash and debt position as of June 30, 2026?
Unisys reported cash and cash equivalents of $324.3 million at June 30, 2026, down from $413.9 million at year-end 2025. Long-term debt was $721.9 million, with current maturities of long-term debt of $11.6 million.

How did Unisys (UIS) Q2 2026 cash flow compare to last year?
For the first half of 2026, Unisys used $30.7 million in operating cash, compared with $282.9 million in 2025, and generated adjusted free cash flow of $4.5 million versus negative $21.1 million a year earlier.
0000746838FALSE00007468382026-07-292026-07-29

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): July 29, 2026
UNISYS CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
1-8729
38-0387840
(State or other jurisdiction of
incorporation)
 (Commission File Number)
(I.R.S. Employer
Identification No.)

801 Lakeview Drive, Suite 100
Blue Bell, Pennsylvania 19422
(Address of principal executive offices) (Zip Code)
(215) 986-4011
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading
Symbol(s)		Name of each exchange on which registered
Common Stock, par value $.01UISNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 2.02. Results of Operations and Financial Condition.
On July 29, 2026, Unisys Corporation issued a news release to report its financial results for the quarter ended June 30, 2026. The news release is furnished as Exhibit 99.1 to this Current Report.
The information in Item 2.02 of this Current Report, including Exhibit 99.1 attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits
(d)
The following exhibit is being furnished herewith:
Exhibit No.
Description
99.1
News Release, dated July 29, 2026, of Unisys Corporation
104Cover page Interactive Data File (embedded within the Inline Extensible Business Reporting Language document)


 SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Unisys Corporation
Date: July 29, 2026
By:
/s/ Debra McCann
Debra McCann
Executive Vice President and Chief Financial Officer



News Release                      imagea.jpg

Unisys Announces 2Q26 Results
Unisys Reports Strong New Business Signings and Reaffirms 2026 Full-Year Guidance
•Revenue of $473.5 million, down 2.0% year over year (YoY), down 5.2% in constant currency(1)
•Technology Solutions & Services(13) (TS&S) revenue of $403.8 million, up 2.0% YoY, down 1.3% in constant currency
•Gross profit margin of 24.8%, down 210 bps YoY; TS&S gross profit margin of 19.3%, up 170 bps YoY
•New Business(5) Total Contract Value (TCV)(3) of $192 million, an increase of 57% YoY
•Unisys reaffirms previously raised 2026 full-year constant currency revenue growth guidance and maintains non-GAAP operating profit(6) margin guidance; guidance assumes ClearPath revenue of approximately $425 million

BLUE BELL, Pa., July 29, 2026 – Unisys Corporation (NYSE: UIS) reported financial results for the second quarter of 2026 (2Q26).
"The year is progressing well, with our strong second quarter performance building on the good start we had in the first quarter," said Michael Thomson, Unisys CEO and President. "New business signings are again a bright spot, and client engagement continues to improve. Our AI-First approach is an important enabler across the business, strengthening our foundation for future growth, sustained market competitiveness, and operational efficiency."
Unisys Chief Financial Officer Deb McCann said, "We are pleased with the strong second quarter and are reaffirming our guidance ranges, including our recently improved revenue growth outlook for both TS&S and ClearPath. Our liquidity remains strong and estimated global deficit is improving, advancing us toward our goal of fully removing our U.S. pensions."
1

Financial Highlights
Please refer to the accompanying financial tables for a reconciliation of the GAAP to non-GAAP measures presented, except for financial guidance since such a reconciliation is not practicable without unreasonable effort.
(In millions, except numbers presented as percentages)
2Q262Q25YTD26YTD25
Revenue$473.5 $483.3 $911.1 $915.4 
YoY revenue change
(2.0)%(0.5)%
YoY revenue change in constant currency
(5.2)%(4.8)%
TS&S revenue$403.8 $395.7 $775.9 $756.7 
YoY revenue change
2.0 %2.5 %
YoY revenue change in constant currency
(1.3)%(2.1)%
ClearPath(12) revenue
$69.7 $87.6 $135.2 $158.7 
YoY revenue change
(20.4)%(14.8)%
YoY revenue change in constant currency
(22.9)%(18.1)%
Gross profit$117.3 $130.0 $229.8 $237.5 
Gross profit percent24.8 %26.9 %25.2 %25.9 %
TS&S gross profit$77.8 $69.7 $150.5 $133.9 
TS&S gross profit percent19.3 %17.6 %19.4 %17.7 %
Operating (loss) profit($32.9)$30.3 ($16.7)$35.4 
Operating (loss) profit percent(6.9)%6.3 %(1.8)%3.9 %
Non-GAAP operating profit(6)
$25.3 $36.8 $45.1 $48.7 
Non-GAAP operating profit percent5.3 %7.6 %5.0 %5.3 %
Net loss attributable to Unisys Corporation($95.3)($20.1)($131.1)($49.6)
Non-GAAP net (loss) income attributable to Unisys Corporation(8)
($5.7)$14.3 ($15.6)$10.8 
EBITDA(7)
($39.8)$28.6 ($26.0)$33.6 
Adjusted EBITDA(7)
$53.5 $61.4 $99.7 $101.6 
Adjusted EBITDA as a percentage of revenue11.3 %12.7 %10.9 %11.1 %
Second Quarter 2026 Results
Effective in the second quarter of 2026, the company updated the naming conventions used to describe certain solution groupings to better reflect the nature of its offerings. The company renamed License and Support to ClearPath® and Excluding License and Support to Technology Solutions & Services (TS&S). These changes did not impact the company’s reportable segments, the recognition or measurement of revenue and expenses or the consolidated financial statements. As such, previously reported financial information has not been adjusted.
Revenue decreased 2.0% YoY, down 5.2% in constant currency. Gross profit margin down 210 bps YoY. The decreases in revenue and gross profit margin were primarily driven by the timing of ClearPath license renewals.
2

TS&S revenue increased 2.0% YoY, or down 1.3% in constant currency. TS&S gross profit margin increased 170 bps YoY, primarily driven by delivery improvement and labor cost savings initiatives, partially offset by lower-margins generated by Digital Workplace Solutions (DWS) during the current period.
During the second quarter of 2026, gross profit margin and TS&S gross profit margin benefited by approximately 50 and 60 basis points, respectively, from a first quarter transaction within the company’s United Kingdom business process outsourcing consolidated joint venture. This transaction is expected to generate gross profit benefit of approximately $3 million quarterly and $12 million for the full 2026 year.
Operating loss for the second quarter of 2026 included a non-cash goodwill impairment charge of $47.2 million related to the DWS reporting unit. The impairment represented the full write-off of the remaining goodwill balance allocated to the DWS reporting unit.
Financial Highlights by Segment
(In millions, except numbers presented as percentages)
2Q262Q25YTD26YTD25
Digital Workplace Solutions (DWS):
Revenue$141.9 $138.1 $260.1 $256.7 
YoY revenue change
2.8 %1.3 %
YoY revenue change in constant currency
(1.1)%(3.6)%
Gross profit$15.3 $23.4 $31.2 $40.3 
Gross profit percent10.8 %16.9 %12.0 %15.7 %
Cloud, Applications & Infrastructure Solutions (CA&I):
Revenue$184.4 $185.2 $366.4 $361.8 
YoY revenue change
(0.4)%1.3 %
YoY revenue change in constant currency
(3.2)%(2.8)%
Gross profit$46.1 $38.6 $85.7 $73.0 
Gross profit percent25.0 %20.8 %23.4 %20.2 %
Enterprise Computing Solutions (ECS):
Revenue$126.0 $140.2 $241.2 $258.9 
YoY revenue change
(10.1)%(6.8)%
YoY revenue change in constant currency
(13.2)%(11.0)%
Gross profit$56.4 $75.0 $110.4 $131.6 
Gross profit percent44.8 %53.5 %45.8 %50.8 %
Second Quarter 2026 Segment Results
DWS revenue increased 2.8% YoY, or down 1.1% in constant currency. DWS gross profit margin was 10.8%, a decrease of 610 bps YoY, primarily due to known client attrition, a greater proportion of lower-margin hardware revenue, and increased delivery costs incurred during the transition phase of new business implementation.
CA&I revenue declined 0.4% YoY, down 3.2% in constant currency. CA&I gross profit margin was 25.0%, an increase of 420 bps YoY, primarily driven by delivery improvement and labor cost savings initiatives.
ECS revenue declined 10.1% YoY, down 13.2% in constant currency. ECS gross profit margin was 44.8%, a decrease of 870 bps YoY. The decreases in revenue and gross profit margin were primarily driven by the timing of ClearPath license renewals.
3

Balance Sheet and Cash Flows
(In millions)June 30, 2026December 31, 2025
Cash and cash equivalents$324.3 $413.9 
(In millions)2Q262Q25YTD26YTD25
Cash used for operations($26.3)($316.2)($30.7)($282.9)
Free cash flow(9)
($49.0)($336.5)($74.5)($323.3)
Pre-pension and postretirement free cash flow(10)
($19.3)($58.3)($16.4)($35.7)
Adjusted free cash flow(11)
($9.4)($49.4)$4.5 ($21.1)
In the second quarter of 2025, the company made a discretionary contribution of $250 million to its U.S. defined benefit pension plans.
Other Metrics
(In millions, except numbers presented as percentages)
2Q262Q25YoY ChangeQoQ Change*
Total Contract Value (TCV)
New Business$192 $122 57 %22 %
TS&S Renewals196 266 (26)%165 %
ClearPath Renewals34 49 (31)%(19)%
Total company$422 $437 (3)%54 %
YTD26YTD25
TCV
New Business$350 $231 52 %
TS&S Renewals270 342 (21)%
ClearPath Renewals76 70 9 %
Total company$696 $643 8 %
*QoQ - quarter over quarter
Backlog(2) was $2.82 billion for the second quarter of 2026 compared to $2.92 billion for the second quarter of 2025.
2026 Financial Guidance
The company reaffirms previously raised full-year 2026 revenue growth guidance and maintains profitability guidance:
Guidance
Revenue growth in constant currency*
(5.0)% to (3.5)%
Non-GAAP operating profit margin
9.0% to 11.0%
*Revenue growth in constant currency guidance was raised during the company's Investor Day, as disclosed in the company's presentation, dated June 2, 2026, and furnished with the Securities Exchange Commission on Form 8-K.
Constant currency revenue guidance translates to reported revenue growth of (2.6)% to (1.1)%, based on exchange rates as of the end of 2Q26. The guidance assumes ClearPath revenue of approximately $425 million and TS&S constant currency revenue growth of (6.0)% to (4.0)%.
4

Conference Call
Unisys will hold a conference call with the financial community on Thursday, July 30, at 8 a.m. Eastern Time to discuss the results of the second quarter of 2026.
The live, listen-only webcast, as well as the accompanying presentation materials, can be accessed on the Unisys Investor Website at www.unisys.com/investor. In addition, domestic callers can dial 1-844-695-5518 and international callers can dial 1-412-902-6749 and provide the following conference passcode: Unisys Corporation Call.
A webcast replay will be available on the Unisys Investor Website shortly following the conference call. A replay will also be available by dialing 1-855-669-9658 for domestic callers or 1-412-317-0088 for international callers and entering access code 3496075 from two hours after the end of the call until August 13, 2026.

(1) Constant currency – A significant amount of the company’s revenue is derived from international operations. As a result, the company’s revenue has been and will continue to be affected by changes in the U.S. dollar against major international currencies. The company refers to revenue growth rates in constant currency or on a constant currency basis so that the business results can be viewed without the impact of fluctuations in foreign currency exchange rates to facilitate comparisons of the company’s business performance from one period to another. Constant currency is calculated by retranslating current and prior-period revenue at a consistent exchange rate rather than the actual exchange rates in effect during the respective periods.

(2) Backlog – Represents the estimated amount of future revenue to be recognized under contracted work, which has not yet been delivered or performed. The company believes that actual revenue reflects the most relevant measure necessary to understand the company’s results of operations, but backlog can be a useful metric and indicator of the company’s estimate of contracted revenue to be realized in the future, subject to certain inherent limitations. The timing of conversion of backlog to revenue may be impacted by, among other factors, the timing of execution, the extension, nullification or early termination of existing contracts with or without penalty, adjustments to estimates in pricing or volumes for previously included contracts, seasonality and foreign currency exchange rates. Investors are cautioned that backlog should not be relied upon as a substitute for, or considered in isolation from, measures in accordance with GAAP.

(3) Total Contract Value (TCV) – Represents the initial estimated revenue related to contracts signed in the period without regard for early termination or revenue recognition rules. Changes to contracts and scope are treated as TCV only to the extent of the incremental new value. New Business TCV represents TCV attributable to expansion and new scope for existing clients and new logo contracts. ClearPath TCV is driven by software license renewals, and as such, changes in timing or terms of renewals can lead to fluctuations from period to period. The company believes that actual revenue reflects the most relevant measure necessary to understand the company’s results of operations, but TCV can be a useful leading indicator of the company’s ability to generate future revenue over time, subject to certain inherent limitations. Measuring TCV involves the use of estimates and judgments and the extent and timing of conversion of TCV to revenue may be impacted by, among other factors, the types of services and solutions sold, contract duration, the pace of client spending, actual volumes of services delivered as compared to the volumes anticipated at the time of contract signing, and contract modifications, including, without limitation, contract nullification and termination, over the lifetime of a contract. Investors are cautioned that TCV should not be relied upon as a substitute for, or considered in isolation from, measures in accordance with GAAP.

(4) Book-to-bill – Represents total contract value booked divided by revenue in a given period.

5

(5) New Business – Represents expansion and new scope for existing clients and new logo contracts.

(6) Non-GAAP operating profit – This measure excludes pretax pension and postretirement expense, pretax goodwill and intangible asset impairment charge and pretax charges or gains associated with certain legal matters related to settlements, professional services and legal fees, including legal defense costs, associated with certain legal proceedings, and cost-reduction activities and other expenses.

(7) EBITDA & adjusted EBITDA – Earnings before interest, taxes, depreciation and amortization (EBITDA) is calculated by starting with net income (loss) attributable to Unisys Corporation common shareholders and adding or subtracting the following items: net income (loss) attributable to noncontrolling interests, interest expense (net of interest income), provision for (benefit from) income taxes, depreciation and amortization. Adjusted EBITDA further excludes pension and postretirement expense; goodwill and intangible asset impairment charge, foreign exchange (gains) losses, debt extinguishment, certain legal matters related to settlements, professional services and legal fees, including legal defense costs, associated with certain legal proceedings; environmental matters related to previously disposed businesses; cost-reduction activities and other expenses; non-cash share-based expense; and other (income) expense adjustments.

(8) Non-GAAP net income (loss) and non-GAAP diluted earnings (loss) per share – These measures exclude pension and postretirement expense and charges or (credits) in connection with goodwill and intangible asset impairment; foreign exchange (gains) losses, debt extinguishment, certain legal matters related to settlements, professional services and legal fees, including legal defense costs, associated with certain legal proceedings; environmental matters related to previously disposed businesses; and cost-reduction activities and other expenses. The tax amounts related to these items for the calculation of non-GAAP diluted earnings (loss) per share include the current and deferred tax expense and benefits recognized under GAAP for these items.

(9) Free cash flow – Represents cash flow from operations less capital expenditures.

(10) Pre-pension and postretirement free cash flow – Represents free cash flow before pension and postretirement contributions.

(11) Adjusted free cash flow – Represents free cash flow less cash used for pension and postretirement funding; debt extinguishment, certain legal matters related to settlements, professional services and legal fees, including legal defense costs, associated with certain legal proceedings; environmental matters related to previously disposed businesses; and cost-reduction activities and other payments.

(12) ClearPath® – Represents software license and related support services, primarily ClearPath ForwardTM, within the company's ECS segment.

(13) Technology Solutions & Services (TS&S) – These measures include the revenue, gross profit and gross profit margin of the company's DWS segment, CA&I segment and ECS segment, excluding ClearPath software license and support services. The company provides these measures to allow investors to isolate the impact of software license renewals, which tend to be significant and impactful based on timing, and related support services in order to evaluate the company’s business outside of these areas.
6

Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Unisys cautions readers that the assumptions forming the basis for forward-looking statements include many factors that are beyond Unisys’ ability to control or estimate precisely, such as estimates of future market conditions, fluctuations in foreign currency exchange rates, the behavior of other market participants and that TCV is based, in part, on the assumption that each of those contracts will continue for their full contracted term. Words such as “anticipates,” “estimates,” “expects,” “projects,” “may,” “will,” “intends,” “plans,” “believes,” “should” and similar expressions may identify forward-looking statements and such forward-looking statements are made based upon management’s current expectations, assumptions and beliefs as of this date concerning future developments and their potential effect upon Unisys. There can be no assurance that future developments will be in accordance with management’s expectations, assumptions and beliefs or that the effect of future developments on Unisys will be those anticipated by management. Because actual results may differ materially from those expressed or implied by these forward-looking statements, we caution readers not to place undue reliance on these statements. Forward-looking statements in this release and the accompanying presentation include, but are not limited to, statements made in Mr. Thomson's and Ms. McCann's quotations, any projections or expectations of revenue growth, margin expansion, achievement of operational efficiencies and savings, effective use of technology, investments in our solutions and artificial intelligence adoption and innovation, TCV and New Business TCV, the impact of new logo signings, backlog, book-to-bill(4), full-year 2026 revenue growth and profitability guidance, including reported and constant currency revenue, growth and the foreign currency exchange rate assumptions underlying the translation of constant currency guidance to reported guidance, TS&S constant currency revenue growth, ClearPath revenue, non-GAAP operating profit margin, free cash flow generation and the assumptions and other expectations made in connection with our full-year 2026 financial guidance, the reduction of uncertainty and volatility of cash requirements, including pension contributions, our pension liability, debt extinguishment, future economic benefits from net operating losses and statements regarding future economic conditions or performance.
Additional information and factors that could cause actual results to differ materially from Unisys’ expectations are contained in Unisys’ filings with the U.S. Securities and Exchange Commission (SEC), including Unisys’ Annual Reports on Form 10-K and subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other SEC filings, which are available at the SEC’s web site, http://www.sec.gov. Information included in this release is representative as of the date of this release only, and any forward-looking statement speaks only as of the date on which that statement is made. While Unisys periodically reassesses material trends and uncertainties affecting Unisys’ results of operations and financial condition in connection with its preparation of management's discussion and analysis of results of operations and financial condition contained in its Quarterly and Annual Reports filed with the SEC, Unisys does not, by including this statement, assume any obligation to review, revise or update any forward-looking statement in light of future events or circumstances, except as required by applicable law.

7

Non-GAAP Information
This release includes certain non-GAAP financial measures that exclude certain items such as pension and postretirement expense; goodwill and intangible asset impairment charge, foreign exchange (gains) losses, debt extinguishment, certain legal and other matters related to professional services and legal fees, including legal defense costs, associated with certain legal proceedings; environmental matters related to previously disposed businesses; and cost-reduction activities and other expenses that the company believes are not indicative of its ongoing operations, as they may be unusual or non-recurring. The inclusion of such items in financial measures can make the company’s profitability and liquidity results difficult to compare to prior periods or anticipated future periods and can distort the visibility of trends associated with the company’s ongoing performance. Management also believes that non-GAAP measures are useful to investors because they provide supplemental information about the company’s financial performance and liquidity, as well as greater transparency into management’s view and assessment of the company’s ongoing operating performance.
Non-GAAP financial measures are often provided and utilized by the company’s management, analysts, and investors to enhance comparability of year-over-year results. These items are uncertain, depend on various factors, and could have a material impact on the company's GAAP results for the applicable period. These measures should not be relied upon as substitutes for, or considered in isolation from, measures calculated in accordance with U.S. GAAP. A reconciliation of these non-GAAP financial measures to the most directly comparable financial measures calculated and reported in accordance with GAAP can be found below except for financial guidance and other forward-looking information since such a reconciliation is not practicable without unreasonable efforts as the company is unable to reasonably forecast certain amounts that are necessary for such reconciliation. This information has been provided pursuant to the requirements of SEC Regulation G.

8

About Unisys
Unisys is a global technology solutions company that powers breakthroughs for the world's leading organizations. Our solutions – cloud, AI, digital workplace, applications and enterprise computing – help our clients challenge the status quo and unlock their full potential. To learn how we have been helping clients push what's possible for more than 150 years, visit unisys.com and follow us on LinkedIn.
Contacts:For Investors:
Michaela Pewarski, Unisys, +1 215-274-1254
Investor@unisys.com
For Press:
Patricia Gonzalez, Unisys, +1 817-846-7662
Patricia.Gonzalez@unisys.com
###
RELEASE NO.: 0729/10062
Unisys and other Unisys products and services mentioned herein, as well as their respective logos, are trademarks or registered trademarks of Unisys Corporation. Any other brand or product referenced herein is acknowledged to be a trademark or registered trademark of its respective holder.
UIS-Q
9


UNISYS CORPORATION
CONSOLIDATED STATEMENTS OF INCOME (LOSS)
(Unaudited)
(Millions, except per share data)
 
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Revenue$473.5 $483.3 911.1 915.4 
Costs and expenses
Cost of revenue356.2 353.3 681.3 677.9 
Selling, general and administrative95.7 93.6 187.2 190.4 
Research and development5.8 6.1 10.6 11.7 
Goodwill and intangible asset impairment48.7 — 48.7 — 
506.4 453.0 927.8 880.0 
Operating (loss) income(32.9)30.3 (16.7)35.4 
Interest expense18.3 8.2 36.8 16.4 
Other (expense), net(28.6)(22.1)(49.4)(39.0)
Loss before income taxes(79.8)— (102.9)(20.0)
Provision for income taxes15.8 20.0 29.5 30.6 
Consolidated net loss(95.6)(20.0)(132.4)(50.6)
Net (loss) income attributable to noncontrolling interests(0.3)0.1 (1.3)(1.0)
Net loss attributable to Unisys Corporation$(95.3)$(20.1)$(131.1)$(49.6)
Loss per share attributable to Unisys Corporation
Basic$(1.31)$(0.28)$(1.81)$(0.70)
Diluted$(1.31)$(0.28)$(1.81)$(0.70)


10


UNISYS CORPORATION
SEGMENT RESULTS
(Unaudited)
(Millions)

TotalDWSCA&IECSOther
Three Months Ended June 30, 2026
Revenue$473.5 $141.9 $184.4 $126.0 $21.2 
Gross profit percent24.8 %10.8 %25.0 %44.8 %
Three Months Ended June 30, 2025
Revenue$483.3 $138.1 $185.2 $140.2 $19.8 
Gross profit percent26.9 %16.9 %20.8 %53.5 %

TotalDWSCA&IECSOther
Six Months Ended June 30, 2026
Revenue$911.1 $260.1 $366.4 $241.2 $43.4 
Gross profit percent25.2 %12.0 %23.4 %45.8 %
Six Months Ended June 30, 2025
Revenue$915.4 $256.7 $361.8 $258.9 $38.0 
Gross profit percent25.9 %15.7 %20.2 %50.8 %

TECHNOLOGY SOLUTIONS & SERVICES (TS&S) & CLEARPATH REVENUE AND GROSS PROFIT
(Unaudited)
(Millions)
Three Months EndedSix Months Ended
June 30,June 30,
2026202520262025
ClearPath revenue$69.7 $87.6 $135.2 $158.7 
TS&S revenue403.8 395.7 775.9 756.7 
Revenue$473.5 $483.3 $911.1 $915.4 
ClearPath gross profit$39.5 $60.3 $79.3 $103.6 
TS&S gross profit77.8 69.7 150.5 133.9 
Gross profit$117.3 $130.0 $229.8 $237.5 
ClearPath gross profit percent56.7 %68.8 %58.7 %65.3 %
TS&S gross profit percent19.3 %17.6 %19.4 %17.7 %
Gross profit percent24.8 %26.9 %25.2 %25.9 %
11


UNISYS CORPORATION
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(Millions)
June 30, 2026December 31, 2025
Assets
Current assets:
Cash and cash equivalents$324.3 $413.9 
Accounts receivable, net359.7 437.7 
Contract assets11.2 10.9 
Inventories16.4 13.8 
Prepaid expenses and other current assets134.5 127.7 
Total current assets846.1 1,004.0 
Properties, net56.7 53.1 
Capitalized contract costs, net71.2 73.6 
Marketable software, net165.9 166.1 
Operating lease right-of-use assets32.3 38.4 
Prepaid pension and postretirement assets38.2 21.3 
Deferred income taxes94.4 96.9 
Goodwill146.6 193.8 
Intangible assets, net27.7 31.2 
Restricted cash8.2 7.8 
Other long-term assets154.3 160.0 
Total assets$1,641.6 $1,846.2 
Total liabilities and deficit
Current liabilities:
Current maturities of long-term debt$11.6 $12.7 
Accounts payable104.9 81.2 
Deferred revenue200.7 228.5 
Other accrued liabilities283.1 333.5 
Total current liabilities600.3 655.9 
Long-term debt721.9 729.0 
Long-term pension and postretirement liabilities485.1 517.7 
Long-term deferred revenue83.0 100.7 
Long-term operating lease liabilities25.3 30.6 
Other long-term liabilities77.9 80.6 
Commitments and contingencies
Total Unisys Corporation stockholders' deficit(367.4)(282.6)
Noncontrolling interests15.5 14.3 
Total deficit(351.9)(268.3)
Total liabilities and deficit$1,641.6 $1,846.2 

12


UNISYS CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(Millions)
Six Months Ended
June 30,
20262025
Cash flows from operating activities
Consolidated net loss $(132.4)$(50.6)
Adjustments to reconcile consolidated net loss to net cash used for operating activities:
(Gains) loss on debt extinguishment(0.2)6.8 
Foreign currency gains(4.3)(2.3)
Employee stock compensation7.2 9.7 
Depreciation and amortization of properties10.1 12.0 
Depreciation and amortization of capitalized contract costs13.5 7.5 
Amortization of marketable software23.8 27.0 
Amortization of intangible assets2.0 2.1 
Goodwill and intangible asset impairment48.7 — 
Other non-cash operating activities0.1 2.1 
Pension and postretirement contributions(58.1)(287.6)
Pension and postretirement expense60.9 43.9 
Deferred income taxes, net(3.6)1.4 
Changes in operating assets and liabilities:
Receivables, net and contract assets85.4 49.1 
Inventories(2.5)(11.1)
Other assets(1.1)13.3 
Accounts payable and current liabilities(70.1)(111.6)
Other liabilities(10.1)5.4 
Net cash used for operating activities(30.7)(282.9)
Cash flows from investing activities
Investment in marketable software(21.1)(23.6)
Capital additions of properties and other assets(22.7)(16.8)
Proceeds from foreign exchange forward contracts— 1,776.5 
Purchases of foreign exchange forward contracts— (1,746.0)
Other(0.4)(0.1)
Net cash used for investing activities(44.2)(10.0)
Cash flows from financing activities
Proceeds from issuance of long-term debt— 700.0 
Payments of long-term debt(9.5)(488.6)
Issuance costs relating to long-term debt— (13.8)
Cash paid for debt extinguishment— (4.0)
Other(5.1)(3.3)
Net cash (used for) provided by financing activities(14.6)190.3 
Effect of exchange rate changes on cash, cash equivalents and restricted cash0.3 21.0 
Decrease in cash, cash equivalents and restricted cash(89.2)(81.6)
Cash, cash equivalents and restricted cash, beginning of period421.7 390.6 
Cash, cash equivalents and restricted cash, end of period$332.5 $309.0 






13


UNISYS CORPORATION
RECONCILIATIONS OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES
(Unaudited)
(Millions, except per share data)
Three Months EndedSix Months Ended
June 30,June 30,
2026202520262025
Net loss attributable to Unisys Corporation$(95.3)$(20.1)$(131.1)$(49.6)
Pension and postretirement expensepretax30.4 22.0 60.9 43.9 
tax1.2 0.6 2.4 1.2 
net of tax29.2 21.4 58.5 42.7 
Goodwill and intangible asset impairment
pretax48.7 — 48.7 — 
tax— — — — 
net of tax48.7 — 48.7 — 
Foreign exchange losses (gains), netpretax2.7 0.5 (4.4)0.4 
tax— — — — 
net of tax2.7 0.5 (4.4)0.4 
Loss (gain) on debt extinguishment pretax— 6.8 (0.2)6.8 
tax— — — — 
net of tax— 6.8 (0.2)6.8 
Certain legal matters, net
pretax1.2 0.7 1.4 0.3 
tax— — — — 
net of tax1.2 0.7 1.4 0.3 
Environmental matterspretax0.1 0.9 0.5 1.3 
tax— — — — 
net of tax0.1 0.9 0.5 1.3 
Cost reduction and other expensespretax7.7 4.4 11.0 9.2 
tax— 0.3 — 0.3 
net of tax7.7 4.1 11.0 8.9 
Non-GAAP net (loss) income attributable to Unisys Corporation$(5.7)$14.3 $(15.6)$10.8 
Weighted average shares (thousands)72,914 71,261 72,358 70,683 
Plus incremental shares from assumed vesting:
Employee stock plans— — — — 
Adjusted weighted average shares72,914 71,261 72,358 70,683 
Weighted average shares (thousands)72,914 71,261 72,358 70,683 
Plus incremental shares from assumed vesting:
Employee stock plans— 2,306 — 2,885 
Non-GAAP adjusted weighted average shares72,914 73,567 72,358 73,568 
Diluted loss per share
Net loss attributable to Unisys Corporation$(95.3)$(20.1)$(131.1)$(49.6)
Divided by adjusted weighted average shares72,914 71,261 72,358 70,683 
Diluted loss per share$(1.31)$(0.28)$(1.81)$(0.70)
Non-GAAP basis
Non-GAAP net (loss) income attributable to Unisys Corporation for diluted (loss) earnings per share$(5.7)$14.3 $(15.6)$10.8 
Divided by Non-GAAP adjusted weighted average shares72,914 73,567 72,358 73,568 
Non-GAAP diluted (loss) earnings per share$(0.08)$0.19 $(0.22)$0.15 

14


UNISYS CORPORATION
RECONCILIATIONS OF GAAP TO NON-GAAP
(Unaudited)
(Millions)

FREE CASH FLOW
Three Months EndedSix Months Ended
June 30,June 30,
2026202520262025
Cash used for operations$(26.3)$(316.2)$(30.7)$(282.9)
Additions to marketable software(10.7)(12.4)(21.1)(23.6)
Additions to properties and other assets(12.0)(7.9)(22.7)(16.8)
Free cash flow(49.0)(336.5)(74.5)(323.3)
Pension and postretirement funding29.7 278.2 58.1 287.6 
Pre-pension and postretirement free cash flow(19.3)(58.3)(16.4)(35.7)
Debt extinguishment payments
— 4.0 — 4.0 
Certain legal payments0.2 0.8 0.3 1.8 
Environmental matters payments1.2 1.3 2.3 3.5 
Cost reduction and other payments, net8.5 2.8 18.3 5.3 
Adjusted free cash flow$(9.4)$(49.4)$4.5 $(21.1)

15


UNISYS CORPORATION
RECONCILIATIONS OF GAAP TO NON-GAAP
(Unaudited)
(Millions)


EBITDA
Three Months EndedSix Months Ended
June 30,June 30,
2026202520262025
Net loss attributable to Unisys Corporation$(95.3)$(20.1)$(131.1)$(49.6)
Net (loss) income attributable to noncontrolling interests(0.3)0.1 (1.3)(1.0)
Interest expense, net of interest income of $4.4, $5.6, $9.3 and $11.3, respectively (1)
13.9 2.6 27.5 5.0 
Provision for income taxes15.8 20.0 29.5 30.6 
Depreciation13.2 10.1 23.6 19.5 
Amortization12.9 15.9 25.8 29.1 
EBITDA$(39.8)$28.6 $(26.0)$33.6 
Pension and postretirement expense$30.4 $22.0 $60.9 $43.9 
Goodwill and intangible asset impairment
48.7 — 48.7 — 
Foreign exchange losses (gains), net (1)(2)
2.7 0.5 (4.4)0.4 
Loss (gain) on debt extinguishment (1)
— 6.8 (0.2)6.8 
Certain legal matters, net (3)
1.2 0.7 1.4 0.3 
Environmental matters (1)
0.1 0.9 0.5 1.3 
Cost reduction and other expenses (4)
6.7 0.1 9.0 3.8 
Non-cash share based expense3.1 2.9 7.2 9.7 
Other expense (income), net adjustment (5)
0.4 (1.1)2.6 1.8 
Adjusted EBITDA$53.5 $61.4 $99.7 $101.6 
(1) Included in other (expense), net on the consolidated statements of income (loss).
(2) Foreign exchange (gains) losses include (gains) losses from remeasuring cash, receivables, payables and intercompany balances denominated in foreign currencies and (gains) losses on foreign exchange forward contracts. In the third quarter of 2025, the company ceased its use of foreign currency forward contracts.
(3) Included in selling, general and administrative expenses and other (expense), net within the consolidated statements of income (loss).
(4) Reduced for depreciation and amortization included above.
(5) Other expense, net as reported on the consolidated statements of income (loss) less pension and postretirement expense, foreign exchange (gains) losses, net, (gain) loss on debt extinguishment, interest income and items included in certain legal and environmental matters and cost reduction and other expenses.
Three Months EndedSix Months Ended
June 30,June 30,
2026202520262025
Revenue$473.5 $483.3 $911.1 $915.4 
Net loss attributable to Unisys Corporation as a percentage of revenue(20.1) %(4.2) %(14.4) %(5.4) %
Non-GAAP net (loss) income attributable to Unisys Corporation as a percentage of revenue(1.2) %3.0  %(1.7) %1.2  %
Adjusted EBITDA as a percentage of revenue11.3  %12.7  %10.9  %11.1  %
16


UNISYS CORPORATION
RECONCILIATIONS OF GAAP TO NON-GAAP
(Unaudited)
(Millions)

OPERATING PROFIT (LOSS)

Three Months EndedSix Months Ended
June 30,June 30,
2026202520262025
Operating (loss) profit$(32.9)$30.3 $(16.7)$35.4 
Goodwill and intangible asset impairment
48.7 — 48.7 — 
Certain legal matters (1)
1.2 0.1 1.4 0.6 
Cost reduction and other expenses (2)
7.9 6.0 10.9 11.9 
Pension and postretirement expense (1)
0.4 0.4 0.8 0.8 
Non-GAAP operating profit$25.3 $36.8 $45.1 $48.7 
Revenue$473.5 $483.3 $911.1 $915.4 
Operating (loss) profit percent(6.9) %6.3  %(1.8) %3.9  %
Non-GAAP operating profit percent5.3  %7.6  %5.0  %5.3  %
(1) Included in selling, general and administrative on the consolidated statements of income (loss).
(2) Included in cost of revenue, selling, general and administrative and research and development on the consolidated statements of income (loss).


17

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

4 documents

Press Releases

Other Documents